J.K. Investors (Bombay) Limited has filed a regulatory disclosure with stock exchanges regarding the release of encumbrances from shares of Raymond Lifestyle Limited. The disclosure was submitted on December 22, 2025, in compliance with securities market regulations.

Regulatory Compliance Details

The disclosure was made pursuant to Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. J.K. Investors (Bombay) Limited communicated the release of encumbrances from Raymond Lifestyle Limited shares to the relevant regulatory authorities.

Company Information

J.K. Investors (Bombay) Limited operates with CIN number U67120MH1945PLC004603 and is headquartered at New Hind House, Narottam Morarjee Marg, Ballard Estate, Mumbai 400001. The company submitted the disclosure to both major Indian stock exchanges where Raymond Lifestyle Limited shares are traded.

Stock Exchange Communication

The disclosure was formally communicated to:

• BSE Limited: P.J. Towers, Dalal Street, Mumbai-400001
• National Stock Exchange of India Limited: Exchange Plaza, 5th Floor, Bandra-Kurla Complex, Bandra (East), Mumbai-400051

The company also copied Raymond Lifestyle Limited's Company Secretary on the communication, maintaining transparency in the disclosure process. Raymond Lifestyle Limited, formerly known as Raymond Consumer Care Limited, is located at Jekegram, Pokhran Road No.1, Thane (West)-400606, Maharashtra.

Regulatory Significance

The release of encumbrances represents a significant corporate action that requires mandatory disclosure under SEBI regulations. Such disclosures ensure market transparency and keep investors informed about changes in shareholding patterns and security interests in publicly traded companies.

Raymond Lifestyle Limited has announced a postal ballot seeking shareholder approval for the appointment of Mr. Shantilal Pokharna as Non-Executive Non-Independent Director of the company. The notice, dated December 12, 2025, outlines the special resolution required for this appointment.

Postal Ballot Details

The company has scheduled remote e-voting for shareholders to cast their votes electronically on the proposed resolution. The voting process will be facilitated through National Securities Depository Limited (NSDL) platform.

Director Appointment Proposal

Mr. Shantilal Pokharna (DIN: 01289850) was initially appointed as Additional Director (Non-Executive Non-Independent) by the Board of Directors on October 29, 2025, subject to shareholder approval. The appointment requires a special resolution as per the Companies Act, 2013 and SEBI Listing Regulations.

Professional Background

Mr. Pokharna serves as President-Group Commercial Supply Chain of the Raymond group of companies. He has been looking after Lifestyle operations effectively from March 2025 and has successfully managed entire operations. His career spans over 42 years of experience in finance, taxation, accounts, strategy, commercial and general corporate management.

The director joined Raymond group as a Management Trainee and rose to the highest office of President. He has held various leadership roles including Vice President-Sales, Marketing Commercial, where he consolidated Raymond's number 1 market position in the textile business domestically. Mr. Pokharna was instrumental in driving Raymond Retail network expansion to Tier 3 and 4 towns in India.

Age-Related Approval Requirement

As per Regulation 17(1A) of SEBI Listing Regulations, the resolution also seeks member approval for continuation of Mr. Pokharna's directorship beyond the age of 75 years. He will attain 75 years on September 26, 2028, requiring special resolution approval for directorship continuation from that date.

Voting Process and Compliance

The postal ballot notice is being sent electronically only to members whose email addresses are registered with the company or depositories as on the cut-off date. The company has appointed Mr. Dinesh Deora or Mr. T. Kaushik from DM Associates Company Secretaries LLP as scrutinizers for the voting process.

Results will be declared within two working days of voting conclusion and will be uploaded on the company's website and NSDL platform after intimation to stock exchanges. The resolution, if approved by requisite majority, will be deemed passed on January 15, 2026.

Current Board Positions

Mr. Pokharna currently holds directorships in multiple companies and serves as Chairman of various committees including Corporate Social Responsibility Committee and Audit Committee at J.K. Investo Trade (India) Limited. He resigned from Raymond Limited on September 3, 2024, and holds no shares in Raymond Lifestyle Limited as a beneficial owner.