Religare Enterprises Subsidiary Receives Stay Order from Bombay High Court
Religare Enterprises Limited announced on March 30, 2026, that Care Health Insurance Limited (CHIL), a material subsidiary, has received a stay order from the Hon'ble Bombay High Court. The order pertains to a writ petition filed against an order-in-original issued by the Office of the Assistant Commissioner of Goods and Services Tax, Faridabad, concerning the SEZ matter for the period July 2017 to March 2024.The original order raised a Goods and Services Tax (GST) demand of Rs. 17,68,26,837 with interest and imposed a penalty of Rs. 17,68,26,837. The matter relates to industry-wide issues.
CHIL received the order from its tax advisors on March 28, 2026, granting a stay on the original order until the final disposal of the writ petition. The proceedings are considered to have no impact on the financial, operational, or other activities of Religare Enterprises Limited at this stage.
| S. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the authority from whom communication received | Hon'ble Bombay High Court |
| 2 | Type of communication received | Stay order received from the Hon'ble Bombay High Court |
| 3 | Name of entity in respect of which communication is received | Communication is received in respect of Care Health Insurance Limited (CHIL) which is a material subsidiary of Religare Enterprises Ltd. (REL), the Listed Entity |
| 6 | Date of receipt of communication from the authority; | Date of receipt of communication to CHIL:- March 28, 2026 Date of receipt of communication from CHIL to REL:- March 30, 2026 |
| 7 | Period for which communication would be applicable | July 2017 to March 2024 |
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