Raymond re-appoints Gautam Singhania as MD
Gautam Singhania will hold the post for a term of five-year starting July 1, 2024
Raymond has re-appointed Gautam Hari Singhania as the Managing Director, the company said in an exchange filing. Singhania has been re-appointed for a term of five years with effect from July 1, 2024. The decision was taken at the meeting of the Board of Directors today.
“The re-appointment of Mr. Gautam Hari Singhania as Managing Director is subject to 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 statement read.
It further read that Singhania's re-appointment as MD is liable to retire by rotation.
Gautam Singhania took over the reins of Raymond Limited as Chairman & Managing Director in September 2000. He has been responsible for the strategic decision of restructuring the Raymond Group, initiating the divestment of its noncore businesses of Steel, Cement and Synthetics.
