Religare Enterprises Limited — Important, 03-02-2025: Defaults on Payment of Interest/Principal

Religare Enterprises Limited has disclosed defaults on payment of interest and principal amount concerning loans from banks and unlisted debt securities for the quarter ended December 31, 2024. The total amount outstanding for unlisted debt securities stands at ₹84.03 crore, with no defaults reported on bank loans. The company is facing ongoing legal issues related to the redemption of Non-convertible Redeemable Preference Shares that are currently under investigation, which could further complicate its financial position. Investors might view this as a potential risk, given the unresolved legal matters and defaults, warranting close monitoring of the situation.