Religare Enterprises Limited Regulatory Compliance Clarification
Date and Nature of Exchange Query
On May 28, 2026, Religare Enterprises Limited received a query from The National Stock Exchange of India Ltd and BSE Limited regarding discrepancies in their financial results submission for the quarter and year ended March 31, 2026. The specific query noted: "Financial results submitted in XBRL with discrepancies - 'audited' mentioned for quarterly figures in standalone and consolidated financial results in XBRL."
Company's Clarification on Financial Results
Religare clarified that while their Statutory Auditors had carried out an audit of the financial results for the full financial year 2025-26 (FY 2025-26), the figures for the quarter ended March 31, 2026, were actually un-audited. The company explained that these quarterly figures were derived as balancing figures between the audited financial results for the year ended March 31, 2026, and the previously published year-to-date figures for the nine months ended December 31, 2025. The selection of the "audited" option in the XBRL form for the quarterly data was done inadvertently.
Regulatory Compliance and Corrective Action
The company confirmed it is undertaking necessary steps to file a revised XBRL form specifically for the quarter ended March 31, 2026, to correct the error. Religare further assured the exchanges that "the highest level of diligence shall be maintained while making submissions with the stock exchanges in future."