ALFA Filings
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Religare Enterprises informed that the Securities Appellate Tribunal dismissed its appeal against an earlier SEBI order. The company is sharing this legal update for record.
Religare Enterprises announced that SEBI has disposed of the Interim Order and Show Cause Notice dated June 19, 2024, without issuing any directions against the company.
Religare's subsidiary, Care Health Insurance, received a rectification order reducing its tax liability to ₹45.16 Crore. The company continues to appeal the original assessment additions.
Religare Enterprises' subsidiary, Care Health Insurance, received a rectification order reducing its tax liability for AY 2022-23 to ₹86.66 Crore from ₹173.32 Crore. The order corrects a technical error in the previous demand. An appeal against the original assessment remains pending with appropriate authorities.