Raymond Lifestyle Limited has informed the Exchange regarding Cessation of Mr Mahendra Doshi as Non- Executive Independent Director of the company w.e.f. August 06, 2025.
RAYMONDLSL · price
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Mr. Mahendra Doshi, an Independent Director (Non-Executive) of Raymond Lifestyle Limited, passed away on August 06, 2025, resulting in his cessation from the Board. He had been associated with the Raymond Group for over 10 years and brought expertise in finance, capital markets, and business administration. He served as Chairman of the Stakeholders Relationship Committee and was a member of the CSR Committee and Investment & Finance Committee. The company has informed both NSE and BSE about this development as required under SEBI listing regulations.
The Board loses an experienced independent director with deep financial expertise. Investors should watch for the company to fill this vacancy in due course to maintain the required composition of independent directors on the Board. This is a personal loss and not a governance concern, so the long-term impact on the stock is likely minimal.