Religare Enterprises Limited has announced significant leadership changes at its material subsidiary Care Health Insurance Limited (CHIL), with both the conclusion of current leadership tenure and strategic succession planning taking shape.

Current CEO Tenure Concludes

The company has formally disclosed that the tenure of Mr. Anuj Gulati as Managing Director & CEO of CHIL has ended with effect from the close of business hours on April 25, 2026. The announcement was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors and Management have placed on record their appreciation of Mr. Gulati's invaluable contribution during his tenure. His entrepreneurial vision and leadership acumen were instrumental in building CHIL from the ground up into a credible institution and the second largest company in the standalone health insurance segment.

Incoming Leadership Appointments

The company has secured regulatory approvals for two key executive positions to lead CHIL forward, with appointments effective April 26, 2026. The appointments received formal approval from CHIL's Board of Directors during their meeting held on November 11, 2025, following recommendations from the Nomination & Remuneration Committee.

New Leadership Expertise

Mr. Ajay Kumar Shah brings over 30 years of extensive experience across the Insurance and Financial Services sectors to his new role as Managing Director & CEO. His association with CHIL spans 14 years, during which he has played a pivotal role in establishing the company's Services Division. Currently serving as Chief Business Officer of CHIL, Mr. Shah has successfully led the company's Business Verticals for 10 years, during which CHIL's Gross Written Premium (GWP) has grown more than thirtyfold.

Mr. Manish Vishnu Dodeja, appointed as Whole-time Director (Executive Director), brings over 21 years of experience in handling Claims, Underwriting, Product, Risk, Reinsurance, Operations, Finance, Customer Service, and Technology. He has been an integral part of CHIL for the past 15 years and currently works as Chief Operating Officer managing all Services.

Both appointments form part of CHIL's internal succession plan and represent strategic leadership transitions within the material subsidiary. The appointments are subject to approval from the shareholders of Religare Enterprises Limited, ensuring proper governance protocols are maintained throughout the transition process.

Religare enterprises has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The filing demonstrates the company's adherence to regulatory requirements governing depositories and participants.

Compliance Certificate Details

The compliance certificate was issued by KFin Technologies Limited, serving as the Registrar and Transfer Agent for Religare Enterprises Limited. The certificate, dated April 06, 2026, specifically addresses requirements under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Key Compliance Status

According to the certificate, no requests for dematerialisation of securities were received during the quarter ended March 31, 2026. This absence of dematerialisation requests renders the specific compliance requirements under Regulation 74(5) not applicable for the said quarter.

The regulation typically requires that upon receipt of dematerialisation requests, the company or RTA must:

• Send confirmation to the Depository within 15 days
• Verify that securities are listed on appropriate stock exchanges
• Ensure proper mutilation and cancellation of security certificates
• Substitute the Depository as registered owner in company records

Regulatory Communication

The company formally communicated this compliance status to both major stock exchanges on April 16, 2026. The filing was addressed to:

• The National Stock Exchange of India Ltd (Corporate Communications Department)
• BSE Limited (Department of Corporate Services)

Anuj Jain, Company Secretary & Compliance Officer, signed the communication digitally, ensuring proper authentication of the regulatory filing. The submission maintains transparency with stakeholders regarding the company's compliance with SEBI depositories regulations.