Raymond updates share warrant issue details after EOGM approval
Raymond Ltd updated the information regarding its preferential issue of share warrants following the approval of shareholders at an Extra Ordinary General Meeting (EOGM) on June 18, 2026. The company clarified the methodology for determining the floor price and released revised pre and post-issue shareholding patterns on a fully diluted basis. The updates were issued in response to queries from stock exchanges.
*this image is generated using AI for illustrative purposes only.
Raymond Ltd has updated the information regarding its preferential issue of share warrants following the approval of shareholders at an Extra Ordinary General Meeting (EOGM) on June 18, 2026. The company clarified the methodology for determining the floor price and released revised pre and post-issue shareholding patterns on a fully diluted basis. The updates were issued in response to queries from stock exchanges.
The company modified the disclosure regarding the floor price determination. It stated that the Articles of Association require a valuation report, which the company obtains, and the price determined in accordance with this report is disclosed in the notice. This replaces the previous statement which noted that the articles did not provide a method for valuation resulting in a floor price higher than that determined under SEBI regulations.
The shareholding pattern was updated to reflect the fully diluted basis, assuming the full conversion of share warrants proposed to be issued and the exercise of 6,18,353 outstanding Employee Stock Options as on May 25, 2026. The data shows a shift in ownership percentages upon the issuance of the new securities.
Shareholding Pattern
| Category of Shareholder(s) | Pre-Issue Shares | Pre-Issue % | Post-Issue Shares | Post-Issue % |
|---|---|---|---|---|
| Promoters & Promoter Group | ||||
| Indian - Bodies Corporate | 32,526,021 | 48.86 | 39,183,394 | 53.06 |
| Indian - Individual | 8,079 | 0.01 | 8,079 | 0.01 |
| Total Promoters Holding | 32,534,100 | 48.87 | 39,191,473 | 53.07 |
| Non-Promoters Holding | ||||
| Institutional Investors | 7,780,353 | 11.69 | 7,780,353 | 10.54 |
| Non-Institutions | 26,236,828 | 39.41 | 26,855,181 | 36.36 |
| Total Public Shareholding | 34,017,331 | 51.10 | 34,635,684 | 46.90 |
| Total (A)+(B) | 66,551,431 | 99.97 | 73,827,157 | 99.97 |
| Shares held by ESOP Trust | 22,300 | 0.03 | 22,300 | 0.03 |
| Grand Total | 66,573,731 | 100 | 73,849,457 | 100.00 |
The company also disclosed the specific pre and post-preferential issue holding for the proposed allottee, JK Investors (Bombay) Limited. The entity's holding is set to increase following the allotment of the share warrants.
Allottee Shareholding
| Name of the Allottee | Pre-Issue Shares | Pre-Issue % | Post-Issue Shares | Post-Issue % |
|---|---|---|---|---|
| JK Investors (Bombay) Limited | 19,861,793 | 29.83% | 26,519,166 | 35.91% |
The communication was submitted to BSE Limited and The National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Raymond
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.67% | -3.13% | +10.81% | +37.99% | -22.42% | +607.25% |
How will the significant increase in promoter ownership to 53.07% influence Raymond Ltd's future governance strategies and potential delisting risks?
What is the intended use of proceeds from the preferential issue, and how will it impact the company's long-term capital structure?
Given the clarification on valuation methodology, what premium over the regulatory floor price is the market likely to expect for these warrants?
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