Raymond Lifestyle Limited has informed the Exchange regarding Resignation of Mr Shantilal Pokharna as Non- Executive Director of the company w.e.f. May 06, 2026.
RAYMONDLSL · price
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Mr Shantilal Pokharna has resigned as Non-Executive Non-Independent Director of Raymond Lifestyle Limited. The resignation was effective May 6, 2026, and was accepted by the Board of Directors at their meeting held that day. The stated reason for resignation is retirement from service due to superannuation. The company has confirmed there are no material reasons behind the resignation other than the retirement. Mr Pokharna had served as Director and Occupier of the Company, and his resignation letter was dated April 22, 2026.
This is a routine board change due to retirement and is unlikely to have any material impact on the company's operations or stock price. The board will need to fill the vacancy either through appointment or restructuring.