Raymond once again appointed Gautam Hari Singhania as the managing director of the company for the next 5 years. This decision of the company was approved by the shareholders in Raymond’s Annual General Meeting on Thursday (27 June). Gautam Singhania’s new term will start from July 1, 2024. Gautam Singhania’s new term will start from July 1, 2024. The company gave this information in the stock exchange filing. The company confirmed that this re-appointment has been done as per the requirement of stock exchange circulars. Raymond’s shareholder advising firm had opposed Singhania’s appointment a few days ago. The firm had also advised for an independent investigation into the domestic violence and misuse of funds case leveled by Gautam Singhania’s wife Nawaz Modi. The firm had advised that Gautam should resign from the board The firm had also advised that Gautam Singhania and Nawaz Modi should resign from the Raymond board. The firm had said that they should not remain part of the board until the divorce issue is resolved, and an independent investigation should continue. Read this news too… Singhania said- personal life has nothing to do with business: My personal life is mine; ₹ 10,000 crore Raymond Group is growing rapidly Gautam Singhania, Chairman and Managing Director of garments and apparel company Raymond, said that his personal life has nothing to do with his business. He said, ‘I have nothing to comment on what has happened between us. I am completely focused on my business and will keep an eye on the results.’ Read full news…
