Raymond realty promoter J.K. Investors (Bombay) Limited has disclosed the creation of encumbrance on its shareholding in the real estate company. The disclosure was made on March 23, 2026, pursuant to Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Share Pledge Details

J.K. Investors pledged 5.50 lakh shares of Raymond Realty Limited to Bajaj Finance Limited on March 17, 2026. The pledge was created as collateral for loans taken by the company and its group companies.

Updated Shareholding Position

Following the latest pledge, J.K. Investors' encumbered shareholding in Raymond Realty has increased significantly. The company's total holding and encumbrance details are presented below:

Promoter Group Holdings

The disclosure also provides details of other promoter entities' shareholding in Raymond Realty Limited. The major promoter group holdings include:

• J.K. Investo Trade (India) Limited: 82.75 lakh shares (12.43%)
• J.K. Helene Curtis Limited: 35.92 lakh shares (5.40%)
• Raymond Limited: 11.00 lakh shares (1.66%)
• Smt. Sumitdevi Singhania Hospital Trust: 6.91 lakh shares (1.04%)

None of these entities have any encumbered shares as of the reporting date.

Regulatory Compliance

The disclosure was submitted to both BSE Limited (Scrip Code: 544420) and National Stock Exchange of India Limited (Symbol: RAYMONDREL) where Raymond Realty shares are listed. The document was signed by Arun Agarwal, Authorised Signatory of J.K. Investors (Bombay) Limited, and a copy was sent to Raymond Realty Limited's corporate office in Thane.

Raymond Realty has informed stock exchanges that its material subsidiary Ten X Realty Limited has received a show cause notice from the Income Tax Department regarding an escaped assessment matter. The notice, dated March 11, 2026, pertains to income chargeable to tax that allegedly escaped assessment for the financial year 2022-23.

Show Cause Notice Details

The Income Tax Department's Assistant Commissioner of Income Tax Central Circle 8(1), Mumbai issued the show cause notice under sub-section (1) of section 148A of the Income Tax Act, 1961. The notice follows a survey action that was conducted on September 25, 2025 under section 133A of the Income Tax Act, 1961, during which the department identified certain allegations.

Financial Impact Assessment

Raymond Realty has stated that there will be no material impact on the company's financials, operations or other activities due to this show cause notice. The company clarified that in the event any penalty is adjudicated and becomes payable, the same shall be payable by Ten X Realty Limited. The financials of Ten X Realty are consolidated with Raymond Realty's financials.

Company Response

Ten X Realty Limited is currently taking remedial and appropriate steps in the matter as advised and is preparing its reply to the show cause notice. No penalty, restriction or sanction has been imposed as of now pursuant to the communication from the Income Tax Department.

Regulatory Compliance

The intimation was made pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Raymond Realty has also made this information available on its website at www.raymondrealty.in in compliance with Regulation 30 and 46 of the SEBI Listing Regulations.

The company's disclosure follows the format prescribed under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, providing comprehensive details about the regulatory communication received by its material subsidiary.