Scrutinizer''s report of EGM held on May 05, 2026 at 11:00 AM
RELIGARE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Religare Enterprises Limited held an Extra Ordinary General Meeting on May 05, 2026 through video conferencing. Two special resolutions were passed. Resolution 1 approved shifting the company's registered office from Delhi to Haryana with 98.48% shareholder approval (18.87 crore votes polled, 56.7% turnout). Resolution 2 approved appointment of Mr. Arjun Lamba as Whole-Time Director (Executive Director) with 95.53% approval. Institutional shareholders showed notable opposition (21.1%) to the director appointment resolution compared to promoters (0% opposition). All resolutions were passed with the required special majority.
Both resolutions passed decisively. The office relocation to Haryana is administrative and has minimal direct market impact. The appointment of Mr. Arjun Lamba as Executive Director strengthens the leadership team with near-unanimous support, though institutional dissent warrants monitoring for any underlying concerns about executive compensation or governance.