Raymond Limited has informed the Exchange regarding Notice of Postal Ballot
RAYMOND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Raymond Limited has sent out a Postal Ballot notice to shareholders seeking their approval for the appointment of Mrs. Rashmi Mundada (DIN: 08086902) as an Independent Director of the company. Mrs. Mundada, a fellow Chartered Accountant with over 22 years of experience in auditing, taxation, GST, risk management and project finance, was initially appointed as an Additional Director on March 28, 2025. The postal ballot seeks to regularize her appointment as Independent Director for a two-year term from March 28, 2025 to March 27, 2027. Shareholders can vote electronically through NSDL's e-voting platform between May 22, 2025 and June 20, 2025. The resolution is proposed as a Special Resolution and the results will be declared within two working days of the conclusion of the ballot.
This is a routine governance event with no material impact on the stock. Approval of an Independent Director strengthens board composition and aligns with SEBI's requirements for adequate independent oversight.