Nature of Disclosure: Regulatory filing pursuant to SEBI LODR Regulation 30, detailing the outcome of a committee meeting and the allotment of equity shares from the conversion of warrants.

Key Event: The Investment, Borrowing & Share Allotment (IB&SA) Committee of the Board of Directors of Religare Enterprises Limited approved the allotment of 83,43,263 equity shares upon the conversion of an equal number of warrants. The meeting commenced at 06:04 PM and concluded at 06:25 PM on June 04, 2026.

Financial Details & Allottees: The allotment was made following the receipt of a conversion request and funds amounting to ₹147,05,00,104.25 from the allottees. This sum represents 75% of the total consideration payable for the warrants being converted. Combined with the 25% (₹49,01,66,701.42) received at the time of the original warrant allotment on September 12, 2025, the company has received 100% of the total consideration for these 83,43,263 warrants.

The specific details of the allotment to each allottee are as follows:

  • The Hindustan Times Limited: Converted 4,53,901 warrants; allotted 4,53,901 equity shares; paid ₹8,00,00,051.25; holds 10,35,460 residual warrants.
  • Akhil Dhawan: Converted 2,00,000 warrants; allotted 2,00,000 equity shares; paid ₹3,52,50,000; holds 6,51,063 residual warrants.
  • Ashish Dhawan: Converted 17,00,000 warrants; allotted 17,00,000 equity shares; paid ₹29,96,25,000; holds 36,19,148 residual warrants.
  • VIC Enterprises Private Limited: Converted 34,89,362 warrants; allotted 34,89,362 equity shares; paid ₹61,50,00,053; holds 21,84,396 residual warrants.
  • JM Financial Credit Solutions Limited: Converted 25,00,000 warrants; allotted 25,00,000 equity shares; paid ₹44,06,25,000; holds 68,61,702 residual warrants.

Capital Structure Impact: Consequent to this allotment, the issued, subscribed, and paid-up equity share capital of the company has increased from ₹3,32,89,04,790 (comprising 33,28,90,479 shares) to ₹3,41,23,37,420 (comprising 34,12,33,742 shares).

Share Characteristics: The newly issued equity shares have a face value of ₹10 each and were issued at a premium of ₹225 per share (total issue price of ₹235 per share). They are fully paid-up and will rank pari passu with the existing equity shares of the company in all respects, except for any restrictions placed under the lock-in period prescribed under the SEBI ICDR Regulations.

Regulatory Context: The original warrants were issued through a preferential allotment (private placement) following shareholder approval obtained in an Extraordinary General Meeting (EGM) held on August 08, 2025. The warrants were eligible for conversion for a period of 18 months from their date of allotment (September 12, 2025). This disclosure is made in compliance with Regulation 30 of the SEBI LODR Regulations and pursuant to SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.