Brief: Raymond - Communication from Independent Directors On MD's Marital Disputes

Raymond

01/12/2023 07:14

Dec 1 (Reuters) - Raymond Ltd  RYMD.NS :
    * RAYMOND LTD-  INDEPENDENT DIRECTORS HAVE BEEN MEETING AND
MONITORING SITUATION
    * RAYMOND LTD-  INDEPENDENT DIRECTORS REITERATE THEIR
COMMITMENT
TO PROTECT INTERESTS OF NON-PROMOTER MINORITY SHAREHOLDERS
    * RAYMOND LTD - ID ARE ALERT TO ENSURE THAT MATRIMONIAL
DISPUTES
BETWEEN TWO PROMOTER DIRECTORS DO NOT AFFECT CAPACITY OF
CHAIRMAN & MD
    * RAYMOND LTD- NEITHER ANY LAW NOR ANY CORPORATE GOVERNANCE
STANDARD REQUIRES INDEPENDENT DIRECTORS TO ENQUIRE INTO
MATRIMONIAL DISPUTES
    * RAYMOND LTD- ID SHALL CONTINUE TO EXERCISE UTMOST
VIGILANCE IN
WATCHING EVOLVING SITUATION
    * RAYMOND LTD - ID SHALL NOT HESITATE TO PROACTIVELY
INITIATE
MEASURES TO PROTECT INTERESTS OF ALL STAKEHOLDERS
    * RAYMOND LTD -  MATRIMONIAL DISPUTES DO NOT AFFECT CAPACITY
OF
CHAIRMAN & MD TO MANAGE AFFAIRS AND BUSINESS OF CO
    * RAYMOND LTD-  INDEPENDENT DIRECTORS HAVE DECIDED TO RETAIN
BERJIS DESAI FOR ADVISING

Source text for Eikon:  ID:nBSErpqrf 
Further company coverage:  RYMD.NS 

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