Raymond Limited — Important, 16-01-2025: General Updates

The Nomination and Remuneration Committee has recommended the appointment of Mrs. Dipali Sheth as an Independent Woman Director on the Board of Raymond Limited for a term of five years, pending necessary regulatory approvals, including security clearance from the Directorate General of Civil Aviation. Mrs. Sheth has a robust profile with experience as an Independent Director at several companies including DFM Foods and Adani Wilmar. She has diverse expertise in HR, Marketing, and Sales, notably from her 12 years at Standard Chartered Bank, where she held key leadership roles. Her appointment is expected to enhance the Board’s credibility and expertise, particularly in human resources. This addition could positively influence Raymond's strategic direction, providing opportunities to leverage her extensive industry knowledge.