Raymond has informed that the Nomination and Remuneration Committee at its meeting held on July 12, 2022 has recommended the appointment of Atul Singh as an Executive Vice Chairman to the Board of Directors of the Company subject to regulatory approvals. The Company is also in the business of Non-scheduled Air Transport Services, and therefore before appointment of any person as Director, the Company is required to obtain prior security clearance of the appointment from the Ministry of Home Affairs (MHA) through Ministry of Civil Aviation, as contained in CAR Section 3 Series C Part III Para 10.1. Accordingly, the Board of Directors will consider his appointment post receipt of necessary approval from MHA. A Press Release containing the profile of Atul Singh is also attached.
The above information is a part of company’s filings submitted to BSE.
