Integrated Filing — IndAS

General information about company
Scrip Code	540709
NSE Symbol	RHFL
MSEI Symbol	NOTLISTED
ISIN	INE217K01011
Name of company	Reliance Home Finance Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	22-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	19-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	HOME FINANCE
Start date and time of board meeting	22-May-2025   15:30:00
End date and time of board meeting	22-May-2025   18:40:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Statement on impact of audit qualification
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-02-11
Indicate Company website link for updated RPT policy of the Company	www.reliancehomefinance.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
NA

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	19000	2226000
	Other income	0	0
	Total income	19000	2226000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	377000	2461000
(e)	Finance costs	1612000	9004000
(f)	Depreciation, depletion and amortisation expense	0	0
(f)	Other Expenses
1	OTHER EXPENSES	4911000	31991000
	Total other expenses	4911000	31991000
	Total expenses	6900000	43456000
3	Total profit before exceptional items and tax	-6881000	-41230000
4	Exceptional items	0	282305000
5	Total profit before tax	-6881000	241075000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	0	-660000
9	Total tax expenses	0	-660000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	-6881000	241735000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	-6881000	241735000
17	Other comprehensive income net of taxes	0	0
18	Total Comprehensive Income for the period	-6881000	241735000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	4850588000	4850588000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-0.01	0.5
	Diluted earnings (loss) per share from continuing operations	-0.01	0.5
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-0.01	0.5
	Diluted earnings (loss) per share from continuing and discontinued operations	-0.01	0.5
24	Debt equity ratio	-0.0099	-0.0099
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	0
	Capital work-in-progress	0
	Investment property	0
	Goodwill	0
	Other intangible assets	0
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	8459000
	Total non-current financial assets	8459000
	Deferred tax assets (net)	0
	Other non-current assets	222000
	Total non-current assets	8681000
2	Current assets
	Inventories	0
	Current financial asset
	Current investments	0
	Trade receivables, current	0
	Cash and cash equivalents	5037000
	Bank balance other than cash and cash equivalents	2096000
	Loans, current	0
	Other current financial assets	5000
	Total current financial assets	7138000
	Current tax assets (net)	0
	Other current assets	0
	Total current assets	7138000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	15819000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	4850588000
	Other equity	-5380668000
	Total equity attributable to owners of parent	-530080000
	Non controlling interest
	Total equity	-530080000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	92388000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	183000
	Total non-current financial liabilities	92571000
	Provisions, non-current	0
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	142968000
	Total non-current liabilities	235539000
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other current financial liabilities	310360000
	Total current financial liabilities	310360000
	Other current liabilities
	Provisions, current	0
	Current tax liabilities (Net)
	Deferred government grants, Current
	Total current liabilities	310360000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	545899000
	Total equity and liabilites	15819000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
	Total Amount of items that will not be reclassified to profit and loss
2	Income tax relating to items that will not be reclassified to profit or loss
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			241075000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			9004000
	Adjustments for decrease (increase) in inventories			0
	Adjustments for decrease (increase) in trade receivables, current			0
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			9317000
	Adjustments for other financial assets, current			3303000
	Adjustments for other bank balances			114840000
	Adjustments for increase (decrease) in trade payables, current			-4207000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			0
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			1019000
	Adjustments for other financial liabilities, non-current			83000
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			2226000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-282305000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-151172000
	Net cash flows from (used in) operations			89903000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			89903000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			0
	Purchase of property, plant and equipment			0
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			2221000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	2221000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			39000000
	Repayments of borrowings			130675000
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-91675000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			449000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			449000
	Cash and cash equivalents cash flow statement at beginning of period			4588000
	Cash and cash equivalents cash flow statement at end of period			5037000

Audit qualification
Sr.	Details of Audit Qualification	Type of Audit Qualification	Frequency of qualification	For Audit Qualification(s) where the impact is quantified by the auditor	For Audit Qualification(s) where the impact is not quantified by the auditor
				Management's Views	(i) Management's estimation on the impact of audit qualification	(ii) If management is unable to estimate the impact, reasons for the same	Auditors' Comments on (i) or (ii) above
1	Textual Information(1)	Qualified opinion	Repetitive	Textual Information(2)	Textual Information(3)	Textual Information(4)	Textual Information(5)

Text Block
Textual Information(1)	We draw attention to Note No 3 wherein the Company had entered into Business Transfer Agreement BTA and Lenders Implementation Memorandum both dated March 29 2023 the Agreements for implementation of resolution plan as approved by the creditors to transfer the undertaking ie transfer of business with certain material assets and liabilities agreed and mentioned in said agreement on Slump Sale Basis Post execution of the above Agreements the business undertaking of the Company has been transferred to Reliance Commercial Finance Limited RCFL 100 subsidiary of Authum Investment and Infrastructure Limited the Resolution Applicant Further the Company has discontinued its housing finance activity and consequently the Company had surrendered the License certificate for housing finance business which has been approved by Reserve Bank of India on 25th January 2024 n nFurther there are certain legal cases in Courts of law against the Company, the liability including financial implication of which materialise if any cant be ascertained as on balance sheet date n nIn view of above significance of events or conditions and the business transfer the ceased operations of the Company followed by surrender of license of housing finance business and current cash flow position indicates that a material uncertainty exists to meet those substantial probable financial liabilities exposure and material uncertainty exists that may cast significant doubt on the Companys ability to continue as a going concern
Textual Information(2)	In line with this transition the Company has discontinued its housing finance activity and voluntarily surrendered its housing finance business license as approved by the Reserve Bank of India on January 25 2024 Regarding the legal matters mentioned we are closely monitoring the ongoing litigation and its potential financial implications While the exact liability or financial impact cannot be fully determined at this stage we are committed to managing these cases in accordance with legal requirements and will continue to assess and disclose any material developments as they arise nWe wish to emphasize that while these significant changes including the business transfer and discontinuation of operations have led to some uncertainties about the Company's ability to meet its future financial obligations the Board remains confident in the Company's efforts to explore strategic alternatives and engage with stakeholders to resolve these matters Management is actively working on potential solutions and is evaluating its options with the objective of protecting stakeholder value and addressing any identified risks to the Companys continued viability In conclusion while there are uncertainties about the Companys ability to continue as a going concern in light of the cessation of operations legal contingencies and liquidity challenges we are committed to implementing our resolution plan and addressing these issues to ensure the best possible outcome for all stakeholders We will continue to monitor and assess the Companys position and provide timely updates as appropriate
Textual Information(3)	We acknowledge the auditors qualification in their report regarding the accompanying Statement of Ind AS financial results The qualification is based on certain matters identified in the Basis for Qualified Conclusion section of the audit report nThe management is committed to ensuring that the financial statements of the Company are prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards (Ind AS), as specified under Section 133 of the Companies Act, 2013 as amended and in compliance with the relevant rules and accounting practices We believe that with the exception of the matters highlighted in the qualification the financial results provide a true and fair view of the financial position and performance of the Company nIn response to the auditor's concerns management has undertaken a thorough review of the identified matters and is in the process of addressing the issues raised The Company is implementing corrective measures including enhancing internal controls and improving accounting procedures to ensure full compliance with the applicable accounting standards and regulatory requirements nWe assure stakeholders that management is taking all necessary steps to resolve the issues and rectify any discrepancies We are committed to working closely with the auditors to clarify any outstanding concerns and to ensure that future financial statements are fully in compliance with all relevant standards and regulations We understand the importance of transparent and accurate financial reporting and will continue to focus on improving the quality and accuracy of our financial disclosures We will keep stakeholders informed of any material developments related to this matter
Textual Information(4)	NA
Textual Information(5)	We have reviewed the managements response to the audit qualification and we acknowledge the steps management is taking to address the identified issues While management is committed to resolving the concerns and enhancing internal controls the auditors qualification remains due to the material matters outlined in the Basis for Qualified Conclusion section. The audit qualification reflects the ongoing uncertainty or limitation in the financial reporting which management is actively working to resolve We will continue to monitor the progress and ensure that corrective actions are implemented in a timely manner to ensure future compliance with applicable accounting standards and regulations