NSEUpdates23 Jun 2026 · 23 Jun 2026, 09:15 pm
Updates
Religare Enterprises Limited · RELIGARE
✦ AI Summary▲ PositiveMgmt Change
Religare Enterprises Limited (REL) announced that the Reserve Bank of India (RBI) has approved the appointment of Mr. Srinivasan Karthik as a director of its material subsidiary, Religare Finvest Limited (RFL). This regulatory approval, received on June 23, 2026, enables Mr. Karthik to assume the role of Managing Director of RFL, in addition to his existing CEO position, subject to the approval of RFL's shareholders. This marks a significant step in formalizing key leadership for the subsidiary with regulatory endorsement.
Analysis Scores
Earnings Impact6/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact5/10
Market Sentiment7/10
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Full Announcement
Religare Enterprises Limited has informed the Exchange regarding 'General Updates w.r.t Religare Finvest Limited (a material subsidiary of REL)'.
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June 23, 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 Updates
Dear Sir(s)/Madam,
This is in reference to our earlier exchange announcement w.r.t appointment of Mr. Srinivasan
Karthik as Chief Executive officer (CEO) of Religare Finvest Limited (RFL – a material subsidiary of
REL) and his designation as Key Managerial Personnel (KMP) w.e.f. May 05, 2026. It was also
informed in the said announcement that Mr. Srinivasan Karthik, in addition to his appointment as
CEO, has been appointed as Managing Director of RFL subject prior approval of Reserve Bank of
India (RBI) and subject to approval by the shareholders of RFL.
In this regard, we would like to inform you that the pursuant to the application filed by RFL with RBI
on May 06, 2026, RBI vide its letter dated June 23, 2026 has provided its approval for the
appointment of Mr. Srinivasan Karthik as director of the company.
Accordingly, subject to the approval of shareholders of RFL, appointment of Mr. Srinivasan Karthik
(DIN: 02449770) as Managing Director, in addition to his existing role as CEO, of RFL shall become
effective from June 23, 2026.
This is for your kind information and record.
Thanking You
For Religare Enterprises Limited
Anuj Jain
Company Secretary & Compliance Officer
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