Raymond Realty Preferential Issue of ₹409 Crore

Date: October 13, 2026

Regulatory Compliance Update

Raymond Realty Limited submitted clarifications to the National Stock Exchange of India Limited (NSE) regarding queries on the Notice of Extra-Ordinary General Meeting (EGM) held on October 08, 2026. The clarification references NSE letter no. NSE/LIST/57488 dated October 07, 2026 and revises specific points in the explanatory statement of the EGM Notice.

Preferential Issue Details

The document pertains to a preferential issue of securities on a private placement basis that was approved by the Board of Directors on September 11, 2026 and subsequently approved by shareholders at the EGM on October 08, 2026. The issue also involved an increase in the authorized share capital of the company.

Fund Utilization Schedule (Annexure-1)

4. Proposed Schedule and Timeline for Utilization of Issue Proceeds

The Company proposes the following indicative schedule for utilization of the ₹409 crore Issue Proceeds:

Realty Project at Pokhran Road no 1, Jekegram, Thane on 3,30,981 Sq. meters: ₹247 crore within three years from date of receipt of funds
Realty Project next to Lake Shore Mall, Laxmi Nagar, Thane on 20,685 Sq. meters: ₹60 crore
General Corporate Purposes (including transaction costs): ₹102 crore within three years from date of receipt of funds

Given that the Preferential Issue includes issuance of Warrants, the Issue Proceeds in respect of the Warrants shall be received by the Company within 18 months from the date of allotment of the Warrants. The entire Issue Proceeds with respect to the Warrants will be utilized for the aforementioned Objects in phases.

The amount specified for the Objects may deviate by +/- 10% depending upon future circumstances. The Board reserves the right to re-schedule and revise planned expenditure.

5. Interim Use of Issue Proceeds

Pending complete utilization of the Issue Proceeds, the Company intends to invest the funds in fixed deposits and debt mutual funds as per the Company's Investment policy. The Company will not use the Issue Proceeds for any purpose inconsistent with the stated Objects.

Shareholding Pattern Analysis (Annexure-2)

17. Shareholding Pattern Before and After Preferential Issue

Promoter and Promoter Group Shareholding:

Pre-issue: 3,39,04,628 shares (50.93%)
Post-issue: 4,05,62,001 shares (55.04%)
Increase of 66,57,373 shares (4.11 percentage points)

Public Shareholding Breakdown (Pre-issue/Post-issue):

Institutions (Domestic): 16,14,832 shares (2.43%/2.19%)
Alternate Investment Funds: 8,72,930 shares (1.31%/1.18%)
Insurance Companies: 7,11,908 shares (1.07%/0.97%)
NBFCs registered with RBI: 26,387 shares (0.04%/0.04%)
Banks: 3,353 shares (0.01%/0.00%)
Mutual Funds: 250 shares (0.00%/0.00%)

Institutions (Foreign): 37,89,543 shares (5.69%/5.14%)
Foreign Portfolio Investors Category I: 35,52,990 shares (5.34%/4.82%)
Foreign Portfolio Investors Category II: 2,36,547 shares (0.36%/0.32%)
Foreign Bank: 6 shares (0.00%/0.00%)

Non-institutions: 2,72,42,278 shares (40.92%/37.59%)
Resident Individuals: 2,11,32,551 shares (31.74%/29.30%)
Bodies Corporate: 21,08,652 shares (3.17%/2.86%)
Trust, Escrow Account, etc.: 21,25,523 shares (3.19%/2.88%)
Non Resident Indians (NRIs): 12,04,716 shares (1.81%/1.63%)
Investor Education and Protection Fund (IEPF): 6,68,336 shares (1.00%/0.91%)
Directors and their relatives: 2,500 shares (0.00%/0.00%)

Non Promoter-Non Public Shareholding: 22,300 shares (0.03% both pre and post-issue)

Total Shares:

Pre-issue: 6,65,73,731 shares
Post-issue: 7,36,92,319 shares

Note: The post preferential percentage of shareholding has been calculated on fully diluted basis assuming full conversion of Share Warrants issued under this Issue and exercise of 4,61,215 Employee Stock Options outstanding as on September 11, 2026.