Raymond Limited Updates Shareholding and Floor Price Following Preferential Issue
Raymond Limited has updated its shareholders and investors regarding the outcomes of a recent preferential issue on a private placement basis, which was approved following an Extraordinary General Meeting (EOGM). The company provided further details concerning the share structure and valuation metrics in response to queries raised by exchanges.The preferential issue of securities had been initially intimated to the Exchanges via communiqués dated May 25, 2026, May 27, 2026, and June 10, 2026. The EOGM of the company's shareholders was held on June 18, 2026, at which time the issue was approved by the required majority.
Following follow-up queries from the Exchanges regarding the Explanatory Statement provided in the EOGM Notice, certain information has been modified and updated to provide complete transparency to investors.
Clarification on Floor Price Determination
Regarding point 11(d) of the previous EGM notice, the company clarified the determination of the floor price. The original note stated that the articles of association did not specify a method for valuation resulting in a floor price higher than that determined pursuant to regulations. This has now been modified. The Articles of the Company require a valuation report, and the price determined in accordance with this valuation report is disclosed under point 11(c) of the EGM Notice.Updated Shareholding Patterns
The company provided an updated view of the pre and post shareholding pattern on a fully diluted basis, reflecting shares that may be issued in the future against Employee Stock Options. The detailed breakdown of promoter holdings and public shareholders is as follows:| Category of Shareholder(s) | Pre-Issue Shares (No.) | Pre-Issue (% of holding) | Post-Issue Shares (No.) | Post-Issue (% of holding) |
|---|---|---|---|---|
| Promoters & Promoter Group | 32,534,100 | 48.87% | 39,191,473 | 53.07% |
| Indian Individual | 8,079 | 0.01% | 8,079 | 0.01% |
| Bodies Corporate (Promoters) | 32,526,021 | 48.86% | 39,183,394 | 53.06% |
| Non-Promoters Holding | - | - | - | - |
| Institutional Investors (Sub-Total) | 7,780,353 | 11.69% | 7,780,353 | 10.54% |
| Non-Institutions | - | - | - | - |
| Individuals (Sub-Total) | 21,977,737 | 33.01% | 22,596,090 | 30.60% |
In addition to the overall structure, the breakdown of Public Shareholding shows that Total Public Shareholding stood at 34,017,331 shares (51.10%) pre-issue and rose to 34,635,684 shares (46.90%) post-issue.
Allottee Details
The shareholding pattern of the proposed allottee, JK Investors (Bombay) Limited, was also provided before and after the preferential issue:| Name of the Allottee | Pre-Preferential Issue Shares | Pre-Issue % | Post-Preferential Issue Shares | Post-Issue % |
|---|---|---|---|---|
| JK Investors (Bombay) Limited | 19,861,793 | 29.83% | 26,519,166 | 35.91% |
RAYMOND Stock Price Movement
As of 11:54 AM, shares of Raymond Limited are slipping by 1.23% in live trading, currently hovering at ₹584 after shedding ₹7.25 from its previous close. The stock has seen heavy activity with a volume of 79,931 shares and is near the day's low of ₹583.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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