RAYMOND : GETS IN-PRINCIPLE APPROVAL FOR 33.28 LAKH CONVERTIBLE WARRANTS

• NSE and BSE granted in-principle approval on November 6, 2026 for issue of 33,28,686 convertible warrants • Warrants convertible into 33,28,686 equity shares of ₹10 each at a price not less than ₹645 per share • Issue is on a preferential basis to non-promoters • Approval subject to listing application, statutory approvals and compliance with SEBI ICDR and LODR norms Impact: Neutral (enabling approval for a dilutive preferential warrant issue; no funds flow until allotment and conversion)

Raymond Limited

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