Change in Director / Key Managerial Personnel

  • Nature of change: Appointment of Mr. Deepal Shah as President - Strategy & Special Projects, classified as Senior Management Personnel (SMP) of the Company.
  • Name and details: Mr. Deepal Shah. No DIN (Director Identification Number) is provided in the disclosure.
  • Effective date: July 31, 2026. No specific term of appointment is disclosed.
  • Brief profile and qualifications: Mr. Deepal Shah is a Chartered Accountant. He has completed advanced management programs at the Indian School of Business, Jamnalal Bajaj Institute of Management Studies, and Kellogg School of Management. He brings over two decades of leadership experience in business and finance, having successfully navigated both CEO and CFO roles globally and in India. His extensive background includes leading global IT transformation projects, managing large-scale acquisitions, and overseeing mergers and alliances. He has been a proven leader and implemented key solutions in the fields of Finance, Global Networks, IT, strategic planning and business development. In the past, he has served in All Cargo, DHL and ITC Group.
  • Confirmation of eligibility: The disclosure states the appointment is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, implying compliance with norms. No specific declaration of non-disqualification is mentioned.
  • Relationship with other directors or promoters: The disclosure explicitly states "Not Applicable" for relationships between directors.
  • Previous KMP: The disclosure does not mention who held the position earlier or the nature of their exit. It is not stated if the succession is planned or interim.

Key Financial or Operational Approvals

This section is not applicable to the current disclosure. The filing is solely regarding a management appointment and does not contain any information on financial results, fundraising, acquisitions, or dividends.

Strategic or Business Context

The appointment is framed within a strategic context. The disclosure highlights that Mr. Shah's experience makes him "exceptionally well-suited to drive our group-wide strategic initiatives." His specific background in leading global IT transformation projects, managing large-scale acquisitions, and overseeing mergers and alliances is noted as directly relevant to the role of President - Strategy & Special Projects.

Any Other Material Information

  • Regulatory compliance: The intimation is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The required details are provided as per the accompanying Annexure A.
  • Company Website: The information is also available on the company's website at https://www.raymond.in.