Reliance Home Finance Limited has informed the Exchange regarding Cessation of Mr as Independent Director of the company w.e.f. August 23, 2025.
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Three Independent Directors — Ms. Heena Jaysinghani, Mr. Gopala Ramaratnam, and Mr. Ravishekhar Pandey — have resigned from the board of Reliance Home Finance Limited, all effective August 23, 2025. Each cited personal reasons such as 'pre-occupation elsewhere' and, in Mr. Pandey's case, 'increasing work and family responsibilities.' The company has filed the required disclosure under SEBI LODR Regulation 30. The resignations were communicated on the same day, with no replacement directors announced in this filing.
The simultaneous exit of all three independent directors on the same date raises governance concerns, as the company must now quickly appoint new independent directors to meet SEBI's minimum board composition requirements. Shareholders should watch for follow-up announcements on new appointments, as prolonged gaps in independent oversight can affect corporate governance ratings and minority shareholder confidence.