Raymond Limited has appointed Deepal Shah as President – Strategy & Special Projects, effective July 31, 2026. This appointment strengthens the company's senior management team by adding a leader with over two decades of experience in finance and global business operations. Shah’s background in leading IT transformations and managing acquisitions is expected to drive group-wide strategic initiatives.

The intimation was submitted to the Bombay Stock Exchange and the National Stock Exchange on July 31, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. Rakesh Darji, Company Secretary, filed the intimation on behalf of the company.

Leadership Profile

Deepal Shah is a Chartered Accountant who has completed advanced management programs at the Indian School of Business, Jamnalal Bajaj Institute of Management Studies, and Kellogg School of Management. His professional career includes significant tenures at All Cargo, DHL, and ITC Group. He has previously served in Chief Executive Officer and Chief Financial Officer roles globally.

Strategic Implications

Shah’s extensive background in finance, global networks, and strategic planning positions him to oversee key business development solutions. The company highlighted his proven track record in implementing critical solutions in IT, strategic planning, and business development. There are no disclosed relationships between Mr. Shah and the existing directors of Raymond Limited.

Raymond Limited shareholders have appointed M/s. Price Waterhouse, Chartered Accountants LLP as the statutory auditor for a term of five years at the 101st Annual General Meeting held on July 14, 2026. The appointment is effective from the conclusion of the 101st AGM until the conclusion of the 106th AGM. Consequently, M/s. Chaturvedi & Shah LLP, who were filling a casual vacancy, have ceased to hold office. The firm, registered with the Institute of Chartered Accountants of India, brings extensive experience in auditing listed companies in India.

Auditor Details

M/s. Price Waterhouse Chartered Accountants LLP holds Firm Registration Number 012754N/N500016. Established in 1991 and converted into a limited liability partnership in 2014, the firm operates from its registered office in New Delhi and 17 branch offices across India. It is a member firm of Price Waterhouse & Affiliates and holds a valid peer review certificate.