Religare Enterprises Limited has informed the Exchange about change in Management
RELIGARE · price
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Religare Enterprises Limited shareholders, in an Extra Ordinary General Meeting held on May 05, 2026, approved the appointment of Mr. Arjun Lamba as Whole Time Director (designated as Executive Director) for a term of five years effective from April 01, 2026. Mr. Lamba previously served as a Non-Executive & Non-Independent Director on the Board. He is the founder of Guardian Advisors Private Limited, a SEBI-registered Portfolio Management Services firm established in 2005, and brings over 23 years of experience in India's capital markets. He has been involved in mergers and acquisitions and played a role in the acquisition of Eveready Industries and Religare Enterprises on behalf of the Burman Family. The appointment is not related to any other Director on the Board, and Mr. Lamba is not debarred from accessing the capital market.
The appointment of Mr. Arjun Lamba as Executive Director brings experienced capital markets expertise to the company's leadership. Given his background in value investing and business turnarounds, this could be viewed positively by investors, particularly with his existing familiarity with the company.