Religare Enterprises Limited — Others, 24-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Care Health Insurance Limited, a subsidiary of Religare Enterprises, faces an income tax demand of ₹104.77 crore from the Income-Tax Department for the assessment years 2020-21 and 2021-22. The company plans to appeal against this order based on advice from tax consultants, as previous judicial decisions favored similar claims made by the company. This demand could impact Care Health's financial health, but pursuing an appeal may mitigate risks. Investor sentiment may remain neutral as the appeal process unfolds, but potential shifts in the company's liability could arise depending on the outcome.