Date: September 18, 2026

Board Meeting Outcomes

  • Care Health Insurance Limited (CHIL), a material subsidiary of Religare Enterprises Limited, has allotted 10,000 Debentures aggregating to ₹100 Crore (Rupees One Hundred Crore).
  • The Debentures are unsecured, subordinated, listed, taxable, rated, redeemable, non-cumulative, non-convertible debentures in the nature of 'Subordinated Debt'.
  • Each debenture has a face value of ₹1,00,000 (Rupees One Lakh).
  • The debentures were issued for cash, at par, in dematerialized form.
  • The debentures will be listed on the Debt Segment of National Stock Exchange of India Limited with effect from September 22, 2026.

Financial Results

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

KMP / Board / Auditor Changes

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Debenture Details (Annexure A):

  • Issuer: Care Health Insurance Limited
  • Type of Securities: Listed, unsecured, subordinated, rated, redeemable, taxable, non-cumulative, non-convertible debentures in the nature of 'Subordinated Debt' in accordance with IRDAI Laws and SEBI NCS Regulations
  • Type of Issuance: Non-convertible debentures in the nature of subordinated debt instruments, on a private placement basis
  • Size of Issue: ₹100,00,00,000 (Rupees One Hundred Crore)
  • Listing: Yes, on National Stock Exchange of India Limited
  • Tenure: 10 (Ten) years from the deemed date of allotment (18 September, 2026), subject to exercise of any call option by the Company at the end of 5 (Five) years and every year thereafter
  • Maturity Date: 18 September, 2036, subject to exercise of any Call Option by the Company
  • Coupon Rate: 10% per annum
  • Interest Payment: Annually, subject to specific conditions:
  • Interest shall be charged to the profit and loss account of the Issuer
  • Issuer shall not be liable to pay Interest if prohibited by IRDAI Laws
  • Prior IRDAI approval required for interest payment if: (a) may result in net loss or increase in net loss; (b) solvency margin below Control Level of Solvency; or (c) would result in Control Level of Solvency falling below regulatory requirements
  • Interest is non-cumulative (missed interest will not be paid in future)
  • Payment of interest subject to IRDAI Laws at all times
  • Security: Not applicable
  • Special Rights: Not applicable
  • Delay in Payment: Not applicable