Raymond Limited has announced that its Nomination and Remuneration Committee recommended the appointment of Mr. Jatin Khanna (DIN: 07089135) as a Non-Executive Non-Independent Director. This recommendation was formalized on February 20, 2026. The appointment is contingent upon approval from the Board, shareholders, and necessary regulatory clearances, including security clearance from the Ministry of Home Affairs due to the Company’s operations in Non-scheduled Air Transport Services.
Recommendation for Director Appointment
Raymond Limited has formally informed the stock exchanges regarding a key leadership recommendation. On February 20, 2026, the Nomination and Remuneration Committee (NRC) passed a resolution recommending the appointment of Mr. Jatin Khanna, whose Director Identification Number (DIN) is 07089135. Mr. Khanna is proposed to serve as a Non-Executive Non-Independent Director of the Company.
Regulatory and Operational Clearances Required
The proposed appointment is subject to several approvals, including those from the Board of Directors and the Shareholders of Raymond Limited. A critical requirement arises because the Company is engaged in Non-scheduled Air Transport Services. Consequently, the appointment mandates securing prior security clearance for the Director from the Ministry of Home Affairs (MHA), which will be sought via the Ministry of Civil Aviation.
The Board of Directors will proceed with considering the appointment only after receiving the necessary clearance from the MHA. The proposal is noted to be in compliance with relevant circulars issued by the stock exchanges concerning the appointment of independent and non-independent directors.
Next Steps for Disclosure
Further detailed intimation, containing all requisite particulars as mandated by the relevant regulatory circulars dated November 11, 2024, will be furnished upon the official approval of the appointment by the Board of Directors.
The communication was authorized and signed by Rakesh Darji, Company Secretary, on February 20, 2026.
Source: BSE
