Raymond (RAYMOND) — Board Meeting

📢 Key Event
Raymond proposes preferential issue of 3.33 million convertible warrants to Minerva Ventures Fund at ₹645 per warrant.

🔮 What's Next
Warrants will be exercisable in tranches over 18 months from allotment, with conversion triggering equity share allotment.

💡 Investor Takeaway
This dilutionary fundraising could pressure Raymond's share price short-term but may fund growth if executed successfully.

Raymond Ltd announced an Extraordinary General Meeting on October 3, 2026, to seek shareholder approval for a preferential issue of up to 3.33 million convertible warrants to Minerva Ventures Fund at ₹645 per warrant, raising [amount not verified]. The warrants will be issued in tranches over 18 months, with 25% payable upfront and 75% upon conversion, subject to regulatory approvals and lock-in requirements.

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About Raymond Ltd (RAYMOND)

Services · Air Transport Service · Listed on BSE

Market Cap: ₹6,678.68 Cr P/E: 180.1 ROE: 2.2% ROCE: -0.2%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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