Religare enterprises announced a significant development regarding its material subsidiary, with Care Health Insurance Limited receiving a credit rating upgrade from India Ratings & Research Private Limited (Ind-Ra). The company disclosed this information to stock exchanges as part of its regulatory obligations under SEBI listing requirements.

Credit Rating Enhancement Details

India Ratings & Research Private Limited upgraded Care Health Insurance Limited's credit rating to IND AA-/Stable through its communication dated January 29, 2026. The rating upgrade represents a positive assessment of the insurance subsidiary's financial profile and business fundamentals.

Regulatory Compliance and Disclosure

Religare Enterprises fulfilled its disclosure obligations by informing both the National Stock Exchange of India and BSE Limited about this development on January 30, 2026. The communication was made under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Communication Details

• Disclosure Date: January 30, 2026
• Regulatory Framework: SEBI Regulation 30
• Signatory: Anuj Jain, Company Secretary & Compliance Officer
• Stock Exchanges Notified: NSE and BSE

Significance for Religare Group

The credit rating upgrade of Care Health Insurance Limited, being a material subsidiary, represents a positive development for the Religare group. Credit rating improvements typically reflect enhanced financial stability, improved business operations, and stronger market positioning of the rated entity.

India Ratings & Research has made the detailed press release regarding this rating action accessible through their official website, providing stakeholders with comprehensive information about the rationale behind the upgrade decision.

Religare Enterprises Limited has announced the appointment of Suresh Mahalingam as Non-Executive Chairperson, effective January 01, 2026, continuing the company's rotational leadership structure established earlier in 2025.

Rotational Chairperson System

The company implemented a rotational chairperson system in February 2025, where board members serve as chairperson on a quarterly basis. This system was established when the Board of Directors appointed Praveen Kumar Tripathi as the initial Non-Executive Chairperson and decided that board members would rotate through this position each calendar quarter.

Chairperson Appointments Timeline

The following table outlines the chairperson appointments under the rotational system:

Current Appointment Details

Suresh Mahalingam, who serves as a Non-Executive and Non-Independent Director of the company, has been appointed as Non-Executive Chairperson with effect from January 01, 2026, until March 31, 2026. His appointment follows the completion of Gurumurthy Ramanathan's tenure on December 31, 2025.

Regulatory Compliance

The appointment has been disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both the National Stock Exchange of India Limited and BSE Limited about this leadership change as part of its regulatory compliance obligations.

The rotational chairperson system demonstrates the company's commitment to shared leadership among its board members, with each appointee bringing their unique expertise to guide the organization during their respective tenures.