Raymond Lifestyle Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 04, 2025. Further, the company has informed the Exchange regarding voting results.
RAYMONDLSL · price
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Raymond Lifestyle Limited held its 7th AGM on August 4, 2025 via video conferencing, and all 9 resolutions were passed with the requisite majority. The resolutions included adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, re-appointment of Mr. Gautam Hari Singhania as a director (retiring by rotation), ratification of cost auditor remuneration, and appointment of DM & Associates as secretarial auditor. Five special resolutions approved the Raymond Lifestyle Employees Stock Option Plan 2025, its extension to group company employees, implementation through a trust, trust authorization for secondary acquisition, and provision of money to the trust. Overall, promoters voted unanimously in favour across all resolutions. Institutional investors showed the most dissent on Resolution 6 (ESOP extension to group company employees), with about 14.94% voting against, while the rest of the resolutions saw less than 3% dissent from institutions.
All key business items including the new ESOP scheme 2025 have shareholder approval, allowing the company to proceed with its employee stock option plan and related trust arrangements. The notable dissent (~10%) from institutional investors on extending the ESOP to group company employees may signal some governance concerns but did not block the resolution. Routine approvals like financial statements, director re-appointment, and auditor ratifications were passed with near-unanimous support.