Raymond Limited Shareholders Approve Preferential Issue at EGM
Raymond Limited successfully concluded its Extra Ordinary General Meeting (EGM) on June 18, 2026, with shareholders passing a special resolution to approve the Preferential Issue of Securities on a Private Placement basis. The resolution received strong support from members who participated in both remote e-voting and electronic voting at the EGM.The meeting was held through video conferencing (VC) and attendance data indicated the company's record base size and engagement levels among its shareholders. Of the total 2,83,877 shareholders on record as of June 11, 2026, 53 members from the Promoter and Promoter Group attended via Video Conferencing, while 46 public shareholders did so.
The agenda included one main item: approving the Preferential Issue of Securities. The resolution was put to vote under both remote e-voting and electronic voting mechanisms, concluding with a successful approval status.
Voting Results Summary
The scrutinizer’s report detailed the results of Resolution No. 1 (Preferential Issue of Securities on a Private Placement basis) based on votes cast during the EGM and prior remote e-voting periods. The outcomes across different categories were as follows:| Category | Total Shares Held | Votes Polled | Percentage in Favour |
|---|---|---|---|
| Promoter and Promoter Group (E-Voting) | 32,534,100 | 32,526,050 | 100.00% |
| Public Institutions (E-Voting) | 7,790,301 | 4,193,939 | 68.28% |
| Public Non Institutions (E-Voting) | 26,249,330 | 42,460 | 77.36% |
| TOTAL | 66,573,731 | 36,762,449 | 96.35% |
Resolution Details
The results confirmed that the resolution was passed with the requisite majority. Specifically:- For Promoter and Promoter Group members who participated in E-Voting, 32,526,050 votes were cast in favour, resulting in a 100.00% approval rate of polled votes.
- Public Institutions voted for the resolution at a rate of 68.28%, with 2,863,708 votes recorded in favour out of 4,193,939 total valid votes.
- For Public Non Institutions who participated in E-Voting, 32,850 votes were cast in favour (77.36% approval rate).
The overall voting result across all participating shareholders showed the resolution was passed, with a final recorded figure of 35,422,608 votes in favour out of 36,762,449 total valid votes polled. Zero invalid votes were recorded from any category during the remote e-voting or EGM electronic voting processes.
RAYMOND Stock Price Movement
Shares of Raymond Limited closed today, dropping 0.49% to settle at ₹589.25 after trading in the post-market session. The stock moved within an intraday range of ₹585.15 to ₹601.70, with a total volume of 388,943 shares transacted today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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