Raymond Limited , a prominent Indian textile and apparel company, has taken a significant step in its leadership structure. The company's Nomination and Remuneration Committee has recommended the appointment of Harmohan H. Sahni as an Executive Director for a five-year term.

Appointment Process and Regulatory Approvals

The proposed appointment of Sahni is subject to several regulatory approvals, highlighting the complex nature of corporate governance in India's business landscape. A key requirement for this appointment is obtaining security clearance from the Ministry of Home Affairs (MHA).

Aviation Connection

Interestingly, the need for MHA approval stems from Raymond's involvement in the aviation sector. The company operates non-scheduled air transport services, necessitating the security clearance to be routed through the Ministry of Civil Aviation. This detail underscores the diverse business interests of Raymond beyond its core textile and apparel operations.

Next Steps

The final decision on Sahni's appointment rests with Raymond's Board of Directors. The board will consider the appointment only after receiving the necessary approval from the Ministry of Home Affairs. This process ensures compliance with regulatory requirements and maintains the integrity of the appointment procedure.

Implications for Raymond

The potential addition of Harmohan H. Sahni to Raymond's executive team could bring fresh perspectives and expertise to the company. As an Executive Director, Sahni would be expected to play a crucial role in shaping the company's strategies and operations over the next five years, subject to the successful completion of the appointment process.

This development signals Raymond's commitment to strengthening its leadership team as it navigates the evolving business landscape in the textile, apparel, and other sectors it operates in.

Raymond Limited has officially appointed two new Independent Directors to strengthen its board governance. The Board of Directors, meeting on December 29, 2025, approved the appointments of Mr. Tikka Singh and Mr. Ajoy Mehta as Additional Directors designated as Non-Executive Independent Directors, effective January 1, 2026.

Board Appointments Confirmed

The appointments represent the culmination of a process that began with the Nomination and Remuneration Committee's recommendations in August. Both directors will serve five-year terms, marking their first tenure as Independent Directors with the company.

Director Profiles and Expertise

Mr. Tikka Singh

Mr. Tikka Shatrujit Singh brings extensive international business experience, having graduated from Doon School and Delhi University. He worked in finance for 10 years across New York's banking sector, with positions in Hong Kong, London, and Zurich. In 1995, he joined the French multinational group Moët Hennessy-Louis Vuitton (LVMH) as Chief Representative in Asia and was appointed Advisor to the Chairman of Louis Vuitton. He spearheaded Louis Vuitton's business development in India and helped launch Dom Pérignon champagne and Hennessy Cognac in the Indian market. He has been conferred the highest French distinction "Knight of the Legion of Honour."

Mr. Ajoy Mehta

Mr. Ajoy Mehta, aged 65 years, is a retired Indian Administrative Service (IAS) officer from the 1984 batch. He served as Chief Secretary of Maharashtra from May 10, 2019, to February 11, 2021, and subsequently as Chairman of the Maharashtra Real Estate Regulatory Authority from February 12, 2021, to September 20, 2024. As Municipal Commissioner of Mumbai, he worked on affordable housing initiatives and tackled sanitation issues. He completed his engineering from IIT BHU before joining the IAS.

Regulatory Compliance and Next Steps

The appointments comply with stock exchange requirements under circulars NSE/CML/2018/24 and BSE/LIST/COMP/14/2018-19 dated June 20, 2018. The Board meeting, which commenced at 2:00 p.m. and concluded at 2:32 p.m., formalized the appointments that were initially recommended by the Nomination and Remuneration Committee.

Neither Mr. Tikka Singh nor Mr. Ajoy Mehta is related to any existing Director or Key Managerial Personnel of the company, ensuring their independence as per regulatory requirements.