Raymond, India’s diversified conglomerate with majority business interests in Textile & Apparel sectors, announced it has appointed Shantilal Pokharna as an Additional Director, with effect from July 23, 2021.
According to the company’s exchange filing, “We hereby inform that the Board of Directors of the Company, based on the recommendations of the Nomination and Remuneration Committee has appointed Shri Shantilal Pokharna (DIN: 01289850) as an Additional Director designated as Non-Executive Director with effect from July 23, 2021. The Ministry of Civil Aviation, Government of India, has granted necessary security clearance to the appointment of Shri Pokharna on the Board of Raymond Limited vide their letter no. AV-14015/ 480/ 2015-DT dated July 20, 2021.”
S. L. Pokharna is currently associated with the Company as the President – Group Commercial & Supply Chain. He has been with Raymond Group since 1981 and prior to his current role has held various leadership roles across the Group.
The appointment of Shri S. L. Pokharna as Additional Director designated as Non-Executive Director is subject to the 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, the company said in its statement.
“Further, we hereby inform that Shri Surya Kant Gupta, Non-Executive Director (DIN: 00323759) has resigned from the Company with effect from July 23, 2021 due to personal reasons. There are no material reasons for his resignation other than as aforementioned,” the company said.
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