Reliance Home Finance Limited — Board Meeting, 22-05-2025: Outcome of Board Meeting

Reliance Home Finance has announced a board meeting approving the financial results for the quarter and year ended March 31, 2025. After implementing a Rs. 3,351 Cr resolution plan, it transferred its business to Reliance Commercial Finance and exited housing finance operations. Despite challenges like an insolvency petition for Rs. 7.81 Cr and ongoing legal issues, the company reported a net profit of Rs. 24.17 Cr for the year. The board has approved surrendering its housing finance license and is moving ahead with voluntary liquidation, signaling uncertainty on its future as a going concern.