Raymond Lifestyle Limited has announced a key leadership appointment, naming Mr. Satyaki Ghosh as Chief Executive Officer and Key Managerial Personnel effective January 19, 2026. The appointment was approved by the Board of Directors at their meeting held on January 19, 2026, which commenced at 2:30 p.m. and concluded at 3:00 p.m.

Leadership Appointment Details

The company has filed the necessary intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with both BSE Limited and National Stock Exchange of India Limited. The appointment represents a strategic move to strengthen the company's leadership team.

Professional Background and Experience

Satyaki Ghosh brings over 25 years of comprehensive experience across FMCG, textiles, retail, and consumer businesses, with deep expertise spanning both B2B and B2C environments. He joins Raymond Lifestyle Limited from the Aditya Birla Group, where he most recently served as Chief Executive Officer – Cellulosic Fashion Yarn at Grasim Industries, leading a large, manufacturing-intensive business with a strong focus on operational excellence, sustainability, and profitable growth.

Career Progression

Ghosh's career trajectory demonstrates progressive leadership across multiple industry verticals:

Brand and Business Expertise

During his tenure at L'Oréal India, Ghosh held senior leadership roles including Director – Consumer Products Division, with responsibility for several leading global brands such as L'Oréal Paris, Garnier, and Maybelline. His experience with the Aditya Birla Group included overseeing complex global manufacturing footprints and multi-country operations.

Core Competencies

Throughout his career, Ghosh has demonstrated strong capabilities in several key areas:

• Strategic leadership and business transformation
• Operational rigor and excellence
• Talent development and people leadership
• Sales, marketing, and supply chain management
• Sustainable business outcomes delivery

His extensive experience across large, scaled organizations provides him with a comprehensive foundation in various business functions essential for leading Raymond Lifestyle Limited's operations and growth initiatives.

Regulatory Compliance

The company has ensured full compliance with regulatory requirements, filing the necessary documentation with stock exchanges and making the information available on the company website at www.raymondlifestyle.com . The appointment follows all prescribed guidelines under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Raymond Lifestyle Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving the appointment of Mr. Shantilal Pokharna as a Non-Executive Non-Independent Director. The voting concluded on January 15, 2026, marking a significant milestone in the company's corporate governance structure.

Overwhelming Shareholder Support

The special resolution received exceptional support from shareholders across all categories. The voting results demonstrate strong confidence in the proposed appointment:

The resolution required a special majority and was passed with the requisite approval, with 680 members voting in favor and only 68 members voting against the proposal.

Postal Ballot Process Details

The postal ballot process was conducted in accordance with the Companies Act, 2013, and SEBI regulations. Key process parameters included:

The remote e-voting facility was provided through NSDL's platform, enabling shareholders to cast their votes electronically. Public announcements regarding the completion of notice dispatch were made on December 17, 2025, in Business Standard (English) and Loksatta (Marathi) newspapers.

Director Appointment Compliance

Mr. Shantilal Pokharna's appointment as Non-Executive Non-Independent Director (DIN: 01289850) complies with stock exchange circular requirements NSE/CML/2018/24 and BSE/LIST/COMP/14/2018-19, both dated June 20, 2018. His detailed profile and relevant credentials were included in the postal ballot notice dated December 12, 2025.

The appointment strengthens Raymond Lifestyle Limited's board composition and aligns with the company's corporate governance framework. The overwhelming shareholder support reflects confidence in the proposed director's ability to contribute to the company's strategic direction.

Regulatory Compliance and Documentation

The postal ballot process was conducted under the supervision of CS Dinesh Kumar Deora (Membership No. 5683) from DM & Associates Company Secretaries LLP, who was appointed as scrutinizer by the board on December 12, 2025. The scrutinizer's report and detailed voting results have been made available on the company's website and NSDL's e-voting portal.

The voting results and scrutinizer's report fulfill the disclosure requirements under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in the corporate decision-making process.