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Mumbai: Raymond Limited announced the resignation of Nawaz Modi Singhania as a Director, effective immediately.
Commenting on the resignation, Gautam Singhania, Chairman and Managing Director, Raymond Limited, said:
“We thank Ms. Nawaz Modi Singhania for her services as a Board member over the years. As a company, we are committed to upholding the highest level of governance while continuing to navigate the evolving landscape of the industry.”
As per the media reports, Nawaz Modi Singhania said:
“I was on the board of JK Investors, Raymond Consumer Care Ltd and Smart advisory-finserve companies. Today’s meeting’s agenda was to remove me from the board as the promoter and major shareholder Gautam Singhania has lost confidence in me.”
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