Religare Enterprises Limited has announced that its step-down subsidiary, Religare Housing Development Finance Corporation Limited (RHDFCL), has appointed Mr. Pankaj Rathi as Additional Director and Whole-Time Director, designated as Executive Director and Chief Financial Officer (CFO), effective April 06, 2026. The appointment was approved by the Board of Directors of RHDFCL at its meeting held on March 30, 2026, following the recommendation of the Nomination & Remuneration Committee (NRC) of RHDFCL. This appointment is in addition to Mr. Rathi's existing role as Chief Financial Officer of RHDFCL. His appointment as Whole-Time Director remains subject to the approval of shareholders of RHDFCL.

Appointment Details

The key details of Mr. Pankaj Rathi's appointment are summarised below:

Profile of Mr. Pankaj Rathi

Mr. Pankaj Rathi is a qualified Chartered Accountant with experience of more than 15 years in Banking and Financial Services. His areas of expertise span Financial Reporting, Fund Raising (Equity & Debt), Mergers & Acquisitions (M&A), Balance Sheet & Treasury Management, Regulatory and Corporate Compliances, Business Strategy, Budgeting, and Taxation.

Prior to this appointment, Mr. Rathi served as Chief Financial Officer at Grihum Housing Finance Ltd, where he spearheaded two major M&A transactions. During his tenure at Grihum, he raised over $1.3 Bn in five years across diverse instruments and orchestrated a credit rating migration strategy through institutional identities, achieving an uplift from AA- to AAA. He also led the digitization of finance and compliance platforms, resulting in reduced turnaround time.

His previous professional assignments included roles at Xander Finance Ltd, JM Financial Products Ltd, EY, and PwC.

Regulatory Disclosure

The disclosure was made by Religare Enterprises Limited to the National Stock Exchange of India Ltd and BSE Limited on May 08, 2026, in compliance with Regulation 30. The communication was signed by Anuj Jain, Company Secretary & Compliance Officer of Religare Enterprises Limited.

Religare Enterprises Limited held its Extraordinary General Meeting (EGM) on May 05, 2026, via Video Conferencing at 11.00 A.M. (IST). The meeting, chaired by Mr. Rajender Mohan Malla, was convened to consider two special resolutions. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed that shareholders approved the shifting of the Registered Office from the National Capital Territory of Delhi to the State of Haryana, subject to receipt of applicable regulatory approvals, along with a consequential alteration of Clause II of the Memorandum of Association. The amended clause now reads: "The registered office of the Company will be situated in the State of Haryana." Shareholders also approved the appointment of Mr. Arjun Lamba (DIN: 00124804) as Whole Time Director, designated as Executive Director, for a term of five years effective from April 01, 2026. The voting results were declared on May 07, 2026, and the company submitted the official voting results and scrutinizer's report pursuant to Regulation 44 of the SEBI Listing Regulations.

Voting Results Summary

The resolutions were put to vote through remote e-voting and e-voting during the meeting. The total voting capital considered was 35,78,90,479 shares, though voting rights on 2,50,00,000 Preference Shares were suspended due to a sub-judice matter before the NCLT. A total of 18,87,47,494 votes were polled on the equity shares. Both special resolutions were passed by the shareholders with the requisite majority. The detailed voting patterns are as follows:

Category-Wise Voting Breakdown

The voting participation spanned across Promoter & Promoter Group, Public Institutions, and Public Non-Institutions. The category-wise breakdown for both resolutions is detailed below.

Resolution 1 – Shift of Registered Office to Haryana:

Resolution 2 – Appointment of Arjun Lamba as Executive Director:

Key Details of Resolutions

The first resolution approved the shifting of the Registered Office from the National Capital Territory of Delhi to the State of Haryana, along with a consequential amendment in Clause II of the Memorandum of Association. The second resolution authorized the appointment of Mr. Arjun Lamba as Whole Time Director (designated as Executive Director), along with the terms of his appointment and remuneration. His office shall not be liable to retire by rotation.

Profile of Mr. Arjun Lamba

Mr. Arjun Lamba is the founder of Guardian Advisors Private Limited, a SEBI-registered Portfolio Management Services (PMS) firm set up in 2005. With over 23 years of experience in India's capital markets, he has built deep expertise in equity investing and portfolio management. Guardian Advisors is among the oldest PMS providers in the country, focusing on managing investments for high-net-worth individuals and corporates in Indian public equity markets. Mr. Lamba has extensive experience in mergers and acquisitions and has played a critical role in the acquisition of both Eveready Industries and Religare Enterprises on behalf of the Burman Family. He holds a BBA degree from École Les Roches, Switzerland.

The key details of his appointment as disclosed under Regulation 30 are summarized below:

Mr. Lamba also serves on the boards of Eveready Industries India Limited, KPH Dream Cricket Pvt. Ltd. (IPL team Punjab Kings), Care Health Insurance Ltd., Religare Broking Ltd., Religare Finvest Ltd., Religare Housing Development Finance Corporation Ltd., and Religare Digital Solutions Ltd.

Scrutinizer's Report

M/s. MAKS & CO., Practicing Company Secretaries (FRN: P2018UP067700), represented by Partner Ankush Agarwal (Membership No. F9719 & COP. No. 14486), oversaw the voting process and confirmed that it was conducted fairly and transparently. The remote e-voting commenced on May 01, 2026 (9.00 A.M. IST) and ended on May 04, 2026 (5.00 P.M. IST), with the voting portal blocked thereafter. The cut-off date for determining voting rights was April 28, 2026. The report noted that while 2,50,00,000 Preference Shares were part of the total voting capital, the holders were not entitled to vote due to an interim order by the Hon'ble NCLT regarding non-payment of dividends — a matter that remains sub-judice. It was also noted that 4 members holding 8,01,816 Equity Shares had partially voted in favour and partially against Resolution No. 2, and were accordingly counted in both categories. Both resolutions were confirmed as passed with the requisite majority. The results were declared by Mr. Anuj Jain, Company Secretary & Compliance Officer, and submitted to the Stock Exchanges on May 07, 2026.