Transcript of earnings call held on Thursday, August 13, 2026 at 04.00 P.M. IST

August 19, 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: Transcript of earnings call held on Thursday, August 13, 2026 at 04.00 P.M. Dear Sir/Madam, With reference to the captioned subject and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed transcript of Earnings Call with investors held on Thursday, August 13, 2026 to discuss operational & financial performance of the Company for quarter ended June 30, 2026. The enclosed transcript has also been made available on the website of the Company at https://docs.religare.com/pdf/Religare_Enterprises_Limited_Q1_FY_27_13_Aug_2026.pdf. It is confirmed that aforementioned transcript does not contain any Unpublished Price Sensitive Information. This is for your kind information and record. 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 “Religare Enterprises Limited Q1 FY27 Earnings Conference Call” August 13, 2026 MANAGEMENT: MR. ARJUN LAMBA – MANAGING DIRECTOR – RELIGARE ENTERPRISES LIMITED MR. PRATUL GUPTA – CHIEF FINANCIAL OFFICER – RELIGARE ENTERPRISES LIMITED MANAGEMENT TEAM OF RELIGARE ENTERPRISES LIMITED AND ITS SUBSIDIARIES MODERATOR: MS. HANISHI SHAH – ADFACTORS PR Disclaimer: This transcript may contain transcription errors, despite an earnest effort toward accuracy. The Company accepts no responsibility or liability for any such errors. Certain factual rectifications have been made in the transcript to ensure accuracy / alignment with published presentation, in order to solely enhance clarity and not alter the substance of the discussion. Page 1 of 19 Religare Enterprises Limited August 13, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Religare Enterprises Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will remain in the listen-only mode, and there will be an opportunity for you to ask questions after the management opening remarks. Should you need assistance during the conference call, please signal the operator by pressing star then zero on your touchtone telephone. Please note that this conference is being recorded. I will now hand the conference over to Ms. Hanishi Shah from Adfactors PR. Thank you, and over to you. Hanishi Shah: Thank you, Ryan. Good day, everyone, and thank you for joining us today to discuss the Q1 FY27 business performance of Religare Enterprises and its subsidiaries. We have with us today the management of Religare Enterprises Limited and its subsidiaries. Before we proceed with this call, I would like to mention that some of the statements made in this call may be forward-looking in nature and may involve risks and uncertainties. The company undertakes no obligation to update any forward-looking statements to reflect the developments that occur after the statement is made. Documents related to company's financial performance, including investor presentation, have been uploaded on the stock exchanges and on the company's website. I now hand over the call to Mr. Pratul Gupta, Chief Financial Officer at Religare Enterprises Limited. Over to you, Pratul. Pratul Gupta: Thank you, Hanishi. Good evening, ladies and gentlemen. Welcome to our quarter one FY27 earnings conference call. Thanks for taking out time today to join this session. Before I go further, I would like to invite Mr. Arjun Lamba, our Managing Director, to give his opening remarks, after which I'll take you through the group's performance during the quarter. I'll be covering the financial services side of the business, touching upon REL, RBL, RFL and housing finance. Ambrish Jindal, my colleague at Care Health Insurance, will take you through the performance of insurance business. Over to you, Arjun. Arjun Lamba: Thank you, Pratul. Good evening to all of you on the call. I welcome you to our Q1 FY27 earnings call today. I want to begin by sharing a perspective on what Q1 FY27 represents for Religare Enterprises. This has been a quarter of deliberate measured progress for us. We are putting the house in order to build a strong foundation for the businesses. First, let's talk about the insurance business. Care has grown at 37% Y-o-Y in GWP terms. We are the second largest stand-alone health insurer in the country. We are focusing on growth and doing good at it and hope to improve our ratios in the coming quarter. We have Ajay Shah and Manish Dodeja, who are our founding members at Care and who have been elevated to the roles of MD and ED respectively, and we have Ambrish here as well.. Religare Finvest is well capitalized with a net worth of INR915-odd crores and a healthy cash balance of INR600 crores. We have Srinivasan Karthik at the helm, Karthik, a technology-first Page 2 of 19 Religare Enterprises Limited August 13, 2026 leader with three decades of financial services experience who has joined us from HDB. He is running the show, Karthik is busy building out and hiring growth to commence business in the next three to four months. The housing finance team is focusing on restoration and rebuilding its franchise. The business has a net worth of roughly INR180 crores, and we have about committed INR250 crores further capital to build this business over the next few years. Pavan Gupta has joined us as MD and CEO of Religare Housing. He was earlier CEO of Muthoot Housing Finance Limited. Pankaj Rathi, who was the CFO from Grihum Housing Finance, has joined as the CFO. So you will be hearing more about this business in the next coming quarters. In our broking business, we are busy hiring and building out under the leadership of Mr. Vijay Goel, who joined us about six months back. We are building out our tech platform. The broking business per se is on the tracks. We are building out our margin funding book and also looking to scale up our third-party product business. We hope to see productivity and efficiency gains in the near future. We continue on our journey to put the right building blocks for sustainable, profitable, scalable growth in the near future. Before I end, I would like to comment on our demerger scheme and the recent communication received from Reserve Bank of India, which is a week old. I'm sure some participants will have a question around it. We are engaging with the regulators in this matter to answer any questions that they may have. We remain committed to the cause of delivering stakeholder value via this route. We will update you as and when appropriate on this matter. I just thought I should share this with you. Now I request Pratul to take you through the specific highlights. Thank you. Pratul Gupta: Thank you, Arjun. Quarter one FY27 has been a quarter of deliberate building for us. We have completed critical leadership appointments across all four businesses. We have strengthened our capital base and each of our business has continued to do intense work of preparing itself for the next phase of growth. Let me now walk you through the investor presentation, which has been shared with you and is available in the Investor Relations section on our website as well as on the bourses. I'll be referring to this presentation as I speak about the quarter. Referring to Slide 4. While some of the audience may have seen this slide earlier, I would just like to refresh everyone's memory on [Showing first 8,000 characters — download PDF for full document]