Raymond Lifestyle Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 04, 2025
RAYMONDLSL · price
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Raymond Lifestyle Limited has notified shareholders that its 7th Annual General Meeting (AGM) will be held on Monday, August 4, 2025 at 3:00 PM IST via video conferencing. The cut-off date for e-voting eligibility is July 28, 2025, with remote e-voting open from July 31 to August 3, 2025. Ordinary business includes adoption of audited standalone and consolidated financial statements for FY24-25 and re-appointment of Mr. Gautam Hari Singhania (DIN: 00020088) as a Director, who retires by rotation. Special business includes ratification of cost auditors' remuneration (up to ₹7,18,000 for FY 2025-26) and appointment of M/s DM & Associates as Secretarial Auditors for a 5-year term (FY 2025-26 to FY 2029-30). The most significant item is the proposal to introduce the 'Raymond Lifestyle Employees Stock Option Plan 2025' (RLL ESOP 2025), covering up to 13,44,470 stock options (~2.21% of paid-up equity capital), to be implemented through a Trust, with provisions for secondary acquisition of up to 2,40,000 shares (~0.39%) and loan funding up to 5% of paid-up capital and free reserves.
Beyond routine AGM items, shareholders should pay close attention to the ESOP 2025 proposal, which—if approved—could lead to equity dilution of up to 2.21% via primary issuance plus an additional 0.39% via secondary market purchases by the Trust. The re-appointment of Gautam Hari Singhania ensures continuity of promoter leadership. Overall, this is largely procedural, but the ESOP resolution warrants shareholder review before voting.