Raymond Lifestyle Limited Completes Postal Ballot for Director Appointment with Overwhelming Shareholder Support

Raymond Lifestyle Limited has successfully completed its postal ballot process for appointing Mr. Shantilal Pokharna as a Non-Executive Non-Independent Director, with shareholders demonstrating overwhelming support for the proposal. The special resolution received approval from 99.75% of the votes cast, reflecting strong confidence in the board's decision.

Voting Results and Participation

The postal ballot process witnessed significant shareholder participation across different categories. The detailed voting breakdown demonstrates the resolution's strong acceptance:

Category	Total Shares	Votes Polled	Polling %	Votes in Favor	Votes Against	Approval %
Promoter Group	35,285,444	33,303,204	94.38%	33,303,204	0	100.00%
Public Institutions	9,568,702	6,581,500	68.78%	6,489,767	91,733	98.61%
Public Non-Institutions	16,069,483	52,077	0.32%	43,706	8,371	83.93%
Total	60,923,629	39,936,781	65.55%	39,836,677	100,104	99.75%

A total of 748 members participated in the voting process, with 680 members voting in favor and 68 members voting against the resolution. No invalid votes were recorded during the process.

Process Timeline and Compliance

The postal ballot process followed a structured timeline ensuring regulatory compliance. Key milestones included:

Event	Date
Record Date	December 12, 2025
Postal Ballot Notice	December 12, 2025
Notice Dispatch Completion	December 16, 2025
Public Announcement	December 17, 2025
E-voting Commencement	December 17, 2025 (9:00 AM)
E-voting Conclusion	January 15, 2026 (5:00 PM)
Results Declaration	January 15, 2026

The company engaged National Securities Depository Limited (NSDL) for facilitating remote e-voting through their designated website. Public announcements regarding the completion of notice dispatch were made in Business Standard (English) and Loksatta (Marathi) newspapers.

Scrutinizer Oversight and Regulatory Framework

CS Dinesh Kumar Deora from DM & Associates Company Secretaries LLP served as the appointed scrutinizer for the postal ballot process. The appointment was made during the board meeting held on December 12, 2025, with the scrutinizer's report issued on January 15, 2026.

The entire process was conducted in accordance with:

Sections 108 and 110 of the Companies Act, 2013
Companies (Management and Administration) Rules, 2014
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Multiple MCA circulars issued between 2020-2025 for e-voting procedures

Director Appointment Details

Mr. Shantilal Pokharna's appointment as Non-Executive Non-Independent Director complies with stock exchange circulars 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 resolution was categorized as a special resolution, requiring approval from at least 75% of the votes cast. With 99.75% approval, the resolution significantly exceeded the minimum threshold, demonstrating strong shareholder confidence in the appointment.

Regulatory Disclosure and Documentation

The voting results and scrutinizer's report have been made available on the company's website at raymondlifestyle.com and NSDL's e-voting portal at www.evoting.nsdl.com . The company has fulfilled all disclosure requirements under Regulation 44 of SEBI listing regulations, ensuring transparency in the corporate governance process.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.79%	-5.99%	-17.02%	-25.61%	-47.60%	-67.06%

J.K. Investors (Bombay) Limited has created a fresh pledge on 2,00,000 shares of Raymond Lifestyle Limited with Bajaj Finance Limited as collateral for loans taken by the company and group companies. The pledge creation was executed on January 8, 2026, and formally disclosed to stock exchanges on January 14, 2026, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Pledge Transaction Details

The latest pledge transaction has increased J.K. Investors' total encumbered shareholding in Raymond Lifestyle Limited. The disclosure was made pursuant to Regulation 31(2) of SEBI Takeover Regulations for creation of encumbrances on promoter shares.

Parameter:	Details
Shares Pledged:	2,00,000 shares
Pledge Date:	January 8, 2026
Beneficiary:	Bajaj Finance Limited
Purpose:	Collateral for loans taken by company/group companies
Encumbrance Type:	Pledge Create

Updated Shareholding Position

Following the fresh pledge creation, J.K. Investors' shareholding and encumbrance position in Raymond Lifestyle Limited has been updated. The promoter entity maintains its substantial holding while increasing its pledged portion.

Shareholding Details:	Current Position
Total Shares Held:	2,31,65,400 shares
Percentage Holding:	38.02%
Previously Pledged:	55,08,676 shares (9.04%)
Fresh Pledge:	2,00,000 shares (0.33%)
Total Pledged Shares:	57,08,676 shares
Total Pledged Percentage:	9.37%

Promoter Group Holdings

The disclosure also provides a comprehensive view of other promoter group entities' shareholdings in Raymond Lifestyle Limited. Other significant promoter holdings include J.K. Investo Trade (India) Limited with 66,20,069 shares (10.87%) and J.K. Helene Curtis Limited holding 28,73,640 shares (4.72%). Raymond Limited, another group entity, holds 15,05,000 shares representing 2.47% of the total share capital.

Regulatory Compliance

The disclosure was made by Arun Agarwal, Authorised Signatory of J.K. Investors (Bombay) Limited, and submitted to both BSE Limited (Scrip Code: 544240) and National Stock Exchange of India Limited (Symbol: RAYMONDLSL). The company has also informed Raymond Lifestyle Limited's management at their registered office in Thane, Maharashtra, ensuring full regulatory compliance under SEBI guidelines.