Raymond Limited has received a favorable waiver regarding a fine imposed by stock exchanges. The fine was related to a delay in the appointment of an Independent Woman Director and subsequent non-compliance. A communication dated October 10, 2025, confirms the waiver. The waiver pertains to compliance with specific listing regulations. This information is also available on the company website.
Waiver on Fine
Raymond Limited has received a waiver regarding a fine previously imposed by the stock exchanges. The fine was connected to delays in appointing an Independent Woman Director and resulting non-compliance.
Background of the Issue
The initial issue stemmed from a delay in the appointment of an Independent Woman Director, which led to non-compliance in the interim composition of certain committees. The company had previously expressed its intention to file a waiver application. This was initially communicated on November 22, 2024.
Resolution
The company filed a waiver application, which the stock exchanges considered favorably. A communication received on October 10, 2025, confirmed the waiver of the fine related to compliance. This addresses a non-compliance matter previously raised with the company.
Source: BSE
