Religare Enterprises Limited (REL) announced that its material subsidiary, Care Health Insurance Limited (CHIL), has received a Rectification Order dated April 28, 2026, from the Income-Tax Department. This order addresses a technical error in a previous demand order for Assessment Year 2023-24. The rectification has significantly reduced CHIL's net tax liability from ₹89.02 Crore to ₹45.16 Crore. The company had filed an application for rectification due to a mistake apparent from the records, which has now been upheld. CHIL is also defending an appeal against additions made in the assessment order for AY 2023-24, which is currently pending adjudication. The financials of CHIL are consolidated with REL.
