RAYMOND LIMITED: PREFERENTIAL ALLOTMENT OF 66,57,373 WARRANTS APPROVED

• Board of Directors approved allotment of 66,57,373 convertible warrants to JK Investors (Bombay) Limited on a private placement basis. • Each warrant is convertible into one fully paid-up equity share at ₹497/- each. • Allotment made upon receipt of upfront subscription of ₹124.25 per warrant (25% of issue price). • Warrants are convertible into equity shares upon receipt of the balance 75% consideration. • JK Investors (Bombay) Limited pre-issue shareholding was 29.83%; post-issue shareholding will be 35.91% on a fully diluted basis. Impact: Neutral (Preferential allotment of warrants, no immediate impact on paid-up share capital)

Raymond Limited

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