Raymond Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Raymond Limited has submitted a declaration under SEBI Regulation 31(4), which mandates promoters and promoter group members to disclose any encumbrances (pledges) on their shareholding. The disclosure, signed by Gautam Hari Singhania on behalf of all promoters/promoter group, confirms that there are share encumbrances on promoter holdings, separate from those already disclosed during Financial Year 2025-26. This is a periodic compliance filing to inform stock exchanges about the pledge status of shares held by the promoter group. The filing does not specify the percentage of shares under encumbrance or the number of shares pledged.
This disclosure keeps shareholders informed about the promoter group's collateral arrangements on their shareholdings. High levels of pledge can be a concern if share prices fall, potentially leading to invocation. Without specific percentages, investors cannot fully assess the risk level.