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In a market filing, the five independent directors said they are monitoring the situation arising out of the feud between Singhania and Modi to ensure that it does not affect his capacity to manage the affairs and business of the company
Independent directors of Raymond said they are monitoring the situation arising out of matrimonial dispute of company's Chairman and Managing Director Gautam Singhania to ensure it doesn't affect his capacity to manage affairs and business of firm.
The independent directors (IDs) of Raymond Limited have said that neither any law nor any corporate governance standard requires them to inquire into, investigate, or delve into the merits or otherwise, of such matrimonial disputes, which lie ...
Independent directors of Raymond Ltd on Friday said they are monitoring the situation arising out of the matrimonial dispute of company's Chairman and Managing Director Gautam Singhania to ensure it does not affect his capacity to manage the affairs and business of the firm. In a joint communication shared on BSE by the company, the independent directors also said they have decided to retain Berjis Desai, a senior independent legal counsel, who has no links with promoters or the company, for advising them.
While maintaining that they are alert to ensure that the marital disputes between the two promoter directors do not affect the company, independent directors (IDs) of Raymond Ltd decided to retain senior counsel Berjis Desai to advise them.