The Board of Directors of Raymond Limited, in its meeting held on May 25, 2026, has approved the raising of funds through the issuance of up to 66,57,373 warrants at a price of Rs 497 per warrant. This preferential issue, amounting to an aggregate consideration of up to Rs 330.88 Crore, is directed towards JK Investors (Bombay) Limited, a member of the company’s Promoter Group.

These warrants are convertible into fully paid-up equity shares of the company, with the right to subscribe exercisable in one or more tranches within a period of 18 months from the date of allotment. Any warrants not exercised within this timeframe will lapse, and the amount paid will be forfeited. This strategic move is subject to the necessary approval of the company’s members and other statutory or regulatory clearances.

Founded in 1925, Raymond Limited is a diversified conglomerate with a century-long history, primarily recognized for its leadership in the textile and apparel sectors. The company operates a “fibre-to-fashion” model and has expanded its presence into diverse segments such as real estate, engineering, and consumer care. Throughout 2025, Raymond focused on significant strategic restructuring, including the demerger of its lifestyle business and the establishment of separate subsidiaries for its aerospace, automotive components, and engineering divisions to enhance operational autonomy and shareholder value. The company also inaugurated a new engineering plant in Sinnar, Maharashtra, in 2025.

As of the latest available data, Raymond Limited is a net cash-surplus company. The promoter group, which includes major entities like JK Investors (Bombay) Limited, holds a significant stake in the company. The company maintains a strong retail network and continues to leverage its brand portfolio, which includes names such as Park Avenue, ColorPlus, and Parx, alongside its growing real estate ventures.