Religare Enterprises Limited — Others, 12-08-2025: Appointment

Religare Enterprises' board approved its Q1 FY25 financial results: a consolidated profit of Rs. 8.17 Cr and a standalone loss of Rs. 6.15 Cr. Mr. Pratul Gupta was appointed Interim CFO. A major update: the Reserve Bank of India has lifted all restrictions under the Corrective Action Plan on Religare Finvest, a key subsidiary, effective July 23. This is a significant operational boost. Shareholders also approved raising up to Rs. 1499.99 Cr by issuing warrants convertible into equity shares via preferential allotment, strengthening the company's capital. The company will also provide working capital support of up to Rs. 0.10 Cr each to two non-operational subsidiaries.