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Saluja ousted from REL Board as she fails to get shareholders' approval
The New Indian Express Mysuru
|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.
This story is from the February 14, 2025 edition of The New Indian Express Mysuru.
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