Raymond appoints Price Waterhouse as new statutory auditor for 5 years

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RAYMOND · price

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Price reactionminutes from the announcement price · days from the prior close

-1.5%Reaction day

₹618.00

prior close

₹625.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-2.1% vs market

Industrial Products peers, median of 131sector+0.3%-1.7% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 1.7 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-1.3

15m

-0.7

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5+0.6-2.1+0.3-1.7

Next day

-1.1+0.2-1.3+0.1-1.2

-2.2-0.9-1.3-1.0-1.2

-0.5-0.3-0.2-1.5+1.0

-1.6+0.0-1.6-0.8-0.7

-2.6-1.1-1.5-1.4-1.2

-4.8-1.4-3.4-1.4-3.4

15d

+2.0+2.7-0.7-1.4+3.4

+4.6+3.6+1.0-3.0+7.5

+60.8+2.0+58.9-2.7+63.5

+82.1+1.1+81.0-2.1+84.2

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 131Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shareholders at the 101st AGM on July 14, 2026 approved appointing M/s. Price Waterhouse Chartered Accountants LLP as the new Statutory Auditor for a 5-year term until the 106th AGM. This replaces the casual-vacancy arrangement after the previous auditor resigned earlier. M/s. Chaturvedi and Shah LLP, who were temporarily filling in, have now ceased to hold office. Price Waterhouse is a well-known firm established in 1991 with 17 branch offices in India.

Likely market impact

Brings a top-tier audit firm on board, likely boosting audit credibility. Auditor change follows an earlier resignation, so transition is planned, not disruptive.