The Board of Directors of Raymond Limited has approved a scheme for the amalgamation of Everblue Apparel Limited (EBAL), a wholly-owned subsidiary, with Raymond Limited. This decision, made on January 27, 2026, aims to streamline operations and create synergies. The amalgamation is subject to necessary approvals, including those from the National Company Law Tribunal (NCLT) and shareholders.
Amalgamation of Everblue Apparel
On January 27, 2026, the Board of Directors of Raymond Limited approved a scheme of amalgamation for Everblue Apparel Limited (EBAL), a wholly-owned subsidiary, with Raymond Limited. The rationale behind this move is to simplify the company structure and enhance management focus.
Details of the Amalgamation
Everblue Apparel Limited (EBAL), the Transferor Company, has a paid-up capital of ₹1,150 lakhs, a net worth of ₹376 lakhs, and a turnover of ₹10,858 lakhs as of December 31, 2025. Raymond Limited, the Transferee Company, has a paid-up capital of ₹6,657 lakhs, a net worth of ₹186,146 lakhs, and a turnover of ₹289 lakhs as of the same date.
Rationale for the Merger
The amalgamation is expected to yield several benefits, including:
Simplification of the group structure.
Optimal utilization of resources.
Leveraging and pooling of resources.
Financial synergies and cost reduction.
Better administration and reduced costs.
No Change in Shareholding Pattern
As EBAL is a wholly-owned subsidiary of RL, no new shares will be issued as part of this scheme. The existing shares held by RL in EBAL will be cancelled. The scheme will not result in any change in the shareholding pattern of Raymond Limited.
Source: BSE
