Raymond Limited's Board of Directors, following recommendations from the Nomination & Remuneration Committee, has approved the appointment of two new Additional Directors, designated as Non-Executive Independent Directors. Mr. Tikka Singh (DIN: 06521398) and Mr. Ajoy Mehta (DIN: 00155180) have been appointed for a term of five years, effective from January 1, 2026. Both appointments are subject to the approval of the company's shareholders. The Board meeting where these approvals were granted commenced at 02:00 p.m. and concluded at 02:32 p.m. on December 29, 2025. Mr. Tikka Singh brings extensive experience from his tenure with LVMH, where he played a key role in developing Louis Vuitton's business in India and advising other luxury brands. He is also involved in heritage preservation efforts in Kapurthala and has received the French distinction "Knight of the Legion of Honour". He is not related to any existing Director or Key Managerial Personnel of Raymond Limited. Mr. Ajoy Mehta, a retired Indian Administrative Service (IAS) officer of the 1984 batch, previously served as the Chief Secretary of Maharashtra and Municipal Commissioner of Mumbai. He has a background in engineering from IIT BHU and has focused on affordable housing and sanitation issues during his public service career. He is also not related to any Director or Key Managerial Personnel of the company.