Raymond Limited has received in-principle approval from both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) for its preferential issue of 33,28,686 convertible warrants. The approval is a significant step towards raising capital through this private placement, subject to fulfilling all regulatory conditions. This move is expected to bolster the company’s financial position and support its growth initiatives.
Stock Exchanges Grant In-Principle Approval for Preferential Issue
Raymond Limited announced on November 6, 2026, that it has received in-principle approval from both the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange (BSE) for a preferential issue. This approval pertains to the issuance of 33,28,686 convertible warrants on a private placement basis.
Key Details of the Preferential Issue
The preferential issue, which involves convertible warrants, aims to raise capital for the company. The in-principle approval from the stock exchanges signifies a crucial step forward in the capital-raising process. The approval is subject to the fulfillment of various conditions stipulated by the exchanges and regulatory bodies.
Regulatory Compliance and Next Steps
The company has been advised by the exchanges to ensure strict compliance with all applicable guidelines, regulations, and laws, including those outlined in the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Raymond Limited is also cautioned to strengthen internal controls to monitor trades executed by proposed allottees and to obtain undertakings confirming they will not engage in intra-day trading or premature sales of the scrip.
Further, Raymond is required to make a listing application without delay upon allotment of securities and comply with all post-issue formalities. The company has also been reminded that the stock exchanges reserve the right to withdraw the in-principle approval if any submitted information is found to be incomplete, incorrect, misleading, or false, or if it contravenes any rules or regulations.
Information Availability
The company has confirmed that this information is also available on Raymond’s official website at https://www.raymond.in.
Source: BSE
