Reliance Home Finance Limited has informed the Exchange regarding Board meeting held on May 22, 2025.
RHFL · price
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Awaiting price reaction for this filing.
Reliance Home Finance's board approved audited Q4 and FY25 results on May 22, 2025. The company reported a net profit of Rs. 2,417.34 lakhs for FY25, but this was entirely driven by a one-time write-back of liabilities of Rs. 2,823.05 lakhs shown as exceptional items. Excluding this, the company actually posted a loss of Rs. 412.31 lakhs. Total income from operations fell sharply to Rs. 22.26 lakhs in FY25 from Rs. 61.81 lakhs in FY24, a decline of about 64%. Total assets have collapsed to just Rs. 158.19 lakhs while net worth is deeply negative at Rs. (5,300.80) lakhs, reflecting the transfer of its housing finance business to Reliance Commercial Finance under a resolution plan.
Auditor Tambi & Jaipurkar issued a qualified opinion explicitly flagging material uncertainty about the company's ability to continue as a going concern. An IBC petition by Invent Assets Securitisation for Rs. 7.81 Crores is pending before NCLT, the housing finance license has been surrendered, and SEBI penalties have been imposed — all pointing to serious operational and solvency risks for shareholders.