Raymond Realty Limited announced that all nine resolutions proposed at its 7th Annual General Meeting (AGM) held on July 14, 2026, were passed with the requisite majority. The meeting, conducted via video conferencing, saw the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, and the approval of a dividend on equity shares. Shareholders also sanctioned the re-appointment of Shri Gautam Hari Singhania as a Director and ratified remuneration for cost auditors for FY 2026-27.

The proceedings were held in compliance with the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The AGM commenced at 05:00 P.M. and concluded at 05:56 P.M. Remote e-voting was conducted from July 10, 2026, to July 13, 2026, with a total of 2,27,871 shareholders on the record date as of July 7, 2026. The detailed voting results were scrutinized by M/s. Uma Lodha & Co., Practising Company Secretaries.

Resolutions Passed

The shareholders transacted all businesses listed in the notice dated May 05, 2026. The resolutions included the approval of commission payments to Non-Executive Directors based on net profits. Additionally, the AGM approved two special resolutions concerning corporate governance and financial flexibility.

Special Resolutions

The company sought and received shareholder approval to increase its borrowing limits under section 180(1)(c) of the Companies Act, 2013. Furthermore, the limits for the creation of securities on the company's properties were approved under section 180(1)(a) of the Companies Act, 2013.

Hiren Sonawala, Company Secretary, confirmed the proceedings and signed the regulatory filing on July 15, 2026.

Raymond Realty has signed a Joint Development Agreement (JDA) to develop a premium residential project in Parel, Mumbai, with an estimated Gross Development Value (GDV) of approximately ₹8,500 crore. This marks the company's eighth major joint development venture and its maiden project in South Mumbai. The development is the largest undertaken by the company outside its flagship Thane land parcel, bringing the total real estate portfolio GDV to approximately ₹52,000 crore.

Project Details and Connectivity

The project is envisioned as a landmark premium residential development designed to integrate luxury, contemporary design, and wellness. It offers strategic location advantages, including unhindered sea views and connectivity to key business hubs. The site benefits from immediate access to the newly commissioned Atal Setu, linking it to the Navi Mumbai International Airport. Commute times to Worli, BKC, and Lower Parel are expected to reduce significantly via the Sewri-Worli Elevated Connector, scheduled to open by late 2026. Additionally, an upcoming underground tunnel is set to ensure seamless travel to Marine Drive and Nariman Point by 2028.

Strategic Expansion

Gautam Hari Singhania, Chairman of Raymond Group, highlighted that the expansion is guided by an asset-light, partnership-led approach to unlock value in sought-after locations. Harmohan Sahni, Managing Director & CEO of Raymond Realty Ltd., noted that the agreement underscores confidence in the premium residential market. The company employs a disciplined, asset-light model to maintain capital efficiency while unlocking high-value opportunities. With this addition, Raymond Realty continues to strengthen its presence across the Mumbai Metropolitan Region.