Gautam Singhania has played a pivotal role in driving strategic choices, such as the reorganization of the Raymond Group and the sale of non-core operations including steel, cement, and synthetics.
In an exchange filing, Raymond confirmed Gautam Hari Singhania’s reappointment as Managing Director, with effect from July 1, 2024, for an additional five-year period. The Board of Directors meeting is where the decision was taken.
The statement mentioned, “The re-appointment of Mr. Gautam Hari Singhania as Managing Director is subject to approval of the Members of the Company and is in compliance with the requirements of Stock Exchange circulars NSE/CML/2018/24 and BSE/LIST/COMP/14/2018-19, both dated June 20, 2018.”
Singhania’s reappointment is contingent upon his potential retirement through rotation.
Since assuming the Chairman and Managing Director position at Raymond Limited in September 2000, Gautam Singhania has played a pivotal role in driving strategic choices, such as the reorganization of the Raymond Group and the sale of non-core operations including steel, cement, and synthetics.
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