Raymond Limited's promoters have formally declared the absence of any encumbrance on their shareholding in the company for Financial Year 2025-26. The declaration, dated April 01, 2026, was submitted by Gautam Hari Singhania on behalf of all promoters, members of the promoter group, and persons acting in concert with them.

Regulatory Compliance Declaration

The disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended. The regulation mandates that promoters and promoter group members declare whether any encumbrance has been created on their shareholding during the relevant financial year.

The key details of the declaration are outlined below:

Scope of the Declaration

The declaration confirms that the promoters and members of the promoter group of Raymond Limited, along with persons acting in concert, have not made any encumbrance directly or indirectly in respect of their shareholding in Raymond Limited during Financial Year 2025-26, other than those already disclosed. The disclosure was also marked to the Audit Committee of Raymond Limited for their records.

The submission was addressed to the Department of Corporate Services at BSE Limited, P.J. Towers, Dalal Street, Mumbai, as well as to the National Stock Exchange of India Ltd at Exchange Plaza, Bandra-Kurla Complex, Mumbai.

Raymond Limited has announced the appointment of M/s Price Waterhouse Chartered Accountants LLP as its new Statutory Auditors, following a board meeting held on May 5, 2026. The Board of Directors, acting on the recommendation of the Audit Committee, approved and recommended the appointment to the company's members, subject to shareholder approval at the forthcoming Annual General Meeting.

Auditor Transition Background

The change in statutory auditors follows a prior appointment made to address a casual vacancy. As communicated in an earlier intimation dated December 2, 2025 (serial no. RL/SE/25-26/68), M/s. Chaturvedi & Shah LLP, Chartered Accountants (FRN/Membership No: 101720W/W100355), had been appointed as Statutory Auditors effective December 2, 2025, to fill the vacancy caused by the resignation of the previous Statutory Auditor. M/s. Chaturvedi & Shah LLP were appointed to hold office until the conclusion of the 101st Annual General Meeting, at which point their term will conclude.

Details of the New Appointment

The following key details pertain to the appointment of M/s Price Waterhouse Chartered Accountants LLP, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

Profile of the Incoming Auditor

Price Waterhouse Chartered Accountants LLP is a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India. The firm was established in the year 1991 and was converted into a limited liability partnership in the year 2014. Its registered office is located at Sucheta Bhawan, 11A Vishnu Digambar Marg, New Delhi - 110 002, and it operates seventeen (17) branch offices across various cities in India.

The firm is primarily engaged in providing auditing and other assurance services and is a member firm of Price Waterhouse & Affiliates, a network of firms registered with the Institute of Chartered Accountants of India, bearing Network Registration No. NRN/E/14. Price Waterhouse & Affiliates comprises separate, distinct, and independent Indian Chartered Accountant firms. As of December 31, 2025, the firm has more than 125 Assurance Partners. It holds a valid peer review certificate and audits various companies listed on stock exchanges in India.

Regulatory Compliance

The intimation was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The Board meeting commenced at 11:30 a.m. and concluded at 1:25 p.m. on May 5, 2026. The intimation was signed by Rakesh Darji, Company Secretary of Raymond Limited, and is also available on the company's website at www.raymond.in .