Religare's Rashmi Saluja Says Committed To Uphold Corporate Governance

Financial services company Religare Enterprises (REL) is facing scrutiny from the Insurance Regulatory and Development Authority of India (IRDAI) concerning stock options granted to Rashmi Saluja, the executive chairperson of REL. Saluja, who also serves as the non-executive chairperson of Care Health Insurance, is at the centre of an investigation prompted by a Right to Information (RTI) query submitted by Rahul Kanoj. This RTI query revealed that IRDAI is actively probing the stock option allotment to Saluja. In an interview with Business Today TV, Saluja addressed the ongoing probe and expressed her commitment to the company's governance and market performance. "We stand committed to ensure that with full governance and full strength," Saluja stated. "I am sure shareholders and investors will be taking notice." Saluja also highlighted the company's structure and regulatory compliance. "We are not a promoter-driven company. We are a board company and we adhere to strict regulatory guidelines," she explained. "It definitely pains us quite a lot to see that our efforts have not got converted into the actual share price of the company."