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Raymond Limited announced that its board approved a fundraise of up to Rs 214.71 crore through the issuance of 33,28,686 convertible warrants to Minerva Ventures Fund at an issue price of Rs 645 per warrant, including a premium of Rs 635 per warrant. The warrants, issued on a private placement basis, will be convertible into one equity share with a face value of Rs 10 each, and the conversion period will not exceed 18 months.

Raymond Limited will seek to raise funds through the issuance of equity shares and/or convertible securities or warrants, or other eligible securities, via a rights/preferential basis or other permissible mode, according to a regulatory filing with the BSE Limited and the National Stock Exchange of India Limited on September 3, 2026, with a board meeting scheduled for September 8, 2026.

Net profit of Raymond declined 99.61% to Rs 20.99 crore in the quarter ended June 2026 as against Rs 5325.19 crore during the previous quarter ended June 2025. Sales rose 15.51% to Rs 605.61 crore in the quarter ended June 2026 as against Rs 524.29 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales605.61524.29 16 OPM %12.7210.35 - PBDT79.2366.72 19 PBT41.3328.21 47 NP20.995325.19 -100 Powered by Capital Market - Live News

Raymond will hold a meeting of the Board of Directors of the Company on 7 August 2026.

Raymond announced that the 101th Annual General Meeting(AGM) of the company will be held on 14 July 2026.