RAYMONDNSERaymond Limited· Textile ProductsMediumNeutral
Announced Tue, 5 May · 13:54 IST

Raymond Limited has informed the Exchange regarding Outcome of Board Meeting held on May 05, 2026.

Auditor Resigned MidtermManagement Changes View source PDF

RAYMOND · price

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Price reaction · full curve 14 horizons · vs prior close
+10.9%1-day move
₹467.15
prior close
₹434.40
base price
In-mkt
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+1.0+0.9+0.3+1.6+10.9+9.4+10.1+6.0+2.6-1.3+18.5+8.7+32.5
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AI summary

Raymond Limited's Board meeting on May 5, 2026 approved the appointment of Price Waterhouse Chartered Accountants LLP (PwC) as the new Statutory Auditors for a 5-year term from the conclusion of the 101st AGM until the 106th AGM. This appointment is subject to shareholder approval. The current auditors, Chaturvedi & Shah LLP, were appointed in December 2025 to fill a casual vacancy caused by the resignation of the previous auditor, and their term ends at the upcoming AGM. PwC is a large established CA firm registered with ICAI since 1991, converted to LLP in 2014, with 17 branch offices and 125+ Assurance Partners.

Likely market impact

This is a routine auditor change reflecting normal corporate governance procedures. The switch from Chaturvedi & Shah to PwC is not unusual given the temporary nature of the previous appointment. Shareholders should note this change for the upcoming AGM.