Raymond Limited has informed the Exchange regarding Notice of Postal Ballot
RAYMOND · price
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Raymond Limited has issued a postal ballot notice seeking shareholder approval for three items. First, the appointment of M/s. Chaturvedi & Shah LLP as Statutory Auditor to fill the casual vacancy caused by the mid-term resignation of M/s. Walker Chandiok & Co LLP on November 14, 2025, with remuneration capped at Rs. 30 lakhs plus taxes for FY26. Second, the appointment of Mr. Tikka Singh as Independent Director for a five-year term from January 1, 2026 to December 31, 2030. Third, the appointment of Mr. Ajoy Mehta as Independent Director for the same five-year term. The previous auditor resigned due to insufficient direct audit participation in consolidated operations, as they could not act as principal auditor under Standard on Auditing 600. E-voting runs from January 13, 2026 to February 11, 2026, and results will be declared within two working days after.
Shareholders need to vote on filling an auditor vacancy created by an unexpected mid-term resignation, which could raise governance questions, though the replacement firm is a well-established peer-reviewed practice. The addition of two new independent directors strengthens board composition, and shareholders should monitor e-voting outcomes by February 11, 2026.