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.

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:

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:

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.