SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE � PRESS RELEASES/ CHAIRMAN�S AND MEMBER�S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 04-NOV-2026

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

COMPANIES: VIOLATED SEBI (PFUTP) REGULATIONS, 2003

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

901

RELIANCE EXCHANGE NEXT LTD.

(PAN:AABCR7567D)

SEBI VIDE ITS NOTICE DATED 30/10/2024 DIRECTED TO PAY RS.25,75,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SAT: SAT VIDE ITS ORDER DATED 03/12/2024 GRANTED RESPONDENT EIGHT WEEKS TO FILE REPLY AND REJOINDER, IF ANY, TO BE FILED WITHIN FOUR WEEKS THEREAFTER. STAYED THE RECOVERY OF PENALTY SUBJECT TO APPELLANT DEPOSIT 25% OF PENALTY AMOUNT WITH RESPONDENT WITHIN SIX WEEKS FROM DATE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 17/01/2025 GRANTED APPELLANT FOUR WEEKS TO DEPOSIT MONEY

SAT: SAT VIDE ITS ORDER DATED 13/02/2025 REJECTED MISC.APPLICATION

SEBI VIDE ITS ORDER DATED 24/02/2025 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED

SAT: SAT VIDE ITS ORDER DATED 23/04/2025 CONDONED THE DELAY IN FILING OF APPEALS

SAT: SAT VIDE ITS ORDER DATED 22/09/2026 DISMISSED THE APPEAL FOR NON-PROSECUTION. NO COSTS

SAT: SAT VIDE ITS ORDER DATED 24/09/2026 ALLOWED RESPONDENT SIX WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED WITHIN THREE WEEKS THEREAFTER. STAYED IMPUGNED ORDER SUBJECT TO DEPOSIT OF FULL PENALTY AND DISGORGEMENT AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER

902

RELIANCE HOME FINANCE LTD.

(CIN:L67190MH2008PLC183216
PAN:AAECR0305E)

Click here to view complete history of this specific entity/person

AMIT BAPNA

PAN:AAYPB9659A

ANIL DHIRAJLAL AMBANI

PAN:AADPA3703D

PINKESH ROHIT SHAH

PAN:ABAPS2169R

RAVINDRA SHARAD SUDHALKAR

PAN:AGGPS1926B

MISREPORTED FINANCIALS OF RELIANCE HOME FINANCE LTD. AND ITS BOOKS OF ACCOUNTS FOR FY. 2018-19 VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATION 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RELIANCE HOME FINANCE LTD.

DID NOT PROVIDE COMPLETE AND TIMELY INFORMATION REGARDING GENERAL PURPOSE CORPORATE LENDING/DISBURSAL TO BOARD OF DIRECTORS VIOLATING REGULATION 17(7) READ WITH SCHEDULE II PART A(I) AND (O) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RELIANCE HOME FINANCE LTD.

INDULGED IN FRAUDULENT SCHEME OF DIVERTING ASSETS AND FUNDS VIOLATING REGULATIONS 4(2)(F)(II)(6), (7), (8), 4(2)(F)(III)(3), (6) AND (12) OF SEBI (LODR) REGULATIONS, 2015 READ WITH SECTION 21 OF SCRA, 1956 IN MATTER OF RELIANCE HOME FINANCE LTD.

FURNISHED COMPLIANCE CERTIFICATE WITH RESPECT TO FINANCIAL STATEMENTS VIOLATING REGULATION 17(8) READ WITH PART B OF SCHEDULE II OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RELIANCE HOME FINANCE LTD.

DID NOT ADHERE TO CODE OF CONDUCT OF BOARD OF DIRECTORS AND SENIOR MANAGEMENT ON ANNUAL BASIS VIOLATING OF REGULATION 26(3) OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RELIANCE HOME FINANCE LTD.

DID NOT ADHERE TO REGULATION 33(2)(A) OF SEBI (LODR) REGULATIONS, 2015 FOR CERTIFICATION AND APPROVAL OF FINANCIAL RESULTS IN MATTER OF RELIANCE HOME FINANCE LTD.

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 22-AUG-2024 TO 21-AUG-2029

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 22-AUG-2024 TO 21-AUG-2029

RESTRAINED FROM BEING ASSOCIATED WITH SECURITIES MARKET INCLUDING AS A DIRECTOR OR KEY MANAGERIAL PERSONNEL IN ANY LISTED COMPANY HOLDING/ASSOCIATE COMPANY OF ANY LISTED COMPANY OR IN ANY INTERMEDIARY REGISTERED WITH SEBI FROM 22-AUG-2024 TO 21-AUG-2029

IMPOSED PENALTY RS.99,00,00,000

RESTRAINED FROM BEING ASSOCIATED WITH SECURITIES MARKET INCLUDING AS A DIRECTOR OR KEY MANAGERIAL PERSONNEL IN ANY LISTED COMPANY OR ANY INTERMEDIARY REGISTERED WITH SEBI FROM 22-AUG-2024 TO 21-AUG-2029

22-AUG-2024

903

RELIANCE HOME FINANCE LTD.

(CIN:L67190MH2008PLC183216
PAN:AAECR0305E)

RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 22-AUG-2024 TO 21-FEB-2025

IMPOSED PENALTY RS.6,00,000

22-AUG-2024

SEBI VIDE ITS NOTICE DATED 05/11/2024 DIRECTED TO PAY RS.6,25,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SAT: SAT VIDE ITS ORDER DATED 19/11/2024 CONDONED THE DELAY IN FILING OF APPEAL. GRANTED RESPONDENT SIX WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE SEEKS THEREAFTER. IMPUGNED ORDER STAYED SUBJECT TO DEPOSIT 50% OF THE PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 17/01/2025 GRANTED RESPONDENT THREE WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER WITHIN FOUR WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 23/04/2025 CONDONED THE DELAY IN FILING OF APPEALS

SAT: SAT VIDE ITS ORDER DATED 22/09/2026 DISMISSED THE APPEAL FOR NON-PROSECUTION. NO COSTS

904

RELIANCE INDUSTRIES LTD.

(PAN:AAACR5055K)

MUKESH D.AMBANI

PAN:AADPA3705F

INDULGED IN MANIPULATIVE TRADES IN CASH AND F&O SEGMENT VIOLATING REGULATIONS 3(A) TO 3(D) AND 4(1), 4(2)(D) & (E) OF (PFUTP) REGULATIONS, 2003 IN MATTER OF RELIANCE PETROLEUM LTD. (NOW NOWN AS RELIANCE INDUSTRIES LTD.)

DID NOT ADHERE TO SEBI CIRCULAR NO.SMDRP/DC/CIR-10/01 DATED 02/11/2001

IMPOSED PENALTY RS.25,00,00,000

01-JAN-2021

SAT: SAT VIDE ITS ORDER DATED 26/04/2021 DIRECTED RESPONDENT TO FILE REPLY WITHIN FOUR WEEKS AND APPELLANT TO FILE REJOINDER 10 DAYS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 29/07/2021 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 17/09/2021 ALLOWED APPELLANT THREE WEEKS FURTHER TIME TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 04/12/2023 DISMISSED THE APPEAL

905

RELIANCE STRATEGIC INVESTMENTS LTD.

(PAN:AABCR1466K)

ENGAGED IN MANIPULATION OF PRICE/PREMIUM OF 11400 PE AT LEAST ON TWO TRADING DAYS I.E.08/08/2017 AND 10/08/2017 IN THE MATTER OF BOX TRADE ACTIVITIES IN LONG DATED NIFTY OPTIONS EXPIRING ON 28/12/2017 VIOLATING SECTION 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(D), 4(1) AND 4(2)(E) OF SEBI (PFUTP) REGULATIONS, 2003

IMPOSED PENALTY RS.7,00,000

30-JUN-2023

SAT: SAT VIDE ITS ORDER DATED 13/12/2023 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 30/06/2023

906

RELIANCE UNICORN ENTERPRISES PVT.LTD.

(PAN:AAACC2436P)

SEBI VIDE ITS NOTICE DATED 30/10/2024 DIRECTED TO PAY RS.25,75,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SAT: SAT VIDE ITS ORDER DATED 19/11/2024 GRANTED RESPONDENT SIX WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED THREE SEEKS THEREAFTER. RECOVERY OF PENALTY OF RS.25 CRORE TO BE REMAIN STAYED SUBJECT TO DEPOSIT 50% OF THE PENALTY AMOUNT WITH RESPONDENT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER

SAT VIDE ITS ORDER DATED 14/11/2024 RECOVERY OF PENALTY TO REMAIN STAYED SUBJECT TO DEPOSIT 50% OF THE PENALTY AMOUNT WITH RESPONDENT WITHIN SIX WEEKS FROM DATE OF THIS ORDER

SAT: SAT VIDE ITS ORDER DATED 10/12/2024 GRANTED APPELLANT FOUR WEEKS TO DEPOSIT 50% PENALTY AMOUNT AND PERMITTED APPELLANT TO LIQUIDATE MUTUAL FUND AND DEPOSIT THE PROCEEDS WITH SEBI

SAT: SAT VIDE ITS ORDER DATED 17/01/2025 GRANTED RESPONDENT THREE WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER WITHIN FOUR WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 14/02/2025 GRANTED APPELLANT SIX WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 23/04/2025 CONDONED THE DELAY IN FILING OF APPEALS

SAT: SAT VIDE ITS ORDER DATED 24/09/2026 ALLOWED RESPONDENT SIX WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED WITHIN THREE WEEKS THEREAFTER. STAYED IMPUGNED ORDER SUBJECT TO DEPOSIT OF FULL PENALTY AND DISGORGEMENT AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER

907

RELIANCE UNICORN ENTERPRISES PVT.LTD.

(PAN:AAACC2436P)

INDULGED IN SIPHONING OFF HUGE AMOUNT OF FUNDS THROUGH COLLUSIVE NEXUS TO TRANSLATE PRE-ORDAINED SCHEME INTO ACTION RESULTING IN SIPHONING OFF FUNDS FROM RHFL�S ACCOUNTS, A MAJOR PORTION OF WHICH TO BE DECLARED NPA VIOLATING SECTION 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO (D), 4(1), 4(2)(F) 4(2)(K) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RELIANCE HOME FINANCE LTD.

SHOW CAUSE NOTICE ISSUED

11-FEB-2022

908

RELIGARE COMTRADE LTD.

(PAN:AAECR8405P)

INDULGED IN DIVERSION OF FUNDS OF RS.2315.09 CRORES (APPROX.) FROM RELIGARE FINVEST LTD. TO PROMOTERS AND THEIR RELATED ENTITIES VIOLATING SECTIONS 12A(A) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(B) TO 3(D) & 4(1), 4(2)(F) AND 4(2) (R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RELIGARE ENTERPRISES LTD.

DID NOT MAKE DISCLOSURE OF FUNDS ROUTED BY RELIGARE FINVEST LTD. THROUGH UNRELATED ENTITIES TO PROMOTERS AND PROMOTERS GROUP ENTITIES VIOLATING CLAUSE 32 OF LISTING AGREEMENT IN MATTER OF RELIGARE ENTERPRISES LTD.

MISREPRESENTATED FINANCIAL POSITION BY ROLLING OVER THE LOANS VIOLATING REGULATIONS 4(1)(B), (C), 30(1) AND 51(1) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.

DIRECTED NOT TO DIVERT ANY FUNDS EXCEPT TO MEET EXPENSES OF DAY-TO-DAY BUSINESS OPERATIONS WITHOUT PRIOR PERMISSION OF SEBI

14-MAR-2019

SEBI VIDE ITS ORDER DATED 11/09/2019 REVOKED ITS DIRECTION ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 14/03/2019

909

RELIGARE CORPORATE SERVICES LTD.

(PAN:AAFCR4772G)

INDULGED IN DIVERSION OF FUNDS OF RS.2,473.66 CRORE (APPROX) OF RELIGARE FINVEST LTD. THROUGH SUBSIDIARY OF REL FOR BENEFIT OF PROMOTERS/PROMOTER GROUP ENTITIES VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RELIGARE ENTERPRISES LTD.

RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 28-JUL-2022 TO 27-JUL-2024

IMPOSED PENALTY RS.5,00,00,000

28-JUL-2022

SEBI VIDE ITS NOTICE DATED 03/01/2023 DIRECTED TO PAY RS.5,35,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS NOTICE DATED 23/01/2023 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED

SEBI VIDE ITS ORDER DATED 23/02/2023 DIRECTED ALL THE BANKS TO REMIT RS.5,40,01,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF RELIGARE CORPORATE SERVICES LTD. TO SEBI BY WAY OF EFT/NEFT/RTGS

910

RELIGARE ENTERPRISES LTD.

(PAN:AAACV5888N)

INDULGED IN DIVERSION OF FUNDS OF RS.2,473.66 CRORE (APPROX) OF RELIGARE FINVEST LTD. THROUGH SUBSIDIARY OF REL FOR BENEFIT OF PROMOTERS/PROMOTER GROUP ENTITIES VIOLATING REGULATIONS 4(2)(F) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RELIGARE ENTERPRISES LTD.

INDULGED IN DIVERSION OF FUNDS OF RS.2,473.66 CRORE (APPROX) OF RELIGARE FINVEST LTD. THROUGH SUBSIDIARY OF REL FOR BENEFIT OF PROMOTERS/PROMOTER GROUP ENTITIES VIOLATING CLAUSES 32 AND 36 OF LISTING AGREEMENT IN MATTER OF RELIGARE ENTERPRISES LTD.

INDULGED IN DIVERSION OF FUNDS OF RS.2,473.66 CRORE (APPROX) OF RELIGARE FINVEST LTD. THROUGH SUBSIDIARY OF REL FOR BENEFIT OF PROMOTERS/PROMOTER GROUP ENTITIES VIOLATING CLAUSES 49(I)(C)(1)(A) AND 49(I)(C)(1)(D) OF LISTING AGREEMENT {POST CIRCULAR DATED 17/04/2014} READ WITH REGULATION 103 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.

INDULGED IN DIVERSION OF FUNDS OF RS.2,473.66 CRORE (APPROX) OF RELIGARE FINVEST LTD. THROUGH SUBSIDIARY OF REL FOR BENEFIT OF PROMOTERS/PROMOTER GROUP ENTITIES VIOLATING REGULATIONS 4(1)(A) TO 4(1)(D), 4(1)(G) TO 4(1)(J), 30(1) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.

INDULGED IN DIVERSION OF FUNDS OF RS.2,473.66 CRORE (APPROX) OF RELIGARE FINVEST LTD. THROUGH SUBSIDIARY OF REL FOR BENEFIT OF PROMOTERS/PROMOTER GROUP ENTITIES VIOLATING SECTION 21 OF SCRA, 1956 IN MATTER OF RELIGARE ENTERPRISES LTD.

DIRECTED TO CONTINUE TO PURSUE THE MEASURES TO RECOVER THE AMOUNT DUE ALONGWITH INTEREST

28-JUL-2022

911

RELIGARE ENTERPRISES LTD.

(PAN:AAACV5888N)

DIRECTED TO INITIATE STEPS TO RECALL ALL THE LOANS OF RS.2315.09 CRORES (APPROX.) EITHER DIRECTRLY OR INDIRECTLY ALONG WITH DUE INTEREST WITHIN THREE MONTHS FROM THE DATE OF THIS ORDER

14-MAR-2019

SEBI VIDE ITS ORDER DATED 11/09/2019 CONFIRMED THE DIRECTIONS ISSUED VIDE INTERIM ORDER SUBJECT TO MODIFICATIONS 1 . DIRECTED TO CONTINUE WITH STEPS TO RECALL THE LOANS OF RS.2065.09 CRORES (APPROX.) EXTENDED, EITHER DIRECTLY OR INDIRECTLY TO NOTICEE NOS. 5 TO 17 AND 19 TO 25 (VIZ. PLATINUM INFRASTRUCTURE PVT.LTD., AD ADVERTISING PVT.LTD., ARTIFICE PROPERTIES PVT. LTD., BEST HEALTH MANAGEMENT PVT.LTD., DEVERA DEVELOPERS PVT.LTD., VITOBA REALTORS PVT.LTD., FERN HEALTHCARE PVT.LTD., MODLAND WEARS PVT.LTD., ROSESTAR MARKETING PVT.LTD., STAR ARTWORKS PVT.LTD., TRIPOLI INVESTMENT & TRADING CO., VOLGA MANAGEMENT & CONSULTANCY PVT.LTD., ZOLTON PROPERTIES PVT.LTD., RHC HOLDING PVT.LTD., RANCHEM PVT.LTD., ANR SECURITIES, SHIVI HOLDINGS PVT.LTD., MALAV HOLDINGS PVT.LTD., MR.MALVINDER MOHAN SINGH AND MR.SHIVINDER MOHAN SINGH), ALONG WITH DUE INTEREST

912

RELIGARE ENTERPRISES LTD.

(PAN:AAACV5888N)

ALLEGED INDULGENCE IN FINANCIAL MISMANAGEMENT AND DIVERSION OF FUNDS OF RS.2,473.66 CRORE OF RELIGARE FINVEST LTD. THROUGH SUBSIDIARY OF REL FOR BENEFIT OF PROMOTERS/PROMOTER GROUP ENTITIES VIOLATING SECTIONS 12A(A) TO (C) OF SEBI ACT, 1992 AND REGULATIONS 3(B) TO 3(D), 4(1), 4(2)(F) AND 4(2)(R) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF RELIGARE ENTERPRISES LTD.

ALLEGED INDULGENCE IN FINANCIAL MISMANAGEMENT AND DIVERSION OF FUNDS OF RS.2,473.66 CRORE OF RELIGARE FINVEST LTD. THROUGH SUBSIDIARY OF REL FOR BENEFIT OF PROMOTERS/PROMOTER GROUP ENTITIES VIOLATING CLAUSES 32 AND 36 OF LISTING AGREEMENT IN MATTER OF RELIGARE ENTERPRISES LTD.

ALLEGED INDULGENCE IN FINANCIAL MISMANAGEMENT AND DIVERSION OF FUNDS OF RS.2,473.66 CRORE OF RELIGARE FINVEST LTD. THROUGH SUBSIDIARY OF REL FOR BENEFIT OF PROMOTERS/PROMOTER GROUP ENTITIES VIOLATING CLAUSES 49(I)(C)(1)(A) AND 49(I)(C)(1)(D) OF LISTING AGREEMENT {POST CIRCULAR DATED 17/04/2014} READ WITH REGULATION 103 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.

ALLEGED INDULGENCE IN FINANCIAL MISMANAGEMENT AND DIVERSION OF FUNDS OF RS.2,473.66 CRORE OF RELIGARE FINVEST LTD. THROUGH SUBSIDIARY OF REL FOR BENEFIT OF PROMOTERS/PROMOTER GROUP ENTITIES VIOLATING REGULATIONS 4(1)(A) TO 4(1)(D), 4(1)(G) TO 4(1)(J), 30(1) AND 48 OF SEBI (LODR) REGULATIONS, 2015 IN MATTER OF RELIGARE ENTERPRISES LTD.

ALLEGED INDULGENCE IN FINANCIAL MISMANAGEMENT AND DIVERSION OF FUNDS OF RS.2,473.66 CRORE OF RELIGARE FINVEST LTD. THROUGH SUBSIDIARY OF REL FOR BENEFIT OF PROMOTERS/PROMOTER GROUP ENTITIES VIOLATING SECTIONS 21 OF SECURITIES CONTRACTS (REGULATION) ACT, 1956 IN MATTER OF RELIGARE ENTERPRISES LTD.

REACHED SETTLEMENT (SETTLEMENT CHARGES RS.5,41,80,000 VIDE CONSENT ORDER)

31-MAY-2022

913