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. Following its resolution plan, the company transferred its entire business to Reliance Commercial Finance Limited and exited the housing finance sector. It reported a net profit of Rs. 24.17 Cr for the year, turning around from earlier losses. However, legal and insolvency challenges continue to create uncertainty about its future operations. The board approved voluntary surrender of its housing finance license and is actively seeking approvals for voluntary liquidation.