Raymond Limited has informed the Exchange about General Updates
RAYMOND · price
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Raymond Limited's Nomination and Remuneration Committee has recommended the appointment of Mr. Tikka Singh (DIN: 06521398) and Mr. Ajoy Mehta (DIN: 00155180) as Independent Directors, each for a first term of five years. The appointments are subject to regulatory approvals, including a mandatory security clearance from the Ministry of Home Affairs (MHA) through the Ministry of Civil Aviation, since Raymond is also in the non-scheduled air transport services business. The Board will formally consider these appointments after receiving the necessary MHA clearance. A detailed intimation with full disclosures will follow once the Board approves the appointments.
This is a routine board reconstitution update with no immediate impact on shareholders. The addition of two Independent Directors, once approved, will strengthen board composition, but the appointments are still pending regulatory clearance so there is no actionable change for investors at this stage.