Date: November 6, 2026

Fundraising / Financing

Raymond Limited has received in-principle approval from both National Stock Exchange of India Limited (NSE) and BSE Limited for its proposed preferential issue of securities.

Issue Details:

  • Security: 33,28,686 convertible warrants
  • Conversion: Each warrant convertible into one equity share of ₹10 each
  • Allottees: Non-promoters
  • Issue Price: Not less than ₹645 per warrant/share
  • Basis: Preferential issue on private placement basis

Approval Status:

  • NSE Approval Reference: NSE/LIST/57461 dated November 6, 2026
  • BSE Approval Reference: LOD/PRE F/TT /Fl P /1082/2026-27 dated November 6, 2026
  • Both exchanges granted in-principle approval on November 6, 2026

Conditions for Approval:

  • Company must file listing application promptly after allotment
  • Company must obtain all statutory approvals from SEBI, RBI, MCA, and other authorities
  • Company must comply with all applicable guidelines, regulations, and directions
  • Company must comply with SEBI (LODR) Regulations, 2015, Companies Act, and other applicable laws
  • Company must submit required documents and pay applicable fees

Specific Trading Compliance Requirements:

  • Company must strengthen internal controls to monitor trades by proposed allottees
  • Company must obtain undertaking from allottees confirming they will not:
  • Conduct intra-day trading in company scrip
  • Execute any sale in company scrip until allotment date
  • Responsibility for verification and compliance rests solely with the issuer company
  • Any non-compliance observed post-undertaking may impact listing of shares

Post-Allotment Requirements:

  • Listing application must be filed within 20 days from date of allotment
  • Company must comply with SEBI Circular No. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023
  • Non-compliance with timeline will attract fines as specified in SEBI circular

Reservation of Rights:

  • Exchanges reserve right to withdraw approval if information is incomplete, incorrect, misleading, false, or in contravention of any rules/regulations
  • Approval does not constitute approval under any other Act/Regulation/rule/byelaws

Additional Information:

  • This disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Information is available on company website: https://www.raymond.in
  • Previous intimation was made on October 22, 2026

Signatories and Correspondence

Company Representative:

  • Rakesh Muljibhai Darji, Company Secretary of Raymond Limited
  • Digital signature timestamp: November 6, 2026 at 18:05:34 +05:30

Exchange Representatives:

  • NSE: Pooja Pashte, Manager
  • BSE: Tejas Tandel, Assistant Vice President Deputy Manager