Dewan Housing Finance Corporation informs about unaudited financial results

Piramal Finance Ltd. | Finance - Housing | BFSI | BSE: 544597 | NSE: PIRAMALFIN

23 Jan 2020 Evaluate

Dewan Housing Finance Corporation, vide letter bearing no. DHFL/CSD/2019-20/1729 dated 20th November, 2019, had intimated the stock exchanges that the Reserve Bank of India (RBI) has superseded the Board of Directors of the Company and appointed R. Subramaniakumaras the Administrator of the Company in terms of Section 45-IE of the Reserve Bank of India Act, 1934 (RBI Act). In continuation thereof vide letter No. DHFL/CSD/2019-20/1732 dated 22nd November, 2019, the Company had intimated the stock exchanges that RBI, in exercise of powers conferred under section 45 IE 5(a) of the RBI Act, has constituted a three member Advisory Committee to assist the Administrator of the Company in discharge of his duties. Further, the Company through letter bearing no: DHFL/CSD/2019-20/1741 dated 3rd December 2019, had intimated that, pursuant to an order dated 3rd December, 2019 of the '\ National Company Law Tribunal, Mumbai Bench (NCLT), Corporate Insolvency Resolution Process (CIRP) has been initiated against the Company as per the provisions of the Insolvency and Bankruptcy Code, 2016 (Code). Pursuant to the above, the Company now informed that the Administrator (assisted by the Advisory Committee), at the Advisory Committee Meeting held on 22nd January, 2020, which commenced at 5 p.m. and concluded at 11.55 p.m., have considered and taken on record the Ind-AS Un-audited Financial Results (Standalone & Consolidated) of the Company for the second quarter/ half year ended 30th September, 2019 along with notes thereto and along with the Limited Review Report thereon furnished by the Statutory Auditors of the Company, as per Regulation 33 of the SEBI Listing Regulations and in compliance with the Indian Accounting Standards as per the provisions of the Companies (Indian Accounting Standards) Rules, 2015 (the Rules) and other applicable laws. The copies of the said Ind-AS Un-audited Financial Results (Standalone & Consolidated) for the second quarter/ half year ended 30th September, 2019 along with notes thereto and along with the Limited Review Report thereon are enclosed herewith.

The above information is a part of company’s filings submitted to BSE

Piramal Finance Share Price

2170.90 16.50 (0.77%)

15-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
LIC Housing Finance	550.15
Piramal Finance	2170.90
Bajaj Housing Fin.	87.47
Housing & Urban Dev.	205.00
PNB Housing Finance	1104.40
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