Raymond Limited has issued an update regarding its shareholding pattern following the approval of a preferential issue of warrants. The company clarified the post-preferential issue holding for Minerva Ventures Fund, showing an updated percentage. This disclosure aims to provide shareholders and investors with accurate, fully diluted shareholding information after the proposed issuance and potential conversion of existing warrants and employee stock options.
Raymond Discloses Shareholding Post-Preferential Issue
Raymond Limited has provided a crucial update on its shareholding structure subsequent to the approval of a preferential issue of securities. This disclosure, dated October 22, 2026, addresses specific queries raised by the stock exchanges and ensures transparency for stakeholders.
Updated Shareholding Details
The company has revised the information concerning the preferential issue of share warrants. Specifically, under point 22 of the Extra Ordinary General Meeting (EOGM) notice, the proposed shareholding of the allottee, Minerva Ventures Fund, has been clarified. This fund, categorized as a Non-Promoter Group Entity/Public Category, is set to be allotted 33,28,686 warrants.
Following the preferential issue, the post-preferential issue holding for Minerva Ventures Fund is updated to 4.31%. This figure is calculated on a fully diluted basis, assuming the full conversion of both the proposed warrants and existing outstanding warrants, alongside the exercise of 6,35,499 Employee Stock Options outstanding as of September 8, 2026.
Raymond Limited emphasized that this preferential issue will not result in any change in the composition of the Board of Directors or the control of the Company.
Source: BSE
