This disclosure provides a regulatory update regarding management appointments at Religare Finvest Limited (RFL), a material subsidiary of Religare Enterprises Limited.
The announcement references a prior exchange communication regarding the appointment of Mr. Srinivasan Karthik (DIN: 02449770) as Chief Executive Officer (CEO) of Religare Finvest Limited and his designation as a Key Managerial Personnel (KMP), effective from May 5, 2026. That announcement also stated that Mr. Karthik had been appointed as Managing Director of RFL, subject to prior approval from the Reserve Bank of India (RBI) and subsequent approval from the shareholders of RFL.
Pursuant to an application filed by RFL with the RBI on May 6, 2026, the RBI has provided its approval for the appointment of Mr. Srinivasan Karthik as a director of the company. This approval was granted via a letter dated June 23, 2026.
Accordingly, subject to the approval of the shareholders of RFL, the appointment of Mr. Srinivasan Karthik as Managing Director of RFL, in addition to his existing role as CEO, shall become effective from June 23, 2026.
The disclosure is signed by Anuj Jain, Company Secretary & Compliance Officer of Religare Enterprises Limited.