Raymond Lifestyle Limited has officially announced the resignation of its Managing Director & Chief Executive Officer, Sunil Kataria. In a regulatory filing with the Bombay Stock Exchange (BSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company confirmed that the Board of Directors has accepted his resignation.
Kataria’s tenure will conclude at the close of business hours on March 31, 2025. His departure marks a significant transition for Raymond Lifestyle, a brand known for its legacy in premium apparel and fashion retail. The company has expressed its appreciation for Kataria’s contributions during his leadership, with further details regarding succession planning expected to be shared in due course.
Confirming the development the company stated, “Sunil Kataria has been instrumental in steering Raymond Lifestyle through a transformative phase. We respect his decision and wish him the very best in his future endeavors.”
As per the BSE filing, Sunil Kataria has resigned to explore a new career opportunity. The company has also clarified that there are no other material reasons for his departure beyond those stated in his resignation letter. To ensure business continuity and a seamless transition, Raymond Lifestyle’s senior management team, under the leadership of Executive Chairman Gautam Hari Singhania, will oversee operations during the interim period.
Raymond Lifestyle has also stated that, in accordance with regulatory guidelines, the trading window for designated individuals has been closed. It will remain shut for 48 hours following the public disclosure of this announcement, in compliance with Prohibition of Insider Trading regulations. As Sunil Kataria embarks on his next professional chapter, industry observers are keen to see who will take the helm at Raymond Lifestyle and steer the brand into its next phase of growth.
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