Religare Enterprises Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on May 05, 2026
RELIGARE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Religare Enterprises Limited has called an EGM on May 05, 2026 at 11:00 AM IST via video conferencing to address two special business items. First, the company proposes to shift its registered office from Delhi to Haryana state, requiring amendment to the Memorandum of Association and approval from the Regional Director. Second, the company seeks shareholder approval to appoint Mr. Arjun Lamba as Whole Time Director (designated Executive Director) for 5 years starting April 01, 2026, with a fixed salary of Rs. 9 crore per annum, variable pay up to 50% of fixed salary, and ESOPs. His appointment also designates him as Key Managerial Personnel. Remote e-voting will be open from May 01-04, 2026, with April 28, 2026 as the cut-off date for shareholder eligibility. The total voting capital stands at approximately 35.79 crore shares.
The proposed office relocation to Haryana may have regulatory and tax implications. The appointment of Mr. Arjun Lamba as Executive Director with Rs. 9 crore annual compensation represents a significant senior-level change that shareholders should evaluate based on the company's performance trajectory.