CORPORATE GOVERNANCE

Raymond Limited considers Corporate Governance as an integral part of good management.The company has adopted a Code of Business Conduct & Ethics (the Code).
This Code is applicable to the Board of Directors and all Employees of the Company.

 Compliance with law

Ethical conduct Cordial relations Equal opportunity Environmental protection

Fair,accountable and transparent management of companys affair. Timely disclosure of information regarding the financials, performance, product offerings, distribution network and governance. Companys governance was ranked No.16 amongst India Incs 50 most well governed companies Apparel, Garmenting and Lifestyle Brands while upholding the Core values of Quality, Trust, Leadership and Excellence. Ethical business practices, integrity and regulatory compliances followed. Appropriate utilisation of Information Technology (IT) resources.

Board Meetings
Board meetings are conducted in accordance with the Articles of Association of the Company.

The Board meets at regular intervals to discuss and decide on business strategies/policies and April 21, 2011,performance2011,Company and its subsidiaries. financial July 29, of the September 12, 2011,

In the Financial Year 2011-12, the board met five times on

October 19, 2011 and January 18, 2012.

The Board Meetings are pre-scheduled and a tentative annual calendar of the board is circulated to all the Directors well in advance

Intervals between two meetings were well within the maximum period mentioned in the Listing Agreement.

The notice of each Board Meeting is given in writing to each Director. The Agenda along with the relevant notes and other material information are sent in advance separately to each Director.

The Minutes of the Board Meetings are also circulated in advance to all Directors

 The BOD considers and approves all quarterly and annual financial results. The approved financial results are sent to the Stock Exchanges where the Equity Shares of the Company are Listed and are published in a English national daily newspaper & also in a local language (Marathi) newspaper, within 48 hours of approval thereof. The Companys financial results and official press releases are displayed on its Website- www.raymond.in Any presentation made to the institutional investors and analysts is also posted on the Companys website. Management Discussion and Analysis forms part of the Annual Report, which is sent to the Shareholders of the Company.