Date: July 7, 2026

Board Meeting Outcomes

Raymond Limited received in-principle approval from both BSE Limited and National Stock Exchange of India Limited for its proposed preferential issue of securities. The approvals were granted vide respective letters dated July 7, 2026.

Fundraising / Financing

The company has received approval for the preferential issue of 66,57,373 convertible warrants on a private placement basis to promoters. Each warrant is convertible into one equity share of face value ₹10 each at a price not less than ₹497 per share.

Regulatory Compliance Requirements

Both exchanges have outlined specific compliance requirements:

  • The company must strengthen internal controls to monitor trades executed by proposed allottees in the company's scrip before allotment
  • Must obtain undertakings from allottees confirming they will not engage in intra-day trading or any sale in the company's scrip until the allotment date
  • The responsibility for verification and compliance rests solely with the issuer company, particularly regarding Regulation 167(6) of SEBI ICDR regulations, 2018
  • Any non-compliances observed post-undertaking may impact the listing of such shares

Post-Approval Formalities

The company must:

  • Make listing application within twenty days from the date of allotment as per SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023
  • Obtain all statutory and other approvals from SEBI, RBI, MCA, etc.
  • Comply with all applicable guidelines, regulations, and directions
  • Submit required documents and pay applicable fees
  • Ensure compliance with Companies Act, SEBI (LODR) Regulations, and other applicable laws

Important Conditions

The in-principle approval does not constitute final listing approval and may be withdrawn if submitted information is found incomplete, incorrect, misleading, false, or in contravention of any rules, regulations, or guidelines.

Additional Information

This information is available on the company's website at https://www.raymond.in. The disclosure references the company's latest intimation dated July 2, 2026, regarding the preferential issue.