Please find attached intimation regarding Resignation of Director.
RAYMONDLSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Raymond Lifestyle Ltd announced the resignation of Mr. Shantilal Pokharna from the position of Non-Executive Non-Independent Director, effective May 6, 2026. The resignation was tendered on April 22, 2026, citing superannuation (retirement from service) as the reason. The Board of Directors accepted his resignation during their meeting held on May 6, 2026. The company clarified there are no material reasons for the resignation other than retirement. Mr. Pokharna also served as Occupier of the Company and has tendered his resignation from that role as well. The resignation appears to be a routine, amicable departure with no governance concerns indicated.
This is a routine director resignation due to retirement and unlikely to have any material impact on the company's operations or stock price. The departure of a Non-Executive Non-Independent Director at age-related retirement does not signal any governance issues or strategic concerns.