Raymond Limited — Important, 07-02-2025: Updates

The Board of Directors has acknowledged the non-compliance issues raised by the stock exchanges regarding the appointment of Independent Women Directors. Acknowledging the actions taken by the exchanges, the Board noted the recommendations made by the Nomination and Remuneration Committee for the appointment of two Independent Women Directors, subject to necessary security clearance from the Ministry of Home Affairs. Applications for clearance have already been submitted. This proactive approach demonstrates the company's commitment to corporate governance and could enhance investor confidence as they work towards compliance. Investors should watch closely for updates on the clearance status and subsequent appointments.