Update about appointment in subsidiary

October 06, 2026 The National Stock Exchange of India Ltd BSE Limited Corporate Communications Department Corporate Services Department “Exchange Plaza”, 5th Floor, Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400051 Mumbai – 400001 Scrip Symbol: RELIGARE Scrip Code: 532915 Subject: General Update Dear Sir(s), We would like to inform that the Board of Directors of Religare Finvest Limited (“RFL”), a material subsidiary of Religare Enterprises Limited (“the Company”) has approved the appointment of Mr. Gaurav Sharma as Chief Technology Officer (“CTO”) of RFL w.e.f October 06, 2026. The additional details pursuant to above appointment are enclosed herewith and marked as Annexure - 1. This is for your kind information and record. Thanking You For Religare Enterprises Limited Babu Rao P. Group General Counsel & Group Chief Compliance Officer Encl: As above Religare Enterprises Limited CIN: L74899DL1984PLC146935 Registered Office: First Floor, Office No. 101, 2E/23, Jhandewalan Extn., New Delhi – 110055 Phone No.: +91-11- 4167 9692 Corporate Office: 1st Floor, Tower A, Club 125, Plot A-3,4, 5, Sector -125, Noida – 201301, Uttar Pradesh Phone No.: +91-120- 4384 941 www.religare.com / investorservices@religare.com Annexure -1 Additional Details S. No. Particulars Details Name of Person Mr. Gaurav Sharma 1 Reason for Change viz. Appointment appointment, re- appointment, resignation, removal, death or otherwise 2 Date of Effective date of Appointment: October 06, 2026 Appointment/re- appointment Term of Appointment: Full Time appointment /cessation (as applicable) and term of appointment/re- appointment 3 Brief Profile (in case of Gaurav Sharma brings close to 30 years of experience at the appointment) intersection of financial services and technology, making him one of the strongest CTO candidates for a modern NBFC. Over the course of his career, he has led large-scale digital transformation programs across lending, insurance, capital markets and banking, with deep expertise in enterprise technology modernization, analytics, AI-led transformation and scalable operating models. Before joining RFL, he was serving as Chief Technology Officer at IIFL Finance Group since July 2022, Gaurav leads the group-wide mandate across Technology, Digital and Analytics for IIFL Finance, IIFL Securities and 5paisa. During his tenure, he has been instrumental in re-platforming the lending stack, modernising infrastructure architecture and building an Analytics & AI Centre of Excellence anchored on unified data and GenAI capabilities. Under his leadership, the organisation has transitioned toward Kubernetes-led infrastructure, DevOps-driven operations and open-source ecosystems, while simultaneously reshaping technology talent capability and innovation culture through a dedicated Bangalore innovation centre. Prior to IIFL, Gaurav served as Group CTO at Poonawalla Fincorp (September 2021 - February 2022), where he led technology, digital and analytics functions across NBFC, HFC and insurance businesses. One of his key contributions was institutionalising fintech and co- lending partnerships, including with YUBI, helping accelerate sourcing and balance sheet velocity for the organisation. At L&T Financial Services (June 2018 – August 2021), Gaurav drove a multi-year enterprise transformation agenda across lending and corporate technology platforms. His work included LMS consolidation across multiple businesses, Salesforce-led loan origination transformation, enterprise data warehousing on GCP, complete data centre migration to cloud infrastructure and implementation of SAP HANA-based finance systems. He also led large-scale operational transformation initiatives including HRMS modernisation and SD- WAN-enabled branch connectivity. Religare Enterprises Limited CIN: L74899DL1984PLC146935 Registered Office: First Floor, Office No. 101, 2E/23, Jhandewalan Extn., New Delhi – 110055 Phone No.: +91-11- 4167 9692 Corporate Office: 1st Floor, Tower A, Club 125, Plot A-3,4, 5, Sector -125, Noida – 201301, Uttar Pradesh Phone No.: +91-120- 4384 941 www.religare.com / investorservices@religare.com 4 Disclosure of Not Applicable relationships between directors (in case of appointment of a Director) Religare Enterprises Limited CIN: L74899DL1984PLC146935 Registered Office: First Floor, Office No. 101, 2E/23, Jhandewalan Extn., New Delhi – 110055 Phone No.: +91-11- 4167 9692 Corporate Office: 1st Floor, Tower A, Club 125, Plot A-3,4, 5, Sector -125, Noida – 201301, Uttar Pradesh Phone No.: +91-120- 4384 941 www.religare.com / investorservices@religare.com