Raymond Limited Comprehensive FY26 Disclosure Summary

Corporate Governance & AGM Details

Raymond Limited has convened its 101st Annual General Meeting on July 14, 2026, to be held via video conferencing. Key agenda items include approval of audited financial statements for FY25-26, re-appointment of director Mr. Harmohan Sahni, and appointment of Price Waterhouse as statutory auditors for a five-year term. Shareholders will also vote on approving commission payments to non-executive directors not exceeding 1% of annual net profits.

Financial Performance & Dividend Policy

The company reported no dividend for FY26 due to losses, continuing the pattern from previous years (FY20, FY21, FY25). Unclaimed dividend of ₹28.44 lakh from FY2017-18 was transferred to the Investor Education and Protection Fund (IEPF), with additional unclaimed amounts scheduled for future transfers. The shareholding pattern shows significant concentration, with 97.84% of shareholders holding 1-500 shares representing 19.99% of equity, while 0.05% hold 10,001+ shares representing 67.35%.

Corporate Restructuring & Demergers

Raymond completed two major demergers during the period:

  • Lifestyle Business: Demerged to Raymond Lifestyle Limited effective June 30, 2024, recognizing an exceptional gain of ₹5,35,592 lakhs
  • Realty Business: Demerged to Raymond Realty Limited effective May 1, 2025, recognizing an exceptional gain of ₹5,32,645 lakhs

These transactions significantly impacted the consolidated financial statements, with the realty business contributing ₹534,379 lakhs profit in FY26.

Audit & Financial Reporting

Independent auditors Chaturvedi & Shah LLP issued an unmodified opinion on both standalone and consolidated financial statements. Key audit matters included:

  • Fair value determination of Level 3 investments totaling ₹1,69,506 lakhs requiring significant judgement
  • Impairment testing of investment in joint venture Raymond UCO Denim Private Limited
  • Reliance on other auditors for five subsidiaries representing assets of ₹2,55,226 lakhs

The consolidated financial statements show total assets of ₹4,73,794 lakhs and total equity of ₹3,11,763 lakhs as of March 31, 2026.

Regulatory Compliance & Governance

The company confirmed compliance with SEBI Listing Regulations despite incurring penalties in FY25 for various regulatory non-compliances, for which waiver applications were submitted and accepted. Enhanced whistleblower policy managed by KPMG International Limited and digital initiatives through RTA MUFG Intime India Private Limited were implemented for improved investor services.

Future Outlook & Calendar

The company has outlined its tentative calendar for FY27, with quarterly results scheduled between August 2026 and May 2027. The ongoing corporate restructuring and focus on precision technology, aerospace, and defense segments position the company for future growth despite current challenges.