Raymond Lifestyle Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 04, 2025
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Raymond Lifestyle Limited held its 7th AGM on August 4, 2025, from 3:00 PM to 3:58 PM, via video conferencing. A total of 9 resolutions were transacted, including 5 ordinary and 4 special resolutions. Ordinary business covered the adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, the re-appointment of Mr. Gautam Hari Singhania (DIN: 00020088) as a director retiring by rotation, ratification of cost auditors' remuneration for FY2025-26, and the appointment of M/s. DM & Associates as Secretarial Auditor. The four special resolutions related to the approval and implementation of the 'Raymond Lifestyle Employees Stock Option Plan 2025', its extension to group company employees, execution through a trust, secondary acquisition by the trust, and provision of money by the company to the trust. Voting results (remote e-voting and e-voting at the AGM) along with the Scrutinizer's Report will be shared with the stock exchanges and posted on the company's website in due course.
The AGM was held smoothly with all agenda items transacted, indicating routine corporate governance compliance. Shareholders should watch for the voting results, particularly on the ESOP-related resolutions, which could lead to equity dilution if approved.