Raymond Lifestyle appoints Satyaki Ghosh as CEO for 5 years

Raymond Lifestyle Limited shareholders approved the appointment of Mr. Satyaki Ghosh as Whole Time Director designated Chief Executive Officer for a period of 5 years from May 06, 2026 to May 05, 2031. The approval was secured during the company's 8th Annual General Meeting held on July 14, 2026, via video conferencing. The appointment brings in a leader with over 29 years of experience across FMCG, textiles, and retail sectors.

Mr. Satyaki Ghosh was previously associated with the Aditya Birla Group, most recently serving as the CEO of Cellulosic Fashion Yarn at Grasim Industries. His career also includes leadership roles at L'Oréal India, PepsiCo India, and Spencer's Retail. He is not related to any of the Directors or Key Managerial Personnel of the company.

The meeting saw the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026. Shareholders also approved a final dividend of Re 1 per share for FY 2025-26. Mr. Gautam Hari Singhania, who retired by rotation, was re-appointed as Director.

Key Resolutions Passed

Item No.	Particulars	Resolution Type
1	Adoption of Audited Standalone and Consolidated Financial Statements for FY26	Ordinary
2	Declaration of final Dividend of Re. 1 per share for FY 2025-26	Ordinary
3	Appointment of Director in place of Mr. Gautam Hari Singhania (DIN: 00020088)	Ordinary
4	Ratification of Cost Auditors' remuneration for FY 2026-27	Ordinary
5	Payment of Commission to Non-Executive Directors based on Net Profits	Special
6	Appointment of Mr. Satyaki Ghosh (DIN: 11375968) as Director and CEO	Special

The resolutions were passed with the requisite majority through remote e-voting and electronic voting during the meeting. The remote e-voting period commenced on July 10, 2026, and concluded on July 13, 2026. The Scrutinizer's report confirmed that 67 shareholders attended the meeting through video conferencing. Priti Alkari, Company Secretary, confirmed the business transacted matched the agenda outlined in the notice dated May 6, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.39%	-5.46%	-9.30%	-24.71%	-42.33%	-74.49%

Raymond Lifestyle Limited announced that Mr. Amit Agarwal has relinquished his position as President – Chairman’s Office and Senior Management Personnel (SMP) effective from the close of business hours on June 30, 2026, due to personal reasons. The company informed the stock exchanges that the cessation of the senior management personnel was pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure was made in compliance with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company confirmed that Mr. Agarwal formally relinquished his office along with all associated duties, responsibilities, and authorities with effect from the aforementioned date.

Details of Cessation

The company provided specific details regarding the change in its senior management personnel in the filing submitted to BSE Limited and the National Stock Exchange of India Limited.

Particulars	Details
Name	Mr. Amit Agarwal
Position	President – Chairman’s Office, Senior Management Personnel
Reason for change	Relinquishment of services due to personal reasons
Date of cessation	Effective from close of business hours of June 30, 2026
Brief Profile	Not Applicable
Disclosure of relationships	Not Applicable

Mr. Amit Agarwal submitted his formal relinquishment letter to the Chairman of Raymond Lifestyle Limited on June 25, 2026. In his communication, he thanked the organization for the support and opportunities provided during his tenure and wished the company continued success in its future endeavors.