Religare Enterprises Limited — Board Meeting, 12-08-2025: Outcome of Board Meeting

Religare Enterprises' Board met, approving Q1FY26 consolidated financials. The company posted a net profit of Rs. 8.17 Cr, though profit was reduced by Rs. 61.37 Cr due to an accounting change in its insurance business. Crucially, RBI lifted all restrictions on Religare Finvest (RFL), ending the dividend ban and 'fraud' tag for most lenders. This marks a major step towards financial freedom. The Board also approved a preferential issue of warrants, set to raise Rs. 1,500 Cr, bolstering future growth. Mr. Pratul Gupta was appointed Interim CFO, and the E-Governance business slump sale got NCLT approval.