Response to Specific Queries
(a) Negotiations and Sequence of Events
The company states that while it evaluates various strategic opportunities in the ordinary course for business growth and expansion, there is currently no material event/information requiring disclosure under Regulation 30 of SEBI LODR Regulations.
The company confirms that the statements in the referenced media article are speculative and that Raymond does not endorse the contents. Except for the first statement of the article, the company states the rest of the information consists of facts already known to the market.
Additionally, the company references its previously approved fundraising plan:
- Board of Directors approved raising money through preferential issue of Share Warrants on May 25, 2026
- Shareholders approved the same on June 18, 2026
- Total issue size: ₹330.88 crore (Rupees Three Hundred and Thirty crore and Eighty-eight Lakh)
Utilization of Proceeds:
- Up to 75% of aggregate proceeds for funding acquisitions of businesses in India and internationally across targeted growth sectors, either directly or through subsidiary entities for organic and inorganic growth, including repayment of acquisition debt
- Balance 25% of proceeds for General Corporate Purposes (including transaction costs)
The company commits to making appropriate disclosures in compliance with applicable laws as and when required.
(b) Unexplained Trading Movement
The company confirms it is not aware of any information that has not been announced to the exchanges which could explain the recent movement in trading of the company's securities.
(c) Regulatory/Legal Proceedings
The company states there are no regulatory/legal proceedings in relation to the captioned subject and has no further information to disclose or intimate.
Additional Commentary
The company states that movement in the price of the company's scrip is market-driven and the company does not have any control over it.