General Updates

RL/SE/26-27/53 September 08, 2026 The Department of Corporate Services - CRD The Listing Department BSE Limited The National Stock Exchange of India Limited P.J. Towers, Dalal Street Exchange Plaza, 5th Floor Mumbai - 400 001 Bandra-Kurla Complex Bandra (East), Mumbai - 400 051 Scrip Code: 500330 Symbol: RAYMOND Dear Sir/Madam, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Outcome of Board Meeting for raising of funds through Preferential Issue of Convertible Warrants Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, we wish to inform you that the Board of Directors of the Company at its meeting held today, i.e., September 8 2026, has, inter alia, approved raising of funds. The fundraise will be executed through the issuance of 33,28,686 (Thirty-Three lacs Twenty- eight thousand six hundred and eighty-six) convertible warrants (“Warrants”), for cash, at an issue price of ₹645/- per Warrant (including a premium of ₹635/- per Warrant), aggregating up to ~ ₹214.71 Crore, by way of a preferential allotment on a private placement basis to Minerva Ventures Fund (“Proposed Allottee”). This issuance is subject to the approval of the members of the Company and such other applicable statutory and regulatory approvals. Key terms of the Warrants: Conversion Right: Each Warrant carries an entitlement to subscribe to 1 (one) fully paid- up equity share of face value ₹10/- each, at an issue price of ₹645/- per share (including a premium of ₹635/- per share). Conversion Period: The Warrants may be converted into equity shares, in one or more tranches, within a maximum period of 18 (eighteen) months from the date of allotment. Forfeiture: Unconverted Warrants shall lapse upon the expiry of 18 months, and the upfront consideration paid towards such Warrants shall stand forfeited. The detailed disclosures required under Regulation 30 of the SEBI Listing Regulations, read with the aforementioned SEBI Master Circular, is enclosed herewith as Annexure A. The Board meeting commenced at 3:30 p.m. and concluded at 3:55 p.m. Contd….2 :: 2 :: This disclosure is also available on the website of the Company at https://www.raymond.in. Kindly take the above information on record. Thanking you. Yours faithfully, For Raymond Limited Rakesh Darji Company Secretary & Compliance Officer Encl.: Annexure A Annexure A Issuance of Warrants to Minerva Ventures Fund Sr. Particulars Details a) Type of securities proposed Convertible Warrants to be issued b) Type of issuance Preferential issue of Warrants in accordance with Chapter V of the SEBI ICDR Regulations and other applicable laws c) Total number of securities 33,28,686 Share Warrants at a price of ₹645/- per proposed to be issued or the Warrant (including a premium of ₹635/- per Warrant) for total amount for which the an aggregate consideration of up to ~ ₹214.71 Crore. Each securities will be issued Warrant will carry a right exercisable by the Proposed Allottee to subscribe to 1 (One) equity share of the (approximately) Company. d) Additional details in case of preferential issue: i) Name of the investors Minerva Ventures Fund ii) Number of investors One iii) Issue price and nature of Issue price of ₹645/- per Warrant consideration (including a premium of ₹635/- per Warrant) in cash iv) Post allotment of securities Name Pre-preferential Post-preferential – outcome of the of the issue issue* subscription allottee Number % Number of % of shares shares Minerva 0 0 33,28,686 4.35% Ventures Fund (*the post-preferential shareholding is on a fully diluted basis assuming full conversion of proposed as well as existing outstanding warrants as on date) v) In case of convertibles, The tenure of the Warrants shall not exceed 18 months intimation on conversion of from the date of allotment. Each Warrant shall carry a securities or on lapse of the right to subscribe to 1 (One) equity share, which may be tenure of the instrument exercised in one or more tranches. In the event the Warrant Allottee does not exercise the Warrants within the aforesaid period, the unexercised Warrants shall lapse and the amount paid by the Warrant Allottee shall stand forfeited.