Raymond Limited has scheduled its 101st Annual General Meeting (AGM) for Tuesday, July 14, 2026, at 2:00 p.m. IST via Video Conferencing and Other Audio Visual Means. The meeting will be conducted without a physical venue in compliance with Ministry of Corporate Affairs and SEBI circulars. The company has fixed Friday, July 3, 2026, as the record date to determine shareholder eligibility for the AGM and remote e-voting. The cut-off date for e-voting purposes is Tuesday, July 7, 2026. The intimation was signed by Rakesh Darji, Company Secretary of Raymond Limited.

AGM and E-Voting Schedule

The Notice of the AGM along with the Annual Report for Financial Year 2025-26 was sent electronically to members with registered email addresses on June 22, 2026. Physical copies were not dispatched; instead, a weblink is provided to access the documents. The company has engaged the services of National Securities Depository Limited (NSDL) to facilitate remote e-voting and e-voting during the meeting. The remote e-voting period will commence on Friday, July 10, 2026, at 9:00 a.m. IST and conclude on Monday, July 13, 2026, at 5:00 p.m. IST.

Shareholders holding shares in physical mode who have not registered their email addresses must send a request to the Registrar & Share Transfer Agent, MUFG Intime India Private Limited (Formerly Link Intime India Private Limited), to obtain login details. Those holding shares in demat mode should contact their Depository Participant to register their email addresses.

Key AGM Agenda Items

The 101st AGM will transact both ordinary and special business. Key resolutions include the adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, re-appointment of Mr. Harmohan Sahni (DIN: 00046068) as a Director retiring by rotation, and the appointment of M/s. Price Waterhouse Chartered Accountants LLP as Statutory Auditors for a term of five consecutive years. The Board of Directors at its meeting held on May 05, 2026, approved and recommended this appointment based on the recommendations of the Audit Committee. M/s. Chaturvedi & Shah LLP, who were appointed to fill the casual vacancy caused by the resignation of the previous statutory auditors, will cease to be auditors at the conclusion of this AGM.

Additionally, the AGM will seek member approval for payment of commission to Non-Executive Directors not exceeding 1% of annual net profits computed under Sections 197 and 198 of the Companies Act, 2013, for a period of three financial years commencing from April 1, 2026 to March 31, 2029.

FY2025-26 Financial Performance

Raymond Limited's Annual Report for FY2025-26 reflects the company's ongoing transformation into a focused engineering and precision manufacturing enterprise following the demerger of its Lifestyle and Real Estate businesses. The Consolidated Gross Revenue from operations for FY2025-26 stood at ₹2,21,210 Lakh, registering a growth of 13.6% over the previous year figure of ₹1,94,684 Lakh. The Consolidated Profit after Tax (PAT) stood at ₹5,354 Lakh, higher by 2.92% over the previous year profit of ₹5,202 Lakh. However, the Consolidated Operating Profit decreased by 19.6% from ₹12,340 Lakh in the previous year to ₹9,919 Lakh in the current financial year.

On a standalone basis, the Gross Revenue from operations for FY2025-26 was ₹425 Lakh (Previous Year: ₹609 Lakh), registering a decline of 30% over the previous year. The Standalone net loss for the year stood at ₹1,321 Lakh, compared to a Net Profit of ₹3,594 Lakh in the previous year. The decrease in standalone revenue and profitability is attributed to the demerger of Lifestyle and Real Estate businesses.

Subsidiary Performance Highlights

Key subsidiaries delivered notable results during FY2025-26. JK Maini Precision Technology Limited (JKMPTL) reported a standalone Gross Revenue of ₹1,67,273.91 Lakh (Previous Year: ₹1,51,779.99 Lakh) and a Net Profit after Tax of ₹3,934.27 Lakh, compared to ₹2,020.84 Lakh in the previous year. JK Maini Global Aerospace Limited (JKMGAL) reported a Gross Revenue from operations of ₹39,237.83 Lakh (Previous Year: ₹31,143.72 Lakh) and a Net Profit after Tax of ₹2,022.98 Lakh, compared to ₹672.21 Lakh in the previous year. Everblue Apparel Limited (EbAL) recorded a Gross Revenue of ₹14,882.19 Lakh (Previous Year: ₹11,691.70 Lakh) and a Profit after Tax of ₹62.93 Lakh.

Dividend and Corporate Actions

In view of losses at the standalone level, the Board of Directors expressed their inability to recommend any dividend on the Equity Shares of the Company for the financial year ended March 31, 2026. During FY2025-26, the Company transferred unclaimed dividend of ₹28,44,297 to the Investor Education and Protection Fund (IEPF), which was declared in FY 2017-18. Additionally, 59,149 shares were transferred to IEPF during the year for which dividend was unpaid/unclaimed for a period of 7 consecutive years.

The Board of Directors at its meeting held on January 27, 2026 approved a Scheme of Amalgamation to merge its wholly-owned subsidiary, Everblue Apparel Limited (EBAL), into Raymond Limited. This scheme remains subject to requisite approvals from the National Company Law Tribunal (NCLT) and other statutory authorities.

Raymond Limited will discuss its Q4FY26 and FY26 financial results at the India Inc. Unplugged 2026 - PCG Investor Conference organized by Phillip Capital (India) Pvt. Ltd. on June 23, 2026. The company's representatives will engage with investors through one-on-one and group meetings to review the performance details outlined in the investor presentation, which has already been submitted to the stock exchanges.

The conference will be held at Grand Hyatt in Mumbai, providing a platform for the management to elaborate on the financial outcomes for the quarter and fiscal year. The investor presentation covering these results is available on the company's website.

Conference Details

The schedule remains subject to change due to exigencies on the part of investors or the company.