Summary of Key Information:
Nature of Filing / Announcement: Disclosure under Regulation 30 of SEBI LODR Regulations - Outcome of Board Meeting for fundraising
Date of Board Meeting / Approval: September 08, 2026
Meeting Duration: Commenced at 3:30 p.m. and concluded at 3:55 p.m.
Key Financial Highlights:
Fundraising Details:
- Method: Preferential allotment of convertible warrants on a private placement basis
- Number of Warrants: 33,28,686 (Thirty-Three lakh Twenty-eight thousand six hundred and eighty-six)
- Issue Price: ₹645 per Warrant (including a premium of ₹635 per Warrant)
- Total Amount: ₹214.71 Crore (approximately)
- Allottee: Minerva Ventures Fund (Single investor)
Warrant Terms:
- Conversion Right: Each warrant entitles the holder to subscribe to 1 (one) fully paid-up equity share of face value ₹10 each
- Conversion Price: ₹645 per share (including a premium of ₹635 per share)
- Conversion Period: Maximum 18 (eighteen) months from the date of allotment, convertible in one or more tranches
- Forfeiture: Unconverted warrants shall lapse upon expiry of 18 months, and upfront consideration paid towards such warrants shall stand forfeited
Shareholding Impact:
- Preferential issue holding: Minerva Ventures Fund will hold 33,28,686 warrants
- Post-preferential shareholding (fully diluted basis assuming full conversion): 4.35%
- Current holding: Minerva Ventures Fund holds 0 shares (0%)
Approvals Required:
- Subject to approval of members of the Company
- Subject to applicable statutory and regulatory approvals
Regulatory Compliance:
- Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
- Detailed disclosures provided in Annexure A
Company Contact:
- Rakesh Muljibhai Darji, Company Secretary & Compliance Officer
- Disclosure also available on company website: https://www.raymond.in