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Saluja ousted from REL Board as she fails to get shareholders' approval
The New Indian Express Kozhikode
|February 14, 2025
IN a major development, Religare Enterprises (REL) has said Rashmi Saluja ceased to be a director on its board after failing to secure shareholder approval for her reappointment.
Effective February 7, 2025, Saluja is no longer a non-independent director, REL stated in a regulatory filing. The decision followed a clarification sought by the Reserve Bank of India (RBI), with the response received on Thursday.
REL also referenced a report by the Scrutinizer, which revealed that 97% of votes were cast against the resolution to reappoint Saluja to the board, dated February 7, 2025.
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