Raymond Limited has informed the Exchange about change in Management
RAYMOND · price
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Mr. Harmohan Sahni (DIN: 00046068) has stepped down as Executive Director of Raymond Limited effective May 15, 2025, to take on the role of Managing Director at Raymond Realty Limited, the wholly owned subsidiary housing the company's demerged real estate business. He will continue on Raymond Limited's board as a Non-Executive Director, so there is no break in board-level continuity. The move is a direct consequence of the recent demerger of the real estate vertical into a separate subsidiary. The disclosure was filed under Regulation 30 of SEBI Listing Regulations, with Annexure A listing the reason for change as 'Resignation' from the Executive Director position.
Limited impact for Raymond Limited shareholders — Mr. Sahni is not leaving the group but transitioning to lead the newly demerged real estate arm, while retaining a non-executive board seat. The restructuring simply routes a key executive to the subsidiary where the real estate operations now sit, which should be read as internal reorganization rather than a leadership loss.