Raymond Limited has appointed Deepal Shah as President – Strategy & Special Projects, effective July 31, 2026. The appointment, classified under Senior Management Personnel (SMP), aims to strengthen the company's strategic leadership capabilities. Shah brings over two decades of experience in finance and business leadership, having previously served in CEO and CFO roles globally.

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

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 background includes significant tenures at All Cargo, DHL, and ITC Group. He is noted for his experience in leading global IT transformation projects, managing large-scale acquisitions, and overseeing mergers and alliances.

Strategic Implications

Shah’s extensive background in finance, global networks, and strategic planning is expected to drive group-wide strategic initiatives for Raymond Limited. The company highlighted his proven track record in implementing key solutions in business development and strategic planning. There are no disclosed relationships between Mr. Shah and the existing directors of the company.

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.