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Raymond Lifestyle appoints new leaders amid shareholder approval and governance concerns.
Raymond Lifestyle, a textile company, appointed Gautam Hari Singhania as Executive Chairman and Sunil Kataria as Managing Director, with shareholders voting in favor by 86.85%.
Proxy advisory firms advised against Singhania's appointment over concerns about governance and remuneration.
Raymond Lifestyle recently listed on exchanges following a demerger from Raymond Ltd.
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Raymond Lifestyle nombra nuevos líderes en medio de la aprobación de accionistas y preocupaciones de gobierno.