Religare Enterprises has informed that Care Health Insurance (‘CHIL’), a material subsidiary of the company (REL) has received two Orders dated March 22, 2025 under Section 147 of the Income-tax Act, 1961 (‘the Act’), from the Office of the Assistant Commissioner of Income-Tax, Central Circle 6(2) Mumbai, raising an Income-tax demand of Rs 104.77 Crores, (including interest) for the Assessment Years 2020-21 and 2021-22. Based on the advice of Tax Consultants, CHIL would be filing an appeal against the said Order before an appropriate forum within the prescribed timelines. Details as required in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed as Annexure - I.
The above information is a part of company’s filings submitted to BSE.
