Reliance Home Finance logo

Reliance Home Finance MD, chairman, board of directors and AGM

NSE: RHFLBSE: 540709FinanceSmall Cap

Last close ₹1.28down ₹0.06 (4.48%)BSE ₹1.29

Share price at the NSE close on 23 Oct 2026. Previous close ₹1.34.

52-week range of traded prices to 23 Oct 2026
₹1.28Low, 23 Oct 2026₹3.85High, 29 Oct 2025
Market cap
₹62 Cr2,798th largest listed
P/E
No recent results
P/B
No recent results
Dividend yield
Nonein the last 12 months
Volume, NSE
6,10,344

Reliance Home Finance board of directors

At the end of the quarter to Mar 2025, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonSushilkumar Krishna Agrawal
  • Compliance OfficerYeshudas Pol

6 directors4 independent2 non-executive

  • Sushilkumar Krishna Agrawal · ChairpersonIndependent · joined Jan 2020 · reappointed Jun 2023 · 59 months as independent · 3 listed boards · 2 as independent · 9 committee seats, 2 as chair
  • Gopala RamaratnamIndependent · joined Apr 2024 · 11 months as independent · 2 listed boards · 2 as independent · 4 committee seats
  • Ravishekhar PandeyIndependent · joined Apr 2024 · 11 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Heena Rajendra JaysinghaniIndependent · joined Apr 2024 · 11 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 1 as chair
  • Sanjay P ShindeNon-executive · joined Sep 2024 · 6 months as independent · 1 listed board · 2 committee seats
  • Nitesh ShindeNon-executive · joined Sep 2024 · 6 months as independent · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 11 Feb 20256 of 6 present4 independent
    • 12 Nov 20246 of 6 present4 independent

  • Audit Committee

    Chair Gopala Ramaratnam

    Sushilkumar Krishna Agrawal, Sanjay P Shinde

    • 11 Feb 20253 of 3 present3 independent
    • 12 Nov 20243 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Ravishekhar Pandey

    Heena Rajendra Jaysinghani, Sanjay P Shinde

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Sushilkumar Krishna Agrawal

    Gopala Ramaratnam, Sanjay P Shinde

    • 11 Feb 20253 of 3 present3 independent

  • Corporate Social Responsibility Committee

    Chair Sanjay P Shinde

    Ravishekhar Pandey, Heena Rajendra Jaysinghani

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2025.

  • TAMBI and JAIPURKAR CHARTERED ACCOUNTANTSPeer-review certificate valid to Mar 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Reliance Home Finance AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Reliance Home Finance dividend history

Postal ballot, 29 May 2024

The company's voting result (opens in a new tab)

  1. Change of Name of the Company and consequential alteration to Memorandum of Association and Articles of Association of the Company
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 2.08% · promoters 0.00% · institutions 19.95% · other public 1.73%

  2. Alteration of Main Object Clause of Memorandum of Association of the Company.
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 2.08% · promoters 0.00% · institutions 19.95% · other public 1.73%

  3. Re-appointment of Mr. Ashok Ramaswamy (DIN - 00233663) as an Independent Director.
    Special
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.25%

    Turnout: all 2.08% · promoters 0.00% · institutions 19.95% · other public 1.73%

  4. Appointment of Mr. Gopala Ramaratnam (DIN-09273100) as an Independent Director.
    Special
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 2.08% · promoters 0.00% · institutions 19.95% · other public 1.73%

  5. Appointment of Mr. Ravishekhar Pandey (DIN-10460733) as an Independent Director.
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 2.08% · promoters 0.00% · institutions 19.95% · other public 1.73%

  6. Appointment of Ms. Heena Jaysinghani (DIN-10457723) as an Independent Director.
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 2.08% · promoters 0.00% · institutions 19.95% · other public 1.73%

  7. Appointment of Mr. Yeshudas Pol as the Manager.
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 2.08% · promoters 0.00% · institutions 19.95% · other public 1.73%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2023, 2 resolutions

Present: 0 promoters and 71 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited financial statement ofnthe Company for the financial year ended March 31, 2023nand the reports of the Board of Directors and Auditorsnthereon.
    Ordinary
    96.67% for3.33% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.81%

    Turnout: all 3.09% · promoters 0.00% · institutions 19.77% · other public 2.78%

  2. To appoint a Director in place of Mr. Sudeep Ghoshaln(DIN: 09536193) (nominated by Reliance CapitalnLimited), who retires by rotation under the provisions ofnthe Companies Act, 2013 and being eligible, offers himselfnfor re-appointment.MoreLess
    Ordinary
    95.96% for4.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.61%

    Turnout: all 3.09% · promoters 0.00% · institutions 19.77% · other public 2.78%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 26 Jun 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Sushilkumar Agrawal (DIN:00400892) as an Independent Director
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.39%

    Turnout: all 48.42% · promoters 98.49% · institutions 10.62% · other public 0.26%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 25 Mar 2023, 1 resolution

Present: 1 promoter and 64 others.The company's voting result (opens in a new tab)

  1. To consider and approve the sale / disposal of asset(s) / undertaking(s) of the Company.
    Special
    99.19% for0.81% against

    Against: promoters 0.00% · institutions 100.00% · other public 1.98%

    Turnout: all 48.54% · promoters 99.76% · institutions 10.29% · other public 0.51%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Jun 2022, 3 resolutions

Present: 1 promoter and 194 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2022 and the reports of the Board of Directors and Auditors thereon.tttt
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 24.70%

    Turnout: all 48.40% · promoters 97.95% · institutions 10.29% · other public 0.23%

  2. To appoint Mr. Ashish Turakhia (DIN:02601110) as a Director, liable to retire by rotation.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 25.55%

    Turnout: all 48.40% · promoters 97.95% · institutions 10.29% · other public 0.23%

  3. To appoint Mr. Sudeep Ghoshal (DIN: 09536193) as a Directortttt
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 25.28%

    Turnout: all 48.40% · promoters 97.95% · institutions 10.29% · other public 0.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 14 Sep 2021, 4 resolutions

Present: 10 promoters and 262 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2021 and the reports of the Board of Directors and Auditors thereon.
    Ordinary
    99.23% for0.77% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.67%

    Turnout: all 50.37% · promoters 100.00% · institutions 9.76% · other public 0.88%

  2. To appoint Mr. Sunil Wadikar (DIN:07238445), as a Director of the Company, liable to retire by rotation under the provisions of the Companies Act, 2013.
    Ordinary
    99.18% for0.82% against

    Against: promoters 0.00% · institutions 100.00% · other public 5.91%

    Turnout: all 50.37% · promoters 100.00% · institutions 9.76% · other public 0.88%

  3. To appoint Auditors and to fix their remuneration
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.30%

    Turnout: all 50.37% · promoters 100.00% · institutions 9.76% · other public 0.88%

  4. To appoint Mr. Ashish Turakhia (DIN: 02601110) as a Director
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.67%

    Turnout: all 50.37% · promoters 100.00% · institutions 9.76% · other public 0.88%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 23 Jun 2020, 4 resolutions

Present: 3 promoters and 392 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2020 and the reports of the Board of Directors and Auditors thereon.
    Ordinary
    99.25% for0.75% against

    Against: promoters 0.00% · institutions 18.96% · other public 1.16%

    Turnout: all 51.73% · promoters 100.00% · institutions 37.26% · other public 0.26%

  2. To appoint Mr. Sunil Wadikar (DIN:07238445), as a Director of the Company, liable to retire by rotation under the provisions of the Companies Act, 2013.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.27%

    Turnout: all 53.48% · promoters 100.00% · institutions 69.24% · other public 0.26%

  3. Appointment of Mr. Sushilkumar Agrawal as an Independent Director
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.42%

    Turnout: all 53.48% · promoters 100.00% · institutions 69.24% · other public 0.26%

  4. Appointment of Mr. Ashok Karnavat as an Independent Director
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.43%

    Turnout: all 53.48% · promoters 100.00% · institutions 69.24% · other public 0.26%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2019, 11 resolutions

Present: 6 promoters and 452 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2019 and the reports of the Board of Directors and Auditors thereon.
    Ordinary
    97.50% for2.50% against

    Against: promoters 0.00% · institutions 98.19% · other public 11.52%

    Turnout: all 75.02% · promoters 100.00% · institutions 25.35% · other public 0.06%

  2. To appoint a Director in place of Mr. Amit Bapna, who retires bynrotation under the provisions of the Companies Act, 2013 and beingneligible, offers himself for re-appointment.
    Ordinary
    97.45% for2.55% against

    Against: promoters 0.00% · institutions 54.20% · other public 18.52%

    Turnout: all 76.71% · promoters 100.00% · institutions 47.76% · other public 0.06%

  3. To approve, confirm and ratify the appointment of Auditors to fill the casual vacancy.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 16.57%

    Turnout: all 76.71% · promoters 100.00% · institutions 47.76% · other public 0.06%

  4. To appoint Auditors and to fix their remuneration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 16.57%

    Turnout: all 76.71% · promoters 100.00% · institutions 47.76% · other public 0.06%

  5. Appointment of Ms. Chhaya Virani as an Independent Director.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.20% · other public 22.73%

    Turnout: all 76.71% · promoters 100.00% · institutions 47.76% · other public 0.06%

  6. Appointment of Ms. Rashna Khan as an Independent Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.87%

    Turnout: all 76.71% · promoters 100.00% · institutions 47.76% · other public 0.06%

  7. Appointment of Mr. Ashok Ramaswamy as an Independent Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.34%

    Turnout: all 76.71% · promoters 100.00% · institutions 47.76% · other public 0.06%

  8. Re-appointment of Mr. Ravindra Sudhalkar as an Executive Director.
    Special
    97.85% for2.15% against

    Against: promoters 0.00% · institutions 45.80% · other public 22.69%

    Turnout: all 76.71% · promoters 100.00% · institutions 47.76% · other public 0.06%

  9. Alteration of Memorandum of Association
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 62.00%

    Turnout: all 76.71% · promoters 100.00% · institutions 47.76% · other public 0.06%

  10. Issue of equity shares by conversion of debt.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 57.45%

    Turnout: all 76.71% · promoters 100.00% · institutions 47.76% · other public 0.06%

  11. Private Placement of Non-Convertible Debentures and/ornother Debt Securities for refinancing of existing debt.
    Special
    97.96% for2.04% against

    Against: promoters 0.00% · institutions 43.47% · other public 16.83%

    Turnout: all 76.71% · promoters 100.00% · institutions 47.76% · other public 0.06%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 13 May 2022, 1 fund house

  • 1) Consideration and Approval of the Resolution Plan for Reliance Home Finance Limited alongwith the Distribution Mechanism approved by ICA lenders on 19th June, 2021.
    1 for0 against

Mutual fund votes, meeting of 23 Jun 2020, 1 fund house

  • To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2020 and the reports of the Board of Directors and Auditors thereon.
    1 for0 against
  • To appoint Mr. Sunil Wadikar (DIN:07238445), as a Director of the Company, liable to retire by rotation under the provisions of the Companies Act, 2013.
    1 for0 against
  • Appointment of Mr. Sushilkumar Agrawal as an Independent Director
    1 for0 against
  • Appointment of Mr. Ashok Karnavat as an Independent Director
    1 for0 against
3 earlier meetings

Mutual fund votes, meeting of 14 Jan 2020, 1 fund house

  • 1) Constitution of a Committee of Debenture Holders.
    Against SBI Mutual Fund
    • SBI Mutual FundIDBI Trusteeship Services Ltd has already called a meeting of all Debenture holders in the public issue and passed a resolution, calling an Event of Default and accelerating the dues. Hence the meeting to Constitute a committee of Debenture Holders is redundant. The proposal appears to call a meeting of all Debenture holders under various DTDs. There is no provision for the same under the DTD to which schemes of SBI Mutual Fund have subscribed.
    0 for1 against

Mutual fund votes, meeting of 14 Nov 2019, 1 fund house

  • 1) Non-Maintenance of Debenture Redemption Reserve by Reliance Home Finance Limited (RHFL) in relation to Debentures. 2) Disposal of the Security provided by RHFL and Reliance Capital Limited (RCL). 3) Non-maintenance of Security Cover as required under the laws and Debenture Trust Deed (DTD). 4) Payment defaults committed by RHFL in relation to their other credit facilities. 5) Deliberate concealment of certain related party transactions. 6) Resignation of PwC as Statutory Auditors and allegations of diversion of funds. 7) Gradual dilution of the promoter shareholding in RCL. 8) Credit rating downgrade of the Debentures. 9) Event of Default in terms of the DTD. 10) Enforcement of security provided for the Debentures. 11) Obtaining Quarterly Minimum Security Cover Certificate from the Statutory Auditors instead of the Practicing Chartered Accountant.MoreLess
    1 for0 against

Mutual fund votes, meeting of 30 Sep 2019, 1 fund house

  • To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2019 and the reports of the Board of Directors and Auditors thereon.
    0 for0 against

    1 abstained

  • To appoint a Director in place of Mr. Amit Bapna, who retires bynrotation under the provisions of the Companies Act, 2013 and beingneligible, offers himself for re-appointment.
    1 for0 against
  • To approve, confirm and ratify the appointment of Auditors to fill the casual vacancy.
    1 for0 against
  • To appoint Auditors and to fix their remuneration
    1 for0 against
  • Appointment of Ms. Chhaya Virani as an Independent Director.
    1 for0 against
  • Appointment of Ms. Rashna Khan as an Independent Director.
    1 for0 against
  • Appointment of Mr. Ashok Ramaswamy as an Independent Director.
    1 for0 against
  • Re-appointment of Mr. Ravindra Sudhalkar as an Executive Director.
    Against Aditya Birla Sun Life Mutual Fund
    • Aditya Birla Sun Life Mutual FundRavindra Sudhalkar’s remuneration for FY19 at Rs 94. 9 mn (incl. Commission and fair value of ESOPs, FY18 – Rs 59. 3 mn) is high, although the ESOPs granted at a price ranging between Rs 51. 0 – Rs 61. 0 during FY19 are currently out of the money. The company has defaulted under his watch and the auditors have resigned, without submitting an opinion. His maximum proposed remuneration in FY21 estimated at Rs 210. 0 mn, is very high given the performance of the company. Further, the company has not disclosed the quantum of ESOPs that will be granted to him nor capped the absolute value of the grant.
    0 for1 against
  • Alteration of Memorandum of Association
    1 for0 against
  • Issue of equity shares by conversion of debt.
    1 for0 against
  • Private Placement of Non-Convertible Debentures and/ornother Debt Securities for refinancing of existing debt.
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines

Reported in the filing for the quarter to Mar 2025.

  • Fine or penaltyBombay Stock ExchangeSince 17 May 2024

    Adjudication Order (AO) dated May 17, 2024

    The Securities and Exchange Board of India (“SEBI”) has issued an Adjudication Order (AO) dated May 17, 2024 (received through e-mail from SEBI on May 24, 2024) under Section 15-I of the SEBI Act, 1992, read with Rule 5 of SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 against the Company imposing penalty of Rs. 8 lakh for violation of provisions of Regulations 4(1)(d), 4(1)(e), Regulation 30(1), 30(2), 30(6) read with 30(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with clause 2 of Listing Agreement. The Company had paid the penalty amount on June 28, 2024. 7. SEBI issued a Final Order dated August 22, 2024, under Sections 11(1), 11(4), 11(4A), 11B(1), and 11B(2) of the Securities and Exchange Board of India Act, 1992 (“SEBI Act”), against the Company, its individual promoter, and the then Key Managerial Personnel (collectively referred to as the “Noticees”). The order imposed a penalty of ₹6 lakhs and prohibited the Noticees from buying, selling, or dealing in securities, either directly or indirectly, until further notice. Additionally, the individual Noticees were restrained from associating with any SEBI-registered intermediary, any listed public company, or serving as a director or promoter of any public company intending to raise funds from the public, until further notice. The Company subsequently filed an appeal with the Securities Appellate Tribunal (“SAT”). SAT granted a stay on the SEBI order, subject to the condition that 50% of the penalty amount be deposited with the tribunal. The Company has complied with this requirement by depositing the specified amountMoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
No
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.