Please find enclosed Statement of Deviation & Variation under Regulation 32(1) and Regulation 32(3) of SEBI Listing Regulations

SECRETARIAL DEPARTMENT Jekegram, Pokhran Road No.1, Thane (W)-400 606 Maharashtra, India GIN No.: L1 7117MH1925PLC001208 Tel: (91-22) 4036 7000/ 6152 7000 Fa,: (91-22) 2541 2805 www.raymond.in RL/SE/26-27/74 October 27, 2026 The Department of Corporate Services - CRD The National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor P.J. Towers, Dalal Street Bandra-Kurla Complex Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 500330 Symbol: RAYMOND Dear Sir/Madam, Sub: Statement on Deviation or Variation of funds under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations) Dear Sir/ Madam, Pursuant to Regulation 32(1) and Regulation 32(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Statement of utilization of proceeds raised through the preferential issue of Convertible Share Warrants allotted on July 09, 2026. We confirm that there is no Deviation or Variation in the utilization of Funds. The aforesaid Statement was reviewed by the Audit Committee and taken on record by the Board of Directors at their respective meetings held today, i.e., October 27, 2026. The said information is also available on the website of the Company, i.e., https://www.raymond.in. Please take the above information on record. Thanking you. Yours faithfully, For Raymond Limited Rakesh Darji Company Secretary Encl: As above REGISTERED OFFICE Plot ~ 156/H i't1 2, Village Zadgam, Ratnagiri -415 612, Maha"ashtra TEt (02352) 232514 Fae (02352) 232513 TREASURY DEPARTMENT Sapphire Building, Jekegram, Pokhran Road No I. Thane (W) • 400 606 Maharashtra. India Tel: (91-22) 61527000 Fax: (91 22) 6L527595 I '10367595 www.rayrnond in Statement of Deviation / Variation in utilization of funds raised Name of listed entity Raymond Limited Preferential Issue Mode of Fund Raising (Convertible warrants) Date of Raising Funds July 09, 2026 Rs. 82,71,78,595 (Representing 25% upfront warrant subscription money Amount Raised of U24.25 per warrant on 66,57,373 warrants) Report filed for Quarter ended September 30, 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable CARE Ratings Limited Is there a Deviation/ Variation in use of No funds raised If yes, whether the same is pursuant to N.A. change in terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval N.A. Explanation for the Deviation/ Variation N.A. Comments of the Audit Committee after None review Comments of the auditors, if any None Objects for which funds have been raised and where there has been a deviation, in the following table Original Object Modified Original Modified Funds Amount of Remarks if any Object, Allocation allocation, Utilised Deviation/Variati if any (Rs. in if any on for the quarter Crore) according to applicable .... object Acquisitions in India anc NA 248.16 NA - internationally (Aerospace, Automotive, Defense, high Refer Note 1 growth future oriented sector l either directly or throug6 subsidiary for organic and inorganic gi:owth includin repayment of acquisition deb upto 75% of the aggregate proceeds of the issue General Corporate Purposes NA 82.72 NA (including transaction costs) upto 25% REGISTERED OFFICE Plot No. L56/H No 2. Village Zadgaon. Ratnaein -I\ 15 612 Maharashtra Tel, (02352) 232514 CIN No.: LI 7l I 7MH1925PLC001208 Fax, 102352) 2.32513 TREASURY DEPARTMENT Sapphire Building, Jekegram, Pokhran Road No. 1, Thane (W) • 400 606 Maharashtra, India Tel: (91-22) 61527000 Fax: (91-22) 61527595 / 40367595 www.raymond.in Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or c) Chan e in terms ofa contract referred • e fund,-raisin document i.e. ros ectus, letter of offer,etc. Signature Name of Signatory Mr. Rakesh Tiwary Designation Group CFO REGISlEREO OFFICE Plot No. 156/H No. 2, Village Zadgaon, Ratnaglri • 415 612. Maharashtra Teh (02352) 232514 CIN No., Ll 7117MHl925PLC001208 Fax, (02352) 232513 TREASURY DEPARTMENT Sapphire Buildlng. Jekegram, Pokhran Road No. l, Thane (W) • 400 606 Maharashtra, India Tel: (91-22) 61527000 Fax: (91-22) 61527595 / 40367595 www.raymond.ln Note 1: Pending complete utilization of the issue proceeds for the object described in the notice of EGM. The issue proceeds have been invested in Fixed Deposit & Mutual funds. Details of which are as under : Deployment of unutilized issue proceeds Type of il'!strume,it Sr. Amount and name of the No. invested entltv invested in 1 Mutual Fund 2,71,78,595 2 Fixed Decosit 80 00,00,000 ~ REGISlERED OFFICE Plot No. 166,IH No. 2. vm z~ugo,,n. Ratn""'11 • 416 612, Inn ,.,-"tn, {W) Tok 102352) 232514 CIN No., Ll7117MH1925PLC001208 Fax, 102352) 232513