Raymond Limited — Important, 18-12-2024: General Updates

The Nomination and Remuneration Committee has recommended the appointment of Mrs. Rashmi Mundada as an Independent Woman Director for a two-year term, pending regulatory approvals. With over 22 years of experience in auditing, tax, risk management, and project finance, Mrs. Mundada is a fellow member of the Institute of Chartered Accountants of India. She currently serves on the boards of multiple companies, bringing valuable expertise to the organization. This appointment follows the completion of the term of the previous Woman Independent Director. Investors should view this development as part of the company's commitment to enhancing governance and expertise on the board, reflecting a positive outlook for strategic oversight and decision-making.