Raymond Realty Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
RAYMONDREL · price
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Raymond Realty Limited has announced the results of a postal ballot conducted between January 23 and February 21, 2026, covering 5 special resolutions linked to the 'Raymond Realty Employees Stock Option Plan 2025'. All 5 resolutions were passed with the requisite majority, with around 55% of total shares (approximately 3.67 crore votes) participating in the e-voting. Promoters (holding 3.25 crore shares) voted 100% in favour of every resolution. Resolution 1 (approval of the ESOP itself) saw 99.71% support, while Resolutions 3, 4 and 5 (trust implementation, secondary acquisition, and funding the trust) each got around 96.6% support. Resolution 2 (extending the ESOP to employees of group companies) received the most pushback, passing with 93.3% support as public institutions voted 61.8% against it. Scrutinizer Uma Lodha & Co. certified the process.
Shareholders have formally approved the ESOP 2025 plan, enabling the company to grant stock options to employees and implement it through a trust. The notable institutional opposition to extending the plan to group company employees suggests some shareholder discomfort with value transfer beyond Raymond Realty, but the overall passage keeps management's employee incentive plans intact without major dilution concerns.