Religare Enterprises Limited convened its Extra Ordinary General Meeting (EGM) on May 05, 2026 at 11:00 A.M. (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting was held in compliance with General Circular No. 03/2025 dated September 22, 2025 issued by the Ministry of Corporate Affairs (MCA), SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 03, 2024, and applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The EGM was convened pursuant to the EGM Notice dated March 30, 2026, in continuation of an earlier announcement dated April 10, 2026. Pursuant to Regulation 44 of the SEBI Listing Regulations read with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014, voting results along with the Scrutinizer's report are to be submitted in due course.

Meeting Proceedings and Chairperson

Mr. Rajender Mohan Malla, Independent Director and Non-Executive Chairperson of the Company, presided over the meeting. The requisite quorum was confirmed present, following which the Chairperson called the meeting to order. In accordance with the Secretarial Standards on General Meetings (SS-II) issued by the Institute of Company Secretaries of India (ICSI), the proceedings were deemed to be conducted at Max House, 8th Floor, Block A, Dr. Jha Marg, Okhla Phase – III, New Delhi – 110020, as mentioned in the EGM Notice. Members were also informed that necessary documents, as applicable, were available for inspection during the meeting, and that the facility for appointing proxies was not applicable given the virtual format of the meeting.

Directors and Key Officials in Attendance

The Chairperson introduced the directors and key officials attending the meeting. The following individuals were present at the EGM:

The Chairperson noted the absence of Mr. Shrikant Shreeniwas Somani, Independent Director, who was unable to attend due to prior commitments.

Businesses Transacted at the EGM

Two special resolutions were placed before the members for consideration and voting at the EGM. The Chairperson briefed members on the objectives behind each resolution, as detailed in the EGM Notice and accompanying explanatory statement. Members who had registered as speakers were invited to address the meeting, and the Chairperson, along with Mr. Arjun Lamba, responded to queries raised during the question and answer session.

E-Voting and Scrutinizer

The Company provided its members the facility to cast votes through a remote e-voting system administered by M/s. KFin Technologies Limited (KFintech), the Registrar and Share Transfer Agent (RTA) of the Company. Members present at the meeting who had not cast their votes through remote e-voting were eligible to vote via the e-voting facility during the meeting. Members who had already voted through remote e-voting prior to the EGM were permitted to attend and participate but were not eligible to vote again. Mr. Ankush Agarwal, Partner (Membership No. F9719 & COP No. 14486), or in his absence Mr. Shailesh Kumar Singh, Partner (Membership No. F8619 & COP No. 16235), of M/s. MAKS & CO., Practicing Company Secretaries, were appointed as Scrutinizer to oversee the voting process in a fair and transparent manner.

Conclusion of Meeting

Following the conclusion of the question and answer session, the e-voting through instapoll was opened for 15 minutes for members attending the meeting who had not cast their votes through remote e-voting. The Chairperson authorized Mr. Anuj Jain, Company Secretary & Compliance Officer, to declare and submit the voting results along with the Scrutinizer Report within the prescribed timelines. The resolutions as set forth in the EGM Notice were stated to be deemed passed, subject to receipt of the requisite number of votes. The meeting concluded at 11:45 A.M. (IST). Voting results are to be announced not later than two working days from the conclusion of the EGM and will be intimated to the Stock Exchanges and uploaded on the website of the Company and KFintech.

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.