Raymond Limited shareholders have appointed M/s. Price Waterhouse, Chartered Accountants LLP as the statutory auditor for a term of five years at the 101st Annual General Meeting held on July 14, 2026. The appointment is effective from the conclusion of the 101st AGM until the conclusion of the 106th AGM. Consequently, M/s. Chaturvedi & Shah LLP, who were filling a casual vacancy, have ceased to hold office. The firm, registered with the Institute of Chartered Accountants of India, brings extensive experience in auditing listed companies in India.

Auditor Details

M/s. Price Waterhouse Chartered Accountants LLP holds Firm Registration Number 012754N/N500016. Established in 1991 and converted into a limited liability partnership in 2014, the firm operates from its registered office in New Delhi and 17 branch offices across India. It is a member firm of Price Waterhouse & Affiliates and holds a valid peer review certificate.

Raymond Ltd has allotted 66,57,373 convertible warrants to JK Investors (Bombay) Limited on a preferential basis. The warrants were allotted at a price of ₹497 each, comprising a face value of ₹10 and a premium of ₹487. This allotment follows the company's receipt of in-principle approval from BSE Limited and The National Stock Exchange of India Limited and the necessary shareholder nod.

The Board of Directors approved the allotment via a resolution passed through circulation on July 9, 2026. The company received an upfront subscription amount of ₹124.25 per warrant, equivalent to 25% of the total issue price. The warrants are convertible into an equal number of fully paid-up equity shares upon receipt of the balance 75% consideration within the stipulated timeframe.

Allotment and Shareholding Details

The preferential issue impacts the shareholding pattern of JK Investors (Bombay) Limited. The post-preferential shareholding is calculated on a fully diluted basis, assuming full conversion of the warrants and exercise of all outstanding employee stock options.

*On a fully diluted basis.

The total paid-up share capital of the company will remain unaffected until the actual conversion of these warrants into equity shares. The company is required to make an application for listing within twenty days from the date of allotment, as per SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. The exchanges have mandated that the company strengthen internal controls to monitor trades executed by the allottees to prevent non-compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.