Raymond Lifestyle Limited has informed the Exchange regarding Demise of Mr. Mahendra Doshi, Non- Executive Independent Director of the company on August 06, 2025.
RAYMONDLSL · price
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Raymond Lifestyle Limited has informed the stock exchanges about the sad demise of Mr. Mahendra Doshi, a Non-Executive Independent Director, on August 06, 2025. Mr. Doshi had been associated with the Raymond Group for over 10 years and served on the board as Chairman of the Stakeholders Relationship Committee and as a member of the CSR and Investment & Finance Committees. He brought expertise in finance, capital markets, and business administration to the company. The filing is a regulatory disclosure under SEBI Listing Regulations and the company has not yet announced a replacement director.
This is a routine disclosure due to an unfortunate event and is unlikely to materially impact the stock price. However, the company will need to fill the independent director vacancy within the SEBI-prescribed timeline to maintain board composition compliance.