The Raymond Corporation expanded its Raymond Basics product line on June 30, 2026, with the introduction of the RBW45 Walkie Pallet Jack. The lithium-ion-powered model is engineered to provide a simple and efficient solution for a wide range of material handling operations, including retail, delivery, dock work, warehousing, trailers, mezzanines, and elevators. This expansion aims to offer a clear advantage over manual hand pallet jacks by providing motorized lift-lower and travel capabilities.

The RBW45 Walkie Pallet Jack features a compact design that allows operators to handle loads up to 4,500 pounds. It is specifically designed to support productivity in confined spaces and light- and medium-duty applications. Bailey Brotzman, Raymond Basics Product Manager at The Raymond Corporation, stated that the model helps deliver the right balance of durability, maneuverability, and affordability, giving operations an accessible solution to improve productivity without overinvesting.

The new unit is characterized by three primary features designed to enhance operational efficiency:

Additional features include keypad access to help enhance security by preventing unauthorized use and a spare battery to keep operations running. The Raymond Basics line of products is designed to simplify material handling while maintaining the durability and reliability associated with Raymond products. For more information, customers can visit raymondcorp.com.

Raymond Limited has addressed media speculation surrounding reported acquisition talks, clarifying that there are no significant events or information that require reporting at this stage. This statement comes amid earlier reports suggesting the company was in discussions to acquire German engineering player Deharde in the aerospace segment. Separately, Raymond's board has greenlit a plan to raise ₹330.88 crore through the issuance of share warrants on a preferential basis, with proceeds earmarked for acquisitions across high-growth sectors and general corporate purposes.

EGM Approval for Fundraise

Shareholders approved the preferential issue of securities on a private placement basis at the Extraordinary General Meeting (EGM) held on June 18, 2026, with a 96.36% majority. The EGM was conducted through video conferencing, commencing at 02:00 p.m. and concluding at 02:34 p.m. A total of 435 members cast their votes, with 35,422,608 votes in favour and 1,339,841 votes against. The remote e-voting period ran from June 13, 2026, to June 17, 2026, with the facility provided by National Securities Depository Limited (NSDL).

Utilization of Issue Proceeds

The company has allocated the total proceeds to specific strategic objectives, with the deployment of funds expected to occur over a period of three years from the date of receipt. The breakdown of the planned utilization is as follows:

Strategic Focus Areas

Raymond aims to build capabilities in future-oriented sectors, targeting aerospace and space technologies driven by commercial aviation and defence modernization. In the automotive sector, the company plans to pursue opportunities in electric vehicle supply chains and auto-component manufacturing. Additionally, the company intends to explore defence manufacturing acquisitions to leverage domestic procurement targets under the "Aatmanirbhar Bharat" initiative.

The Board of Directors will evaluate acquisition opportunities, which may include direct equity stakes, joint ventures, or asset purchases, based on commercial, financial, and regulatory considerations. Pending complete utilization of the raised funds, the company proposes to invest the proceeds in fixed deposits and debt mutual funds in accordance with its investment policy.