Raymond Realty Limited invested ₹90,000 in its wholly owned subsidiary, Ten X Realty North Limited (TXRNL), on October 8, 2026. The investment was made by subscribing to a further issue of equity shares through a rights issue.

The company subscribed to 9,000 equity shares of face value ₹10 each. These newly issued shares rank pari passu with the existing equity shares of TXRNL. This transaction falls under the ambit of exempted related party transactions and was conducted at arm's length.

Subsidiary Profile and Financials

TXRNL, formerly known as Chembur Realty Limited, is engaged in the real estate business. It was incorporated under the Companies Act, 2013, on October 29, 2025. As a wholly owned subsidiary, it remains a related party to Raymond Realty.

The filing disclosed that TXRNL reported nil turnover for the financial year ended March 31, 2026. No governmental or regulatory approvals were required for this acquisition as the entity is already a wholly owned subsidiary.

Transaction Details

What the Numbers Show

The investment amount of ₹90,000 is nominal relative to typical real estate capital structures, indicating this is likely an initial capitalization or administrative funding step rather than a major operational expansion. Given that TXRNL reported nil turnover for FY26 and was incorporated only in late October 2025, the entity appears to be in its nascent stage. The retention of 100% shareholding confirms Raymond Realty’s intent to maintain full control over this new venture without dilution.

Raymond Realty Limited shareholders approved an increase in authorised share capital and a preferential issue of securities on a private placement basis during an Extraordinary General Meeting (EGM) held on October 8, 2026.

The resolutions, which included an ordinary resolution for the capital increase and a special resolution for the preferential issue, were passed with the requisite majority. The meeting was conducted through two-way video conferencing, allowing members to vote remotely or during the session.

Voting outcomes

The e-voting results indicated strong support from both promoter and public shareholders. The promoter and promoter group voted unanimously in favour of both resolutions. Public institutional shareholders also supported the measures without dissent. Among public non-institutional shareholders, a small minority voted against the preferential issue, but the overall majority remained overwhelmingly in favour.

Meeting details and compliance

The EGM was held at 12:00 pm and concluded by 12:40 pm. A total of 52 shareholders attended the meeting through video conferencing, comprising 8 from the promoter group and 44 public shareholders. The scrutinizer’s report confirmed that all resolutions were passed in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company disclosed that the voting results and scrutinizer’s report are available on its website and the National Securities Depository Limited platform for public review.