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Probe allegations: Proxy company to Raymond independent directors
![IndiaTimes]()
Tuesday, 28 November 2023
Proxy advisory firm urges independent directors of Raymond to investigate allegations against chairman Gautam Singhania; asks directors to take time off during investigation; suggests appointment of interim CEO; advises retaining independent legal counsel; calls for communication with investors and stakeholders to address concerns; notes significant drop in stock price since allegations surfaced. IIAS concluded its letter by saying, "Your resolute actions in the current situation will be etched in corporate history.
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Tuesday, 28 November 2023
