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Reliance Home Finance Limited (RHFL)

₹1.52 -0.65% last close, 16 Oct

📊 NSE: RHFL 🏢 Finance - Housing 📢 Latest filing: 17 Sep 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q4 FY25)

In its latest reported quarter, Q4 FY25, Reliance Home's revenue was ₹0.0 Cr (-100.0% year on year, -100.0% on the previous quarter), and net profit ₹-0.7 Cr (a smaller loss than a year earlier).

Q4 FY25 (₹ Cr)	Value	YoY vs Q4 FY24	QoQ
Revenue	₹0.0	-100.0%	-100.0%
Operating profit	₹-0.5	loss narrowed	loss narrowed
Net profit	₹-0.7	loss narrowed	loss narrowed
EPS (₹)	-0.01	loss narrowed	loss narrowed

Full quarterly financials → Results calendar →

RHFL exchange data

NSE end-of-day data for Fri, 16 Oct 2026

It closed at a price band (circuit) on 1 session in about the last 20.

₹1.52NSE close · -0.65%

Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Reliance Home Finance: 14th Committee of Creditors Meeting Held on September 17, 2026

🟡 NEUTRAL ⭐ 3/10

LEGAL 📅 17 Sep 2026, 04:43 PM

Reliance Home Finance Limited (under Corporate Insolvency Resolution Process) informed exchanges that the 14th meeting of its Committee of Creditors (CoC) was scheduled for September 17, 2026, via video conferencing. The company has been under CIRP since September 20, 2025, after having surrendered its housing finance license and transferred business assets. RHFL currently has a negative net worth of ₹-53 Cr and zero core lending operations. Specific outcomes or agenda items from this CoC meeting were not disclosed in the filing.

14th Meeting of the Committee of Creditors (CoC) held on September 17, 2026, at 03:00 P.M. (IST)
CIRP initiation originally referenced under intimation dated September 20, 2025
Meeting conducted via Video Conferencing pursuant to Regulation 30 and Schedule III of SEBI LODR
Resolution Professional Umesh Balaram Sonkar's AFA valid upto December 31, 2026

💡 Monitor subsequent exchange filings for resolutions, liquidation decisions, or updates approved during the CoC meeting.

RHFL Conducts 13th Committee of Creditors Meeting Under Insolvency Process

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 10 Aug 2026, 05:20 PM

Reliance Home Finance Limited (RHFL) held its 13th Committee of Creditors (CoC) meeting on August 06, 2026, as part of the ongoing Corporate Insolvency Resolution Process (CIRP). The company is currently in a distressed state with a negative net worth of ₹-53 Cr and zero TTM revenue following the transfer of its operational assets to the Authum Group. The CIRP was initiated on September 20, 2025, and these meetings are procedural steps toward a final legal resolution. Given the lack of operations and minimal promoter holding of 0.74%, the outcome of these proceedings remains the primary focus for remaining stakeholders.

13th Meeting of the Committee of Creditors (CoC) was held on August 06, 2026, via video conferencing.
Corporate Insolvency Resolution Process (CIRP) was originally initiated on September 20, 2025.
Company reports a negative net worth of ₹-53 Cr and TTM revenue of ₹0 Cr.
Promoter holding remains extremely low at 0.74% as of March 2025.
Resolution Professional Umesh B. Sonkar is overseeing the process with AFA valid until December 31, 2026.

💡 Investors should monitor NCLT filings for the final resolution plan or liquidation orders, as the company has already exited the housing finance market and surrendered its license.

RHFL Schedules 13th Committee of Creditors Meeting for August 05, 2026

🔵 WATCH ⭐ 4/10

LEGAL 📅 04 Aug 2026, 06:58 PM

Reliance Home Finance Limited (RHFL) has scheduled its 13th Committee of Creditors (CoC) meeting for August 05, 2026, as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The company has been under CIRP since September 20, 2025, following a total freeze in credit and subsequent defaults. With a negative net worth of ₹-53 cr and TTM revenue of ₹0 cr, the company is effectively non-operational, having already transferred its business to the Authum Group. Equity shareholders should remain cautious as they typically rank lowest in the priority of claims during insolvency proceedings.

13th meeting of the Committee of Creditors (CoC) to be held on August 05, 2026
CIRP process originally initiated on September 20, 2025
Company reports a negative net worth of ₹-53 cr and debt of ₹40 cr
Historical loan book of ₹12,352 cr was previously transferred or written off
Current market capitalization stands at ₹90 cr with promoter holding at a minimal 0.74%

💡 Monitor for any disclosures regarding the resolution plan or liquidation progress; however, be aware that equity value is often completely eroded in CIRP cases for companies with negative net worth.

12th CoC Meeting Held for Reliance Home Finance (In CIRP)

🟡 NEUTRAL ⭐ 3/10

LEGAL 📅 17 Jul 2026, 04:11 PM

Reliance Home Finance Limited (RHFL), which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), conducted its 12th Committee of Creditors (CoC) meeting on July 14, 2026. The meeting was rescheduled from its original date of July 02, 2026. The company is effectively a shell entity with TTM revenue of Rs 0 Cr and a negative net worth of Rs -53 Cr, as its core business and assets were previously transferred to the Authum Group. This filing is a procedural update required under insolvency regulations.

12th Meeting of the Committee of Creditors (CoC) was successfully held on July 14, 2026
The meeting was rescheduled from its original date of July 02, 2026
CIRP process was originally initiated on September 20, 2025
Company reports TTM revenue of Rs 0 Cr and a negative net worth of Rs -53 Cr
Historical loan book of INR 12,352 Cr has already been transferred or written off

💡 Investors should note that the company has exited the housing finance industry and is in liquidation; watch for the final resolution plan or liquidation orders from the NCLT.

12th CoC Meeting Rescheduled for July 14, 2026, Amid Ongoing Insolvency Process

🔵 WATCH ⭐ 4/10

LEGAL 📅 13 Jul 2026, 07:35 PM

Reliance Home Finance Limited (RHFL) has rescheduled its 12th Committee of Creditors (CoC) meeting to July 14, 2026, following a postponement from the original July 2, 2026 date. The company has been under the Corporate Insolvency Resolution Process (CIRP) since September 20, 2025. Financially, the company is in a distressed state with a negative net worth of ₹-53 Cr and TTM revenue of ₹0 Cr, having already transferred its operational infrastructure to the Authum Group.

12th Meeting of the Committee of Creditors (CoC) rescheduled to July 14, 2026, at 11:30 A.M.
Original meeting date of July 2, 2026, was subsequently postponed.
Corporate Insolvency Resolution Process (CIRP) has been ongoing since September 20, 2025.
Company reports a negative net worth of ₹-53 Cr and TTM revenue of ₹0 Cr as of the latest filings.

💡 Investors should monitor the outcomes of CoC meetings for updates on the resolution plan or liquidation progress. Given the negative net worth and zero revenue, equity recovery in CIRP is typically highly uncertain.

RHFL Conducts 11th CoC Meeting Amid Ongoing Insolvency Resolution Process

🔵 WATCH ⭐ 7/10

LEGAL 📅 24 Jun 2026, 03:50 PM

Reliance Home Finance Limited (RHFL) successfully held its 11th Committee of Creditors (CoC) meeting on June 24, 2026, via video conferencing. This meeting was rescheduled from its original date of June 15, 2026, as part of the ongoing Corporate Insolvency Resolution Process (CIRP). The company has been under CIRP since September 20, 2025, following regulatory defaults. Investors should track these meetings closely as they determine the eventual resolution or liquidation of the company's assets.

11th Meeting of the Committee of Creditors (CoC) concluded on June 24, 2026
Meeting was rescheduled from the original date of June 15, 2026
Company has been under Corporate Insolvency Resolution Process (CIRP) since September 20, 2025
Resolution Professional Umesh Balaram Sonkar is managing the process under IBBI regulations

💡 Investors should remain cautious as equity holders typically face significant capital erosion during insolvency proceedings. Monitor for any announcements regarding a successful resolution plan or potential liquidation.

RHFL Reschedules 11th Committee of Creditors Meeting to June 24, 2026

🔵 WATCH ⭐ 6/10

LEGAL 📅 18 Jun 2026, 01:46 PM

Reliance Home Finance Limited (RHFL), which has been under the Corporate Insolvency Resolution Process (CIRP) since September 20, 2025, has announced a change in its meeting schedule. The 11th Meeting of the Committee of Creditors (CoC), originally planned for June 15, 2026, has been rescheduled. The meeting will now be held on June 24, 2026, at 11:00 A.M. via video conferencing. This procedural update is part of the ongoing efforts by the Resolution Professional to resolve the company's debt obligations.

The 11th CoC meeting is rescheduled from June 15, 2026, to June 24, 2026.
RHFL has been undergoing the Corporate Insolvency Resolution Process since September 20, 2025.
The meeting will be conducted via Video Conferencing at 11:00 A.M. IST.
The process is being managed by Resolution Professional Umesh Balaram Sonkar, whose authorization is valid until December 31, 2026.

💡 Investors should closely monitor the outcome of the June 24 meeting for any progress on the resolution plan, though the stock remains high-risk due to the ongoing insolvency process.

RHFL to Hold 11th Committee of Creditors Meeting on June 15, 2026

🔵 WATCH ⭐ 8/10

LEGAL 📅 15 Jun 2026, 03:28 PM

Reliance Home Finance Limited (RHFL) has scheduled the 11th meeting of its Committee of Creditors (CoC) for June 15, 2026, at 3:00 PM IST. This meeting is a continuation of the Corporate Insolvency Resolution Process (CIRP) that was initiated on September 20, 2025. The proceedings are being conducted via video conferencing under the supervision of Resolution Professional Umesh Balaram Sonkar. As the company is currently under insolvency, these meetings are critical for determining the future of the entity and the recovery for its creditors.

11th Meeting of the Committee of Creditors (CoC) scheduled for June 15, 2026.
The Corporate Insolvency Resolution Process (CIRP) has been ongoing since September 20, 2025.
Meeting to be held via Video Conferencing at 03:00 P.M. (IST).
Resolution Professional Umesh Balaram Sonkar is managing the process with AFA valid until December 31, 2026.

💡 Investors should remain extremely cautious as equity holders typically face total loss or significant dilution during insolvency resolution. Monitor for any announcements regarding approved resolution plans or liquidation orders following this CoC meeting.

RHFL Conducts 10th Committee of Creditors Meeting Under Insolvency Process

🔵 WATCH ⭐ 7/10

LEGAL 📅 09 Jun 2026, 07:12 PM

Reliance Home Finance Limited (RHFL) held its 10th Committee of Creditors (CoC) meeting on June 09, 2026, as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The CIRP was originally initiated on September 20, 2025, following financial distress. The meeting was conducted via video conferencing to discuss the progress of the resolution plan under the supervision of Resolution Professional Umesh Balaram Sonkar. Shareholders should be aware that the company remains under the management of the Resolution Professional rather than the board.

10th Meeting of the Committee of Creditors (CoC) successfully held on June 09, 2026.
The Corporate Insolvency Resolution Process (CIRP) for RHFL commenced on September 20, 2025.
Resolution Professional Umesh Balaram Sonkar's Authorization for Assignment (AFA) is valid until December 31, 2026.
The meeting was conducted in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

💡 Investors should exercise extreme caution as equity value in CIRP cases is often subject to significant dilution or total write-off. Monitor for future disclosures regarding the specific resolution plans approved by the CoC.

RHFL Conducts 10th Committee of Creditors (CoC) Meeting Under Insolvency Process

🔵 WATCH ⭐ 7/10

LEGAL 📅 09 Jun 2026, 05:21 PM

Reliance Home Finance Limited (RHFL) held its 10th Committee of Creditors (CoC) meeting on June 09, 2026, as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The company has been under CIRP since September 20, 2025, following regulatory defaults. This meeting, conducted via video conferencing, is a procedural step in the insolvency framework to determine the company's future and debt resolution. The outcome of the discussions within the CoC will eventually decide the fate of the company's assets and equity value.

10th Meeting of the Committee of Creditors (CoC) held on June 09, 2026, at 3:00 P.M.
Company has been under the Corporate Insolvency Resolution Process (CIRP) since September 20, 2025.
The meeting was conducted through Video Conferencing in compliance with SEBI Regulation 30.
Umesh Balaram Sonkar is acting as the Resolution Professional (RP) for the process.
The intimation is a post-facto disclosure required under the Insolvency and Bankruptcy Code (IBC).

💡 Investors should remain highly cautious as the CIRP process typically involves significant risk of equity dilution or total loss for retail shareholders. Monitor for specific details on any proposed resolution plans that emerge from these CoC meetings.

RHFL Conducts 9th Committee of Creditors Meeting for Insolvency Resolution

🔵 WATCH ⭐ 7/10

LEGAL 📅 17 Apr 2026, 04:09 PM

Reliance Home Finance Limited (RHFL) successfully held its 9th Committee of Creditors (CoC) meeting on April 16, 2026, via video conferencing. This meeting is part of the Corporate Insolvency Resolution Process (CIRP) which was initiated on September 20, 2025. While the meeting was originally slated for April 15, it was rescheduled and completed a day later. These proceedings are critical as they involve the evaluation of resolution plans to settle the company's outstanding debts.

9th CoC meeting held on April 16, 2026, following a one-day rescheduling.
RHFL has been under Corporate Insolvency Resolution Process (CIRP) since September 20, 2025.
The meeting was conducted through video conferencing in compliance with SEBI and IBBI regulations.
Resolution Professional Umesh Balaram Sonkar is managing the process for the Corporate Debtor.

💡 Investors should remain cautious as insolvency proceedings typically result in significant haircuts for creditors and potential delisting or zero recovery for equity shareholders. Monitor for the final resolution plan approval.

RHFL to Hold 9th Committee of Creditors Meeting on April 15, 2026

🔵 WATCH ⭐ 7/10

LEGAL 📅 13 Apr 2026, 06:58 PM

Reliance Home Finance Limited (RHFL) has scheduled the 9th meeting of its Committee of Creditors (CoC) for April 15, 2026. The company has been undergoing the Corporate Insolvency Resolution Process (CIRP) since September 20, 2025. This meeting is a critical step in the ongoing insolvency proceedings to determine the future of the company's debt resolution. The meeting will be conducted via video conferencing at 6:00 PM IST.

9th meeting of the Committee of Creditors (CoC) scheduled for April 15, 2026.
The Corporate Insolvency Resolution Process (CIRP) was initiated on September 20, 2025.
Umesh Balaram Sonkar is the appointed Resolution Professional (RP) overseeing the process.
The meeting will be held via Video Conferencing in compliance with SEBI and IBBI regulations.

💡 Investors should remain cautious as equity value is typically at high risk during insolvency proceedings. Closely monitor the outcomes of CoC meetings for any news regarding resolution plans or potential liquidation.

Reliance Home Finance (RHFL) Re-issues Form G for Insolvency Resolution Process

🔵 WATCH ⭐ 7/10

LEGAL 📅 23 Mar 2026, 04:09 PM

Reliance Home Finance Limited (RHFL), which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), has announced the re-issuance of Form G. This form serves as a formal invitation to potential bidders to submit Expressions of Interest (EOI) for the company's resolution. The notice was published on March 20, 2026, in national and regional newspapers including The Financial Express and Navakal. This step indicates a continued effort by the Resolution Professional to find a viable buyer or restructuring plan for the debt-laden firm.

Re-issuance of Form G published on March 20, 2026, under the Insolvency and Bankruptcy Code.
The process is being managed by Resolution Professional Umesh Balaram Sonkar.
Publication occurred in The Financial Express (All India) and Navakal (Mumbai).
RHFL remains under Corporate Insolvency Resolution Process (CIRP) as a Corporate Debtor.
The move aims to solicit new Expressions of Interest from potential strategic or financial investors.

💡 Investors should exercise extreme caution as RHFL is in insolvency; equity shareholders often face significant capital erosion or total wipeout in final resolution plans. Monitor future disclosures regarding the identity of bidders and the value of resolution plans submitted.

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.

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.