RHFL2025-01-012025-03-31RHFL2025-03-31RHFL2024-03-31RHFL2024-04-012025-03-31RHFL2025-01-012025-03-31in-capmkt:OtherExpenses1MemberRHFL2024-04-012025-03-31in-capmkt:OtherExpenses1MemberRHFL2025-01-012025-03-31RelatedPartyTransactionDomain1RHFL2024-12-31RelatedPartyTransactionDomain1RHFL2025-03-31RelatedPartyTransactionDomain1RHFL2025-01-012025-03-31RelatedPartyTransactionDomain2RHFL2024-12-31RelatedPartyTransactionDomain2RHFL2025-03-31RelatedPartyTransactionDomain2RHFL2025-01-012025-03-31RelatedPartyTransactionDomain3RHFL2024-12-31RelatedPartyTransactionDomain3RHFL2025-03-31RelatedPartyTransactionDomain3RHFL2025-01-012025-03-31RelatedPartyTransactionDomain4RHFL2024-12-31RelatedPartyTransactionDomain4RHFL2025-03-31RelatedPartyTransactionDomain4RHFL2025-01-012025-03-31RelatedPartyTransactionDomain5RHFL2024-12-31RelatedPartyTransactionDomain5RHFL2025-03-31RelatedPartyTransactionDomain5RHFL2025-01-012025-03-31AuditorDomain1RHFL2025-01-012025-03-31in-capmkt:AuditedMemberRHFL2025-03-31in-capmkt:AuditedMemberRHFL2025-01-012025-03-31in-capmkt:AdjustedMemberRHFL2025-03-31in-capmkt:AdjustedMemberRHFL2025-01-012025-03-31AuditQualification1iso4217:INRxbrli:pureiso4217:INRxbrli:shares540709RHFLNOTLISTEDINE217K01011Reliance Home Finance LimitedMain BoardEquity2024-04-012025-03-312025-05-222025-05-19INRLakhsQuarterlyFourth quarterSingle segmentHOME FINANCE2025-05-2215:30:002025-05-2218:40:00trueCash Flow IndirectStatement on impact of audit qualificationtruetrueNANAfalsetrue2025-02-11www.reliancehomefinance.comfalsefalseNA2025-01-012025-03-31AuditedStandalone190000190000003770001612000049110006900000-68810000-68810000000-68810000000-68810000-6881000485058800010-0.01-0.0100-0.01-0.01-0.00992024-04-012025-03-31AuditedStandalone2226000022260000002461000900400003199100043456000-412300002823050002410750000-660000-66000002417350000000241735000024173500048505880001000.50.5000.50.5-0.0099OTHER EXPENSES4911000OTHER EXPENSES319910000000000000084590008459000022200086810000005037000209600005000713800000713800000158190004850588000-5380668000-530080000-5300800009238800000018300092571000000142968000235539000000031036000031036000003103600005458990001581900090040000000093170003303000114840000-42070000000000101900083000002226000000-282305000000-15117200089903000000008990300000000000000000000000000000002221000002221000000000003900000013067500000000-91675000449000044900045880005037000Reliance Home Finance Limited******Sushilkumar Krishna Agrawal******Non-Executive - Independent DirectorAny other transactionSitting feeNA200000Reliance Home Finance Limited******Gopala Ramaratnam******Non-Executive - Independent DirectorAny other transactionSitting feeNA200000Reliance Home Finance Limited******Ravishekhar Pandey******Non-Executive - Independent DirectorAny other transactionSitting feeNA200000Reliance Home Finance Limited******Heena Rajendra Jaysinghani******Non-Executive - Independent DirectorAny other transactionSitting feeNA200000Reliance Home Finance Limited******Sanjay P Shinde******Non-Executive -Non Independent DirectorAny other transactionSitting feeNA20000010000AuditedQualified opinionTAMBI and JAIPURKAR CHARTERED ACCOUNTANTStrue2027-03-31190001900069010006901000-6882000-6882000-0.01-0.011581900015819000545899000545899000-530080000-530080000We 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 <br></br> <br></br> Further 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 <br></br> <br></br> In 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 concernQualified opinionRepetitiveIn 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 <br></br> We 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 appropriateWe 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 <br></br> The 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 <br></br> In 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 <br></br> We 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 matterNAWe 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 regulationsYeshudas Sakharam PolResignedSanjay ShindeTAMBI And JAIPURKARNAMUMBAI2025-05-22