Raymond Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on Jun 18, 2026
RAYMOND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Raymond Limited has called an Extraordinary General Meeting on June 18, 2026 at 2:00 PM IST through Video Conferencing. The main agenda is a Special Resolution for a Preferential Issue of up to 66,57,373 warrants to JK Investors (Bombay) Limited, a Promoter Group entity. Each warrant is priced at Rs. 497 (including premium of Rs. 487 over face value of Rs. 10) and is convertible into 1 equity share. The total potential issue size is approximately Rs. 3,289 crore. buyers must pay 25% (Rs. 124.25) upfront and remaining 75% (Rs. 372.75) upon exercise within 18 months. The relevant date for pricing is May 19, 2026. Warrants carry no voting rights until converted to equity shares.
If approved, this preferential issue will dilute existing shareholders' stakes when warrants are exercised. The promoter group is consolidating its position through this capital raise, potentially increasing their overall holding in the company.