Raymond Limited has allotted 1,56,784 (One Lakh Fifty Six Thousand Seven Hundred and Eighty Four) equity shares of face value of ₹10 each pursuant to the exercise of vested stock options under the Raymond Employees Stock Option Plan 2023. The allotment was approved by the Nomination & Remuneration Committee via Circular Resolution passed on October 29, 2026.
The shares were issued at an exercise price of ₹377.14 per share, representing a premium of ₹367.14 over the face value of ₹10. The shares have been allotted directly to the company's designated ESOP Trust, which will subsequently facilitate transfer or net-settlement to the respective employees based on their chosen exercise method (traditional cash payment or cashless/net-share settlement).
Consequent to this allotment, the company's paid-up share capital has increased from ₹66,57,37,310 (consisting of 6,65,73,731 equity shares of ₹10 each) to ₹66,73,05,150 (consisting of 6,67,30,515 equity shares of ₹10 each).
The allotment complies with Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity Shares) Regulations, 2021. The scheme was originally filed with the exchanges on April 05, 2023, under BSE Application Number 173018 and NSE Application Number 35158.
The newly allotted shares carry the ISIN INE301A01014 and distinctive numbers ranging from 80283815 to 80440598 (both inclusive). These shares will rank pari-passu with the existing equity shares of the company in all respects. There are no lock-in restrictions applicable to these shares.
Additional Announcements:
No additional corporate announcements were included in this filing.