Religare Enterprises Limited has informed the Exchange regarding Appointment of Mr Pratul Gupta as Chief Financial Officer of the company w.e.f. August 12, 2025.
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Religare Enterprises' board, meeting on August 12, 2025, appointed Mr. Pratul Gupta as Interim Chief Financial Officer (designated as Key Managerial Personnel). The board also approved the unaudited Q1 FY26 results — on a standalone basis, the company posted a net loss of Rs. 614.83 lakhs on revenue of Rs. 310.32 lakhs, while on a consolidated basis it swung to a net profit of Rs. 817.27 lakhs on total revenue of Rs. 1,87,168.97 lakhs, with EPS of Rs. 0.31. M/s J C Bhalla & Co. was re-appointed as Statutory Auditor for FY26 and FY27, and M/s PI & Associates was named as Secretarial Auditor for five years (FY26–FY30). Letters of assurance of up to Rs. 10 lakhs each were approved for two non-operational subsidiaries. Notably, the RBI withdrew all Corrective Action Plan restrictions on subsidiary Religare Finvest Ltd on July 23, 2025, and the Delhi High Court quashed the 'fraud' classification on RFL. A preferential warrant issue of up to ~Rs. 1,500 crore at Rs. 235/share was approved by shareholders on August 8, 2025.
A new CFO appointment brings fresh financial leadership during an ongoing governance review, but the standalone loss continues and the RBI dividend ban remains in place. Consolidated profit and the recent removal of CAP/fraud tags on Religare Finvest are positives that may support sentiment, while the large warrant issue could lead to equity dilution over the next 18 months.