Raymond Limited has confirmed that its promoters and members of the promoter group have not created any fresh encumbrance on their shareholding during the financial year 2025-26. The declaration, submitted on April 06, 2026, ensures compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory requirement mandates disclosure of any direct or indirect pledging or encumbrance of shares by promoters and persons acting in concert.

The filing addressed to the stock exchanges lists 12 entities falling under the promoter and promoter group categories. The list includes key individuals such as Gautam Hari Singhania, Niharika Gautam Singhania, and Nawaz Singhania. It also features corporate entities like J K Investors (Bombay) Limited, J K Investo Trade (India) Limited, and J K Helene Curtis Limited.

The disclosure confirms that no new encumbrances were made during the specified period beyond those already reported to the exchanges. The list of promoters also includes Late Shri Vijaypat Singhania and Smt. Ashadevi Singhania. Among the promoter group entities are Smt Sunitidevi Singhania Hospital Trust and Polar Investments Limited.

Gautam Hari Singhania signed the declaration on behalf of all promoters and the promoter group. The communication was copied to the Audit Committee of Raymond Limited for record-keeping purposes. The submission serves as a formal confirmation to the exchanges regarding the status of the promoters' holdings.

The following table details the promoters and promoter group members mentioned in the declaration:

Raymond has approved raising funds aggregating to Rs 330.88 crore through the preferential issue of warrants to JK Investors (Bombay) Limited, a member of the promoter group. The board of directors at its meeting on May 25, 2026, sanctioned the issuance of up to 66,57,373 warrants at a price of Rs 497 per warrant, including a premium of Rs 487. This strategic move is subject to the approval of the company's members and other statutory regulatory clearances.

The warrants issued are convertible into fully paid-up equity shares of the company at any time within 18 months from the date of allotment. Each warrant carries the right to subscribe to one equity share with a face value of Rs 10. If the allottee fails to exercise the conversion rights within the stipulated period, the unconverted warrants will lapse, and the amount paid will be forfeited.

Key Issue Details

Shareholding Pattern

The preferential issue will alter the shareholding structure of JK Investors (Bombay) Limited. On a fully diluted basis assuming full conversion, the promoter group entity's stake will increase.

*The post-preferential shareholding is on a fully diluted basis assuming full conversion.