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RHFL - Reliance Home

📊 NSE: RHFL 🏢 Finance - Housing 📅 Last Updated: 12/14/2025 11:47

📢 Recent Corporate Announcements

RHFL Conducts 7th Committee of Creditors Meeting Under Insolvency Process

🔵 WATCH ⭐ 7/10

LEGAL 📅 10 Mar 2026, 12:44 PM

Reliance Home Finance Limited (RHFL) held its 7th Committee of Creditors (CoC) meeting on March 09, 2026, as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The insolvency process was originally initiated on September 20, 2025, following significant financial defaults. This meeting is a procedural step in the resolution process where creditors discuss potential bids or restructuring plans. The company remains under the management of Resolution Professional Umesh Balaram Sonkar as it attempts to settle its liabilities.

7th meeting of the Committee of Creditors (CoC) was successfully held on March 09, 2026
The Corporate Insolvency Resolution Process (CIRP) has been active since September 20, 2025
Meeting conducted via video conferencing in compliance with SEBI Listing Regulations
Resolution Professional's Authorization for Assignment (AFA) is valid until December 31, 2026

💡 Investors should remain highly cautious as equity value in companies undergoing CIRP is often significantly diluted or wiped out. Monitor for any announcements regarding the approval of a specific resolution plan by the CoC.

RHFL to Hold 7th Committee of Creditors Meeting on March 9, 2026

🔵 WATCH ⭐ 7/10

LEGAL 📅 07 Mar 2026, 03:09 PM

Reliance Home Finance Limited (RHFL) has scheduled the 7th meeting of its Committee of Creditors (CoC) for March 09, 2026, at 03:30 P.M. This meeting is a critical step in the ongoing Corporate Insolvency Resolution Process (CIRP) which was initiated on September 20, 2025. The company is currently under the management of Resolution Professional Umesh Balaram Sonkar. The meeting will be conducted via video conferencing to discuss the progress of the resolution plan for the corporate debtor.

7th meeting of the Committee of Creditors (CoC) scheduled for March 09, 2026
Company has been under Corporate Insolvency Resolution Process (CIRP) since September 20, 2025
Meeting to be conducted via Video Conferencing at 03:30 P.M. IST
Resolution Professional Umesh Balaram Sonkar is overseeing the insolvency proceedings
Disclosure made under Regulation 30 of SEBI (LODR) Regulations

💡 Investors should remain cautious as the company is in insolvency; equity value is typically at high risk during CIRP. Monitor the outcome of CoC meetings for any updates on potential resolution plans or liquidation.

RHFL Receives 12 Resolution Plans Under Corporate Insolvency Resolution Process

🔵 WATCH ⭐ 8/10

LEGAL 📅 20 Feb 2026, 05:36 PM

Reliance Home Finance Limited (RHFL) has announced that its Resolution Professional has received 12 resolution plans for the company's revival. These submissions come from a final list of 28 prospective resolution applicants who had expressed interest. The company has been under the Corporate Insolvency Resolution Process (CIRP) since September 20, 2025. While the high number of bids indicates significant interest in the company's assets, the final recovery for equity shareholders in such insolvency proceedings is typically minimal or nil.

Received 12 Resolution Plans by the final submission deadline
Total of 28 Prospective Resolution Applicants were included in the final list
CIRP process was originally initiated on September 20, 2025
Invitation for Expression of Interest (EOI) was first published on November 15, 2025
Resolution Professional Umesh B. Sonkar will now evaluate the submitted plans

💡 Investors should remain extremely cautious as equity shareholders often face total capital loss or delisting during insolvency resolutions. Monitor the Committee of Creditors' (CoC) decision on the winning bid and the proposed treatment of existing equity.

RHFL Conducts 6th Committee of Creditors Meeting Under Insolvency Process

🔴 NEGATIVE ⭐ 7/10

LEGAL 📅 19 Feb 2026, 04:54 PM

Reliance Home Finance Limited (RHFL) held its 6th Committee of Creditors (CoC) meeting on February 18, 2026, as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The insolvency process was originally initiated on September 20, 2025, following significant financial defaults. The company is currently managed by Resolution Professional Umesh Balaram Sonkar. This meeting is a procedural step in determining the future of the company's debt resolution or potential liquidation.

6th Meeting of the Committee of Creditors (CoC) concluded on February 18, 2026
Company has been under Corporate Insolvency Resolution Process (CIRP) since September 20, 2025
Meeting conducted via Video Conferencing in compliance with SEBI Regulation 30
Resolution Professional Umesh Balaram Sonkar is overseeing the insolvency proceedings

💡 Equity investors should remain extremely cautious as CIRP proceedings often lead to substantial equity write-downs or delisting. Monitor future disclosures regarding resolution plans submitted by potential bidders.

RHFL Holds 5th Committee of Creditors Meeting Amid Ongoing Insolvency Process

🔵 WATCH ⭐ 6/10

LEGAL 📅 08 Jan 2026, 09:18 PM

Reliance Home Finance Limited (RHFL) successfully conducted its 5th Committee of Creditors (CoC) meeting on January 8, 2026. The meeting, which was part of the ongoing Corporate Insolvency Resolution Process (CIRP), was rescheduled from its original date of January 7, 2026. RHFL has been under the insolvency process since September 20, 2025, following regulatory defaults. This meeting represents a procedural step in determining the company's debt resolution and future viability.

5th CoC meeting held on January 8, 2026, at 11:30 A.M. via video conferencing.
The meeting was rescheduled from the original date of January 7, 2026.
RHFL has been under Corporate Insolvency Resolution Process (CIRP) since September 20, 2025.
Proceedings are being managed by Resolution Professional Umesh Balaram Sonkar.

💡 Investors should remain cautious as CIRP proceedings typically involve significant risks to equity value, including potential delisting or total loss. Monitor subsequent filings for details on any proposed resolution plans or recovery updates for creditors.

RHFL Schedules 5th Committee of Creditors (CoC) Meeting for January 7, 2026

🔴 NEGATIVE ⭐ 8/10

LEGAL 📅 07 Jan 2026, 10:56 PM

Reliance Home Finance Limited (RHFL) has scheduled its 5th Committee of Creditors (CoC) meeting for January 07, 2026, at 4:30 PM. This meeting is a critical step in the ongoing Corporate Insolvency Resolution Process (CIRP) which was initiated on September 20, 2025. The proceedings are being managed by the Resolution Professional, Umesh B. Sonkar, as the company seeks a resolution plan for its debt. Investors should be aware that the company remains under a formal insolvency framework, which significantly impacts equity value.

5th Meeting of the Committee of Creditors (CoC) scheduled for January 07, 2026
Corporate Insolvency Resolution Process (CIRP) was initiated on September 20, 2025
Meeting to be conducted via Video Conferencing at 4:30 P.M. IST
Resolution Professional Umesh B. Sonkar is overseeing the insolvency proceedings

💡 Investors should exercise extreme caution as equity holders typically face significant losses or delisting during the CIRP process. Monitor future disclosures regarding resolution plans and creditor voting outcomes.

RHFL to Hold 5th Committee of Creditors Meeting on January 7, 2026

🔵 WATCH ⭐ 8/10

LEGAL 📅 07 Jan 2026, 04:59 PM

Reliance Home Finance Limited (RHFL) has scheduled its 5th Committee of Creditors (CoC) meeting for January 7, 2026, at 4:30 PM. This meeting is a critical step in the ongoing Corporate Insolvency Resolution Process (CIRP) which was initiated on September 20, 2025. The company is currently managed by Resolution Professional Umesh B. Sonkar as it seeks a resolution for its debt obligations. Investors should be aware that the outcome of these meetings determines the future viability of the company and the recovery for stakeholders.

5th Meeting of the Committee of Creditors (CoC) scheduled for January 7, 2026
Company has been under Corporate Insolvency Resolution Process (CIRP) since September 20, 2025
Meeting to be conducted via Video Conferencing at 4:30 PM IST
Umesh Balaram Sonkar is the appointed Resolution Professional overseeing the process
Process is being conducted under Regulation 30 of SEBI (LODR) Regulations

💡 Investors should exercise extreme caution as equity value in companies under CIRP is often significantly diluted or wiped out. Closely monitor disclosures regarding resolution plans approved by the CoC.

Reliance Home Finance Holds 4th Committee of Creditors Meeting Under Insolvency Process

🔴 NEGATIVE ⭐ 9/10

LEGAL 📅 19 Dec 2025, 07:45 PM

Reliance Home Finance Limited (RHFL) conducted its 4th Meeting of the Committee of Creditors (CoC) on December 15, 2025. This meeting is part of the ongoing Corporate Insolvency Resolution Process (CIRP) which was initiated on September 20, 2025. The process is being overseen by Resolution Professional Umesh Balaram Sonkar to resolve the company's outstanding debts. As the company is under CIRP, the powers of the board remain suspended and the focus is on finding a resolution plan for the corporate debtor.

4th Meeting of the Committee of Creditors (CoC) concluded on December 15, 2025
Corporate Insolvency Resolution Process (CIRP) was originally initiated on September 20, 2025
Resolution Professional Umesh Balaram Sonkar is managing the company's affairs during this period
The meeting was held at 04:00 P.M. as per Regulation 30 of SEBI LODR

💡 Investors should be extremely cautious as equity value in companies undergoing CIRP is often significantly diluted or wiped out. Monitor future disclosures regarding any approved resolution plans or liquidation orders.

RHFL Clarifies on ₹228 Crore CBI Fraud Case News; No Official Notice Received

🔴 NEGATIVE ⭐ 9/10

LEGAL 📅 16 Dec 2025, 12:28 PM

Reliance Home Finance Limited (RHFL) has responded to media reports concerning a CBI FIR against the company and Jai Anmol Ambani for an alleged ₹228 crore bank fraud. The company, which has been under the Corporate Insolvency Resolution Process (CIRP) since September 20, 2025, stated that its Resolution Professional (RP) has not yet received any formal notice or communication from the CBI. Currently, the Board of Directors is suspended, and all powers vest with the RP, Umesh Balaram Sonkar. This development adds further legal complexity to an already distressed entity undergoing insolvency.

Media reports allege CBI has booked RHFL and Jai Anmol Ambani in a ₹228 crore fraud case.
The company has been under CIRP since September 20, 2025, following an NCLT order.
Resolution Professional confirms no official intimation or FIR copy has been received from the CBI as of December 10, 2025.
Board of Directors remains suspended under Section 17 of the Insolvency and Bankruptcy Code, 2016.

💡 Given the ongoing insolvency process and new fraud allegations, the stock remains highly speculative and risky. Equity holders should be aware that CIRP outcomes often result in significant capital erosion for retail investors.

RHFL (In CIRP) Responds to CBI Case Clarification Request

🟡 NEUTRAL ⭐ 6/10

LEGAL 📅 10 Dec 2025, 07:37 PM

Reliance Home Finance Limited (RHFL), currently undergoing Corporate Insolvency Resolution Process (CIRP), has responded to a clarification sought by stock exchanges regarding a CBI case. The case involves allegations of a ₹228 crore bank fraud. The Resolution Professional, Umesh Balaram Sonkar, confirmed that no notice or communication has been received from the CBI at the provided address. All future correspondence should be addressed to the Resolution Professional at the specified address and email.

RHFL is under Corporate Insolvency Resolution Process (CIRP).
Umesh Balaram Sonkar is the Resolution Professional with IBBI Registration No.: IBBI/IPA-001/IP-P-02619/2021-2022/14043.
A CBI case has been registered regarding a ₹228 crore bank fraud.
No notice has been received by the Resolution Professional from the CBI.
Correspondence address for RHFL (In CIRP) is 146-B, Chikhal House, Office No.25, 3rd floor, Princess Street, Kalbadevi, Mumbai - 400002.

💡 Investors should monitor updates regarding the CIRP and the CBI investigation. Ensure all future correspondence is directed to the Resolution Professional's address.

RHFL Extends Insolvency Resolution Timeline; Publishes Extended Form G on Dec 02

🔵 WATCH ⭐ 8/10

LEGAL 📅 02 Dec 2025, 06:24 PM

Reliance Home Finance Limited (RHFL) has announced the publication of an Extended Form G on December 02, 2025, as part of its ongoing Corporate Insolvency Resolution Process (CIRP). This follows the initiation of insolvency proceedings which began on September 20, 2025. The extension allows more time for potential resolution applicants to submit Expressions of Interest (EOI) to take over or revive the company. The process is currently being managed by Resolution Professional Umesh B. Sonkar.

Extended Form G published on December 02, 2025, to invite Expressions of Interest from bidders.
The Corporate Insolvency Resolution Process (CIRP) was officially initiated on September 20, 2025.
Umesh B. Sonkar is the appointed Resolution Professional overseeing the insolvency proceedings.
The notice was published in The Financial Express (All India) and Navshakti (Mumbai) newspapers.

💡 Investors should exercise extreme caution as the company is in insolvency; the final resolution plan will determine if there is any residual value for equity shareholders.

RHFL Holds 3rd Committee of Creditors Meeting Amid Ongoing Insolvency Process

🔵 WATCH ⭐ 8/10

LEGAL 📅 01 Dec 2025, 06:40 PM

Reliance Home Finance Limited (RHFL) convened its 3rd Committee of Creditors (CoC) meeting on December 01, 2025, as part of the ongoing Corporate Insolvency Resolution Process (CIRP). This follows the initiation of insolvency proceedings against the company which began on September 20, 2025. The meeting was conducted via video conferencing to discuss the resolution path for the debt-laden firm. As the company is under CIRP, the powers of the board remain suspended and the management is overseen by the Resolution Professional.

3rd meeting of the Committee of Creditors (CoC) held on December 01, 2025.
Corporate Insolvency Resolution Process (CIRP) was initiated on September 20, 2025.
Meeting conducted via video conferencing at 3:00 P.M. IST.
Umesh Balaram Sonkar is the appointed Resolution Professional (RP) managing the process.
The intimation is filed under Regulation 30 of SEBI (LODR) Regulations.

💡 Investors should exercise extreme caution as equity shareholders typically face significant value erosion or total wipeout during insolvency resolutions. Monitor future CoC updates for any potential bids or resolution plans that may impact the company's listing status.

RHFL: 3rd Meeting of Committee of Creditors on Dec 01, 2025

🟡 NEUTRAL ⭐ 5/10

REGULATORY 📅 01 Dec 2025, 06:38 PM

Reliance Home Finance Limited (RHFL) has announced the 3rd meeting of the Committee of Creditors (CoC) scheduled for December 01, 2025, at 3:00 P.M. (IST). This meeting is being held as part of the Corporate Insolvency Resolution Process (CIRP) initiated for the company. The meeting will be conducted via video conferencing. This is a mandatory regulatory disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

3rd Meeting of the Committee of Creditors (CoC) on December 01, 2025
Meeting Time: 3:00 P.M. (IST)
Meeting Mode: Video Conferencing
Corporate Insolvency Resolution Process (CIRP) is in progress

💡 Investors should monitor further announcements related to the CIRP process. No immediate action is required, but stay informed about developments.

View All RHFL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total Operating Income declined by 99.84% from INR 391.37 Cr in FY23 to INR 0.62 Cr in FY24 following the transfer of the lending business. Segmental revenue is currently Nil as the housing finance operations were discontinued and the license was surrendered in January 2024.

Geographic Revenue Split

100% of revenue was historically generated within India. As of March 31, 2023, the company reported no separate reportable segments under Ind AS 108 as all activities were domestic and are now largely ceased.

Profitability Margins

Net Profit Margin shifted from a net loss of INR 5,440 Cr in FY22 to a net profit of INR 5,418.58 Cr in FY23, primarily due to exceptional items related to debt resolution and the transfer of liabilities. However, FY24 reported a loss of INR 3.55 Cr as operating income vanished.

EBITDA Margin

Operating Profit Margin (OPM) was -2,220% in FY22 and improved to 258% in FY23 due to the accounting of the business transfer and debt resolution. Core profitability is no longer applicable as the loan book was reduced to Nil from INR 12,352 Cr YoY.

Capital Expenditure

Not disclosed for future periods as the Board has approved voluntary liquidation. Historical fixed assets were reduced from INR 48 Cr in FY22 to Nil in FY23 following the slump sale to RCFL for INR 180 Cr.

Credit Rating & Borrowing

The company carries a 'CARE D' (Default) rating. Borrowing costs are no longer a primary metric as the outstanding loan book was Nil as of March 31, 2023, compared to INR 12,352 Cr in the previous year.

⚙️ Operational Drivers

Raw Materials

Cost of Borrowings (Interest Expense) represents the primary 'raw material' cost, which was INR 1,185 Cr in FY22 (approx. 404% of revenue) before the business transfer eliminated the debt and loan book.

Import Sources

Not applicable as the company was a domestic financial services provider sourcing capital from Indian banks (Bank of Baroda led the ICA) and NCD holders.

Key Suppliers

Primary capital providers included Bank of Baroda (lead lender under the Inter-Creditor Agreement) and various NCD holders and institutional investors.

Capacity Expansion

Current capacity is Nil. The company's Assets Under Management (AUM) dropped from INR 11,857 Cr in FY22 to Nil in FY23. There are no plans for expansion as the company is undergoing voluntary liquidation.

Raw Material Costs

Interest expenses were INR 1,185 Cr in FY22. Following the resolution plan, the company transferred its business to RCFL, effectively removing the cost of funds from its standalone operations.

Manufacturing Efficiency

Not applicable. Financial efficiency was measured by Return on Net Worth, which was -73.39% in FY23 compared to -0.99% in FY22, reflecting the eroded capital base of INR -73.83 Cr.

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

The company is not pursuing growth; instead, it is executing a voluntary liquidation strategy. The business was transferred to Reliance Commercial Finance Ltd (RCFL), a subsidiary of Authum Investment & Infrastructure Ltd, for a total consideration of INR 180 Cr to resolve creditor dues.

Products & Services

Historically provided Home Loans, Affordable Housing Loans, Loans Against Property (LAP), and Construction Finance.

Brand Portfolio

Reliance Home Finance.

New Products/Services

No new products are planned; the company has discontinued all housing finance operations.

Market Expansion

None. The company has exited the market and transferred its operational infrastructure to the Authum Group.

Market Share & Ranking

The company has exited the housing finance industry and no longer holds market share.

Strategic Alliances

The company entered into an Inter-Creditor Agreement (ICA) with lenders led by Bank of Baroda, which resulted in Authum Investment & Infrastructure Ltd being selected as the successful bidder.

🌍 External Factors

Industry Trends

The Housing Finance sector is shifting toward digitalization and robust asset quality monitoring. RHFL failed to navigate the liquidity crunch of 2018-2019, leading to its displacement by stronger capitalized players.

Competitive Landscape

The company is no longer a competitor in the HFC space, which is currently dominated by players like HDFC, LIC Housing Finance, and emerging fintech-led HFCs.

Competitive Moat

The company has no remaining moat. Its primary advantages (brand and license) have been neutralized by the surrender of its RBI license and the insolvency of its promoter, Reliance Capital.

Macro Economic Sensitivity

Highly sensitive to liquidity in the NBFC sector. The IL&FS crisis caused a severe liquidity mismatch that led to the company's inability to refinance debt, resulting in a 100% loss of its active loan portfolio.

Consumer Behavior

Shift toward digital lending platforms was noted in concalls, but the company could not capitalize on this due to financial stress.

Geopolitical Risks

Minimal direct impact as operations were 100% domestic, though global financial tightening influenced local liquidity conditions.

⚖️ Regulatory & Governance

Industry Regulations

The company surrendered its Housing Finance Company license to the RBI/NHB on January 25, 2024, following the completion of the business transfer to Authum Group.

Environmental Compliance

Not applicable as a financial service provider, though ESG risks were integrated into the Risk Management Policy framework.

Taxation Policy Impact

The company reported a tax expense of 37.92% in FY23 on its exceptional gains, amounting to a significant portion of its INR 9,619.77 Cr PBT.

Legal Contingencies

The promoter, Reliance Capital Limited (holding 47.91%), is currently under Corporate Insolvency Resolution Process (CIRP). The company itself is seeking voluntary liquidation, which is subject to requisite permissions and sanctions.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the successful completion of the voluntary liquidation process and the final settlement of any residual legal claims against the entity.