Gautam Singhania, Chairman and Managing Director, Raymond mentioned, “We thank Ms. Nawaz Modi Singhania for her companies as a Board member through the years. As an organization, we’re dedicated to upholding the very best stage of governance whereas persevering with to navigate the evolving panorama of the trade.”
In 2023, Gautam Singhania publicly introduced his separation from Nawaz, stating that that they had determined to pursue completely different paths. Singhania, married Nawaz Modi, daughter of solicitor Nadar Modi, in 1999.
Additionally Learn: Raymond goals to double aerospace income in three years
Final yr, Nawaz Modi who was a board director of JK Traders, Good advisory-finserve and Raymond Client Care Ltd (RCCL), was faraway from her place in these three firms.
Nawaz Modi Singhania instructed CNBC-TV18, “I used to be on the board of JK Traders, Raymond Client Care Ltd and Good advisory-finserve firms. At this time’s assembly’s agenda was to take away me from the board as the promoter and main shareholder Gautam Singhania has misplaced confidence in me.”
Shares of Raymond are buying and selling 8.2% increased at ₹1,524.5. The inventory has risen 24% to this point this week and is among the many high gainers on the Nifty 500 index.
Additionally Learn: Raymond Q3 Outcomes | Income development of over 40%, margin expands from final yr
First Revealed: Mar 19, 2025 9:49 PM IST
Source link
#Nawaz #Modi #Singhania #resigns #director #Raymond #effective #immediately #CNBC #TV18
