Religare Enterprises Limited has designated Mr. Babu Rao Priya as Key Managerial Personnel (KMP) of the company. The Board of Directors approved the designation at its meeting held on May 12, 2026, based on the recommendation of the Nomination and Remuneration Committee held on the same date.

Mr. Babu Rao Priya currently serves as the Group General Counsel and Group Chief Compliance Officer (GGC & GCCO). The company confirmed that the date of his designation as KMP is May 12, 2026. All other terms and conditions of his appointment, including remuneration, remain unchanged. The term of appointment extends up to November 2030, as previously disclosed in a stock exchange announcement dated October 31, 2025.

Profile of the Appointee

Mr. Priya is a senior legal professional with over 26 years of experience across Corporate, Banking & Finance, and Capital Markets. His expertise includes Mergers & Acquisitions (M&A), regulatory compliance, legal documentation, and Litigation Strategy.

Prior to his current role, he served as General Counsel and Executive Vice President at Bajaj Finance Ltd. He has also held key positions at Citibank, N.A., Amarchand & Mangaldas & Suresh A. Shroff & Co., HDFC Bank Ltd., and UTI Bank Ltd. Mr. Priya holds a Master's Degree in Commerce and Bachelor's Degrees in Law and Commerce from Osmania University, Hyderabad.

Appointment Details

The Board of Directors of Religare Finvest Limited (RFL), a material subsidiary of Religare Enterprises Limited, has approved the appointment of Mr. Srinivasan Karthik as Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of RFL, effective May 05, 2026. The decision was taken at a Board meeting held on April 28, 2026, based on the recommendation of the Nomination & Remuneration Committee (NRC). The development was disclosed to the stock exchanges on May 08, 2026.

Appointment Details

Alongside his designation as CEO and KMP, Mr. Srinivasan Karthik (DIN: 02449770) has also been appointed as an Additional Director of RFL, designated as Managing Director & CEO. This additional appointment is subject to prior approval from the Reserve Bank of India (RBI) and RFL's shareholders, with the Managing Director role taking effect only upon receipt of RBI approval. The key details of the appointment are summarised below:

Professional Profile

Mr. Srinivasan Karthik brings over 30 years of experience across financial services, consumer and asset financing, and the BPO/ITES industry, along with early entrepreneurial experience. He joins RFL from HDB Financial Services, where he spent a decade building the Consumer Finance and Asset Finance portfolios across multiple products, including Consumer Loans, Two-Wheeler and Auto Loans, Commercial Vehicle and Tractor Loans, growing them at significant scale. He also led the company's digital transformation agenda in recent years.

Prior to HDB Financial Services, Mr. Srinivasan Karthik led large global teams as an operating leader at Intelenet Global Services and SERCO, working with major banking and financial services clients across India, UK, US, and beyond. Earlier in his career, he co-founded entrepreneurial ventures in education and technology. His academic credentials include a B. Tech. degree in Electrical Engineering from IIT Delhi and a PGDM in Accounting and Finance from IIM Bangalore.

Key Highlights

• Appointment as CEO and KMP of RFL effective May 05, 2026
• Additional Director role (designated Managing Director & CEO) subject to RBI and shareholder approval
• 30+ years of experience in financial services, consumer and asset financing, and BPO/ITES
• Previous role: HDB Financial Services — built Consumer Finance and Asset Finance portfolios and led digital transformation
• Earlier experience: Operating leader at Intelenet Global Services and SERCO across India, UK, US, and beyond
• Education: B. Tech. (Electrical Engineering) from IIT Delhi; PGDM (Accounting and Finance) from IIM Bangalore

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations and was communicated to the exchanges by Anuj Jain, Company Secretary & Compliance Officer of Religare Enterprises Limited.