Raymond Lifestyle Limited has announced the departure of Mr. Shantilal Pokharna, who served as a Non-Executive Non-Independent Director. His resignation is a result of his retirement from service. The Board of Directors accepted his request during their meeting held on May 6, 2026. Consequently, Mr. Pokharna has officially ceased his role as a Director and Occupier of the company effective immediately.
Board Leadership Change
In a formal announcement, Raymond Lifestyle Limited confirmed that Mr. Shantilal Pokharna has stepped down from his position on the Board of Directors. His decision to resign comes after a dedicated tenure, with his retirement cited as the primary reason for his departure. The company’s Board held a meeting on May 6, 2026, to formally accept his resignation, marking the end of his service to the firm.
Transition Details
Mr. Pokharna, who held the role of Non-Executive Non-Independent Director, also served as an Occupier for the organization. As of May 6, 2026, he has relinquished all associated responsibilities. The company has verified that there are no other underlying material reasons for this change, confirming the departure is strictly related to his superannuation and retirement plans.
Source: BSE
