Raymond Lifestyle Announces Resignation of Chief Business Officer

Noor Mohmmed

04/Jan/2025

What’s Covered:

Chief Business Officer of Raymond Home, Vinod Salvi, resigns from the company.
Effective date of resignation: Close of business hours on January 3, 2025.
Details shared in compliance with SEBI regulations, available on the company’s website.

Raymond Lifestyle Limited, formerly known as Raymond Consumer Care Limited, has announced the resignation of Mr. Vinod Salvi, the Chief Business Officer – Raymond Home. The resignation is effective from the close of business hours on January 3, 2025.

Details of the Announcement

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has officially disclosed this development to the BSE Limited and National Stock Exchange of India Limited (NSE).

Mr. Salvi has been a key figure in shaping the business strategies for Raymond Home, contributing significantly to its operations and growth. While the reasons cited for the resignation are not detailed, the company has confirmed the decision aligns with regulatory guidelines.

Official Disclosure

The official communication, including Mr. Salvi’s resignation letter and related details, is available as part of Annexures A and B of the submission to the stock exchanges.

Key details of the resignation are as follows:

Reason for Change: Resignation of Mr. Vinod Salvi, Chief Business Officer – Raymond Home.
Effective Date: January 3, 2025.
Brief Profile and Relationships with Directors: Not applicable.

About Raymond Lifestyle Limited

Raymond Lifestyle, headquartered in Thane, Maharashtra, is a leading name in the lifestyle and home solutions segment. With a commitment to quality and innovation, the company continues to cater to a wide consumer base in India and beyond.

For more information, visit the company’s website at www.raymondlifestyle.com.

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