Reliance Home Finance Limited (RHFL), a company currently undergoing Corporate Insolvency Resolution Process (CIRP), has taken a significant step in its restructuring journey. The company held its inaugural Committee of Creditors (CoC) meeting on October 15, 2025, marking a crucial development in its insolvency proceedings.

Key Meeting Details

The meeting, which took place at 5:00 PM, was conducted under the supervision of Interim Resolution Professional (IRP) Umesh Balaram Sonkar. This gathering comes less than a month after RHFL initiated its CIRP on September 20, 2025, highlighting the swift progress in addressing the company's financial challenges.

Regulatory Compliance

In adherence to regulatory requirements, RHFL has duly informed both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) about this development. The company's shares are listed on these exchanges under the following details:

Insolvency Process Overview

The Corporate Insolvency Resolution Process is a structured approach designed to address the financial distress of companies. It involves several key steps:

1. Appointment of an Interim Resolution Professional
2. Formation of the Committee of Creditors
3. Assessment of the company's financial position
4. Exploration of potential resolution plans

The first CoC meeting is a critical milestone in this process, as it brings together the company's creditors to discuss and decide on the path forward for resolving the company's financial difficulties.

Looking Ahead

While the specifics of the meeting's proceedings have not been disclosed, the convening of the first CoC meeting signifies that RHFL's insolvency process is progressing as per the established legal framework. Stakeholders, including shareholders and creditors, will be keenly watching for further developments as the company navigates through this challenging period.

As the CIRP unfolds, subsequent meetings and decisions of the CoC will play a crucial role in determining the future course of Reliance Home Finance Limited. The company's ability to formulate and implement an effective resolution plan will be pivotal in addressing its financial challenges and potentially charting a path towards recovery.

Reliance Home Finance Limited (RHFL) is set to hold its inaugural Committee of Creditors (CoC) meeting on October 15, 2025, at 5:00 PM via video conferencing, marking a significant step in its ongoing Corporate Insolvency Resolution Process (CIRP). This development comes after the CIRP commenced on September 16, 2025, as disclosed by Interim Resolution Professional Umesh Balaram Sonkar.

Creditor Claims and Admissions

The Interim Resolution Professional has released a comprehensive list of creditors, revealing the following key details:

Major Admitted Creditors

The two primary admitted creditors are:

Insolvency Process Details

• CIRP Commencement Date: September 16, 2025
• First CoC Meeting Date: October 15, 2025
• Meeting Time: 5:00 PM (IST)
• Mode: Video Conferencing

Regulatory Compliance

Reliance Home Finance has duly informed the stock exchanges about the scheduled CoC meeting, adhering to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure aligns with the company's commitment to transparency during the insolvency resolution process.

The company's inability to upload the list of creditors on its website due to maintenance issues has been noted. However, to ensure compliance with Section 13(2)(c) of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, the list has been provided to the stock exchanges.

As the insolvency process unfolds, stakeholders will be keenly watching the outcomes of this first CoC meeting, which could potentially shape the future direction of Reliance Home Finance Limited's resolution process.