Religare Enterprises announced key leadership appointments following a board meeting held on March 30, 2026. The company's Board of Directors approved the appointment of Mr. Arjun Lamba as Executive Director and designated Mr. Rajender Mohan Malla as Non-Executive Chairperson, marking significant changes in the company's leadership structure.

Executive Director Appointment

The board approved Mr. Arjun Lamba's appointment as Whole Time Director, designated as Executive Director, for a five-year term effective from April 01, 2026. The appointment follows the recommendation of the Nomination & Remuneration Committee and remains subject to shareholder approval.

Leadership Profile

Mr. Arjun Lamba brings extensive experience to his new role as founder of Guardian Advisors Private Limited, a SEBI-registered Portfolio Management Services firm established in 2005. With over 23 years of experience in India's capital markets, he has developed deep expertise in equity investing and portfolio management.

Key aspects of his professional background include:

• Industry Experience: Guardian Advisors is among the oldest PMS providers in India, focusing on high-net-worth individuals and corporates in Indian public equity markets
• M&A Expertise: Extensive experience in mergers and acquisitions, playing critical roles in acquisitions of Eveready Industries and Religare Enterprises for the Burman Family
• Board Positions: Currently serves on multiple boards including Eveready Industries India Limited (since September 2022), KPH Dream Cricket Pvt. Ltd. (IPL team Punjab Kings owner), and various Religare group companies
• Education: Holds a BBA degree from École Les Roches, Switzerland

Chairperson Designation

The board also approved the appointment of Mr. Rajender Mohan Malla, currently a Non-Executive & Independent Director, as Non-Executive Chairperson. His tenure as Chairperson will run from April 01, 2026 to June 30, 2026.

Regulatory Compliance

The appointments were disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 03:30 p.m. and concluded at 04:20 p.m. on March 30, 2026.

Mr. Lamba is confirmed to be not debarred from accessing capital markets and not restrained from holding directorial positions in listed companies by SEBI or any other regulatory authority. The company has provided complete disclosure details as prescribed under the SEBI Listing Regulations.

Religare Enterprises Limited's promoter group has strengthened its stake in the company through a significant open market acquisition. The promoters and persons acting in concert (PAC) acquired 83.33 lakh equity shares between March 18-27, 2026, as disclosed in their regulatory filing under SEBI takeover regulations.

Acquisition Details

The share acquisition was executed by two entities from the promoter group:

The acquisition represents 2.11% of the company's total share capital and 1.77% of the diluted share capital, demonstrating the promoters' confidence in the company's prospects.

Promoter Group Holdings

The promoter group consists of multiple entities with varying shareholdings. Prior to this acquisition, the combined promoter and PAC holding stood at 30.84% of diluted share capital.

Current Shareholding Pattern

Capital Structure Overview

Religare Enterprises maintains a substantial capital base with multiple components:

Post-Acquisition Impact

Following the completion of this acquisition, the total promoter and PAC holding has increased to 32.94% of the diluted share capital from 30.84%. This represents an increase of 2.10 percentage points in their combined stake. The acquisition demonstrates the promoter group's commitment to maintaining and strengthening their control in the company.

The transaction was completed through open market purchases over a 10-day period, indicating a systematic approach to the stake building exercise. All regulatory disclosures have been filed with BSE Limited and National Stock Exchange of India Limited in compliance with SEBI takeover regulations.