Following its demerger from Raymond, Raymond Lifestyle‘s shareholders have approved the appointments of Gautam Hari Singhania as Executive Chairman and Sunil Kataria as Managing Director through a special resolution.
Under the Companies Act 2013, a special resolution requires at least 75% of votes in favor to pass. Singhania’s appointment received 86.85% of the total votes cast, demonstrating strong shareholder support despite earlier objections raised by proxy advisory firms. Similarly, Kataria secured 89.66% of votes in favor, reinforcing his selection as Managing Director during the same AGM.
Raymond Lifestyle, which debuted on the stock exchanges on September 5, 2024, has benefited from Singhania’s leadership in both Raymond and Raymond Lifestyle. The Singhania family and affiliates collectively hold a 54.68% stake in Raymond Lifestyle, solidifying their influence on the company’s strategic direction.
Sunil Kataria, prior to joining The Raymond Group in March 2022, built an illustrious career spanning over a decade with Godrej Consumer Products. There, he advanced from Head of Sales and Marketing (India and SAARC) in 2011 to COO of Sales and Marketing (India and SAARC) in 2013, and ultimately to CEO (India and SAARC) in 2015.
Kataria’s experience also includes roles as Circle Head at Idea Cellular, Senior President at Subhiksha Trading Services, VP-Marketing at VIP Industries, and over seven years with Marico. His diverse expertise positions him well to lead Raymond Lifestyle into its next phase of growth.
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