Raymond Lifestyle Director Shantilal Pokharna Resigns Ahead of 2026 Retirement

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AuthorRiya Kapoor|Published at:
Raymond Lifestyle Director Shantilal Pokharna Resigns Ahead of 2026 Retirement
Overview

Raymond Lifestyle Limited's Board of Directors has accepted the resignation of Mr. Shantilal Pokharna, a Non-Executive Non-Independent Director. His resignation, effective May 6, 2026, is attributed to his retirement. The company stated there are no other material reasons for his departure.

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Raymond Lifestyle Limited has announced the resignation of its Non-Executive Non-Independent Director, Mr. Shantilal Pokharna. His resignation is effective May 6, 2026.

The company confirmed that Mr. Pokharna's departure is solely due to his retirement from service. Raymond Lifestyle Limited stated that there are no other material reasons for his decision.

Prior to this, Mr. Pokharna had also resigned as a Non-Executive Director from Raymond Limited on September 3, 2024.

The change on the board comes amid ongoing investor attention to corporate governance within the Raymond Group. Past concerns regarding transparency and leadership appointments have been noted by advisory firms. Raymond Lifestyle Limited's stock, for example, experienced a significant drop of 60% in the six months following its demerger, which was attributed to perceived governance lapses. The confirmation of retirement as the sole reason for Mr. Pokharna's exit offers clarity on this specific board transition.

This change will alter the board composition of Raymond Lifestyle Limited.

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