Religare Broking Allots ₹100 Cr Rights Issue

Date: August 25, 2026

Religare Enterprises Limited (REL) subscribed to equity shares of its wholly-owned subsidiary Religare Broking Limited (RBL) in its rights issue, pursuant to board approval granted on August 12, 2026
The investment amounts to INR 100,00,00,020/- (Rupees Hundred Crores and Twenty Only)

RBL allotted 4,21,05,264 equity shares to REL at a price of INR 23.75 per share (face value INR 10 + premium INR 13.75)
Allotment date: August 21, 2026; intimation received by REL on August 24, 2026
The transaction constitutes a related party transaction as RBL is a material unlisted wholly owned subsidiary of REL
The investment was made at the price offered uniformly to all shareholders, making it an arm's length transaction
REL's promoters do not have any interest in RBL
Proceeds will be utilized for general business operations including scaling up margin trade financing book (MTF) and working capital requirements

Line of business: Stock Broking and Depository services
Registered with SEBI as stock broker
Operational scale: 50 branches and approximately 1100 business partners as of June 30, 2026
Customer base: 2.4 lakh active customers across age groups
Date of incorporation: July 20, 2016
Country of operations: India
Turnover history:
FY 2025-26: Rs. 315.03 crores
FY 2024-25: Rs. 325.96 crores (post Scheme of Arrangement effect)
FY 2023-24: Rs. 324.92 crores (post Scheme of Arrangement effect)
Note: FY 2023-24 and 2024-25 turnover figures reflect post-Scheme of Arrangement numbers approved by NCLT on June 13, 2025, for transfer of E-Governance undertaking from RBL to Religare Digital Solutions Limited