Company Profile

Dewan Housing Finance Corporation (DHFL) is currently trading at Rs. 14.50, up by 0.69 points or 5.00% from its previous closing of Rs. 13.81 on the BSE.

The scrip opened at Rs. 14.20 and has touched a high and low of Rs. 14.50 and Rs. 13.81 respectively. So far 234950 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 176.40 on 16-Apr-2019 and a 52 week low of Rs. 9.41 on 14-Feb-2020.

Last one week high and low of the scrip stood at Rs. 14.50 and Rs. 11.95 respectively. The current market cap of the company is Rs. 433.39 crore.

The promoters holding in the company stood at 39.21%, while Institutions and Non-Institutions held 9.95% and 50.84% respectively.

The other top gainers of group ‘A’ on the BSE were BASF India up by 4.12%, Bliss Gvs Pharma up by 2.05% and NLC India was up by 1.34%.

Dewan Housing Finance Corporation has informed that the Administrator (assisted by the Advisory Committee), in a meeting scheduled to be held on Thursday, 20th February, 2020 shall consider the Un-audited Standalone & Consolidated Financial Results of the Company for the third quarter/ nine month ended 31st December, 2019 along with limited review report thereon by the Statutory Auditors of the Company. The Company approved the Un-audited Standalone & Consolidated Financial Results of the Company for the second quarter/ sixth month ended 30th September, 2019 along with limited review report thereon by the Statutory Auditors of the Company on 22nd January, 2020 with delay and submitted the results on the same date. Due to the aforesaid reason there is a delay in finalization of financial results for the quarter and nine months ended 31st December 2019. Further, Trading Window for trading in the Company's equity shares shall continue to remain closed for Designated Persons till 22nd February, 2019 pursuant to the provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended and as per the DHFL Code of Conduct for Prohibition of Insider Trading formulated basis the said Regulations and other applicable Jaws, if any.

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

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dated 20th November, 2019, had intimated the stock exchanges that the Reserve Bank of India (RBI) has superseded the Board of Directors of the Company and appointed R. Subramaniakumaras the Administrator of the Company in terms of Section 45-IE of the Reserve Bank of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

The Reserve Bank of India (RBI) has sent Dewan Housing Finance Corporation (DHFL) to the bankruptcy tribunal, making it the first NBFC/HFC to be resolved under the insolvency and bankruptcy code. As per the central bank, there will an interim moratorium on the lender between the date of filing of the bankruptcy application and its admission or rejection.

DHFL is one of India’s premier housing finance companies and is among the oldest private sector Housing Finance Companies (HFC) in India. The company was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India.