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Raymond Limited informed the Bombay Stock Exchange and the National Stock Exchange of India that it held an Extraordinary General Meeting on October 3, 2026, where shareholders approved a special resolution for a preferential issue of securities on a private placement basis. The meeting, conducted via video conferencing, concluded at 5:04 p.m., and voting results, along with a report from the scrutinizer, will be disseminated to the stock exchanges and posted on the company’s website.

Raymond Limited informed the Bombay Stock Exchange and the National Stock Exchange of India that the trading window for dealing in securities of the company will be closed for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of financial results for the quarter ending September 30, 2026, as per the company`s internal code of conduct and SEBI regulations; the date of announcement of the financial results will be informed later, and the PANs of designated persons and their immediate relatives will be frozen by National Securities Depository Limited during the closure period.

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