Unaudited Financial Results for the quarter ended June 30, 2026

SECRETARIAL DEPARTMENT Jekegrarn, Pokhran Road No.1, Thane (W)-400 606 Maharashtra, India GIN No.: L17117MH1925PLC001208 Tel: (91-22) 4036 7000/ 6152 7000 Fax: (91-22) 2541 2805 www.raymond.in RL/SE/26-27 /46 August 7, 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: Outcome of Board meeting - Financial Results We wish to inform you that the Board of Directors of Raymond Limited ("the Company") at their meeting held today i.e. August 7, 2026, has inter alia considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the First Quarter ended June 30, 2026. The Meeting commenced at 2:00 p.m. and concluded at 3:50 p.m. Accordingly, pursuant to Regulation 30 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following: 1. Unaudited Financial Results (Standalone and Consolidated) of the Company for the First Quarter ended June 30, 2026; 2. Limited Review Report of the Statutory Auditors of the Company for the said period; and 3. Press Release on the Unaudited Financial Results for thr First quarter ended June 30, 2026. Please take the above information on record. Thanking you. Yours faithfully, For RAYM D LIMITED RAKESH DARJI COMPANY SECRETARY Encl.: A/a REGISTERED OFFICE Plot � 156/H N:i. 2, Village Za:!gam, Ratnagiri -415 612, Maharashtra Tel (02352) 232514 Fae (02352) 232513 Price Waterhouse Chartered Accountants LLP Review Report The Board of Directors Raymond Limited JK House, 59A, Bhulabhai Desai Marg, Breach Candy Cumballa Hill, Mumbai -400026. 1. We have reviewed the unaudited consolidated financial results of Raymond Limited (the "Holding Company"), its subsidiaries (the Holding Company and its subsidiaries hereinafter referred to as the "Group"), and its share of the loss after tax and total comprehensive income of its joint ventures and associate companies (refer paragraph 4 below) for the quarter ended June 30, 2026, which are included in the accompanying Statement of consolidated financial results for the quarter ended 30 June 2026 (the "Statement"). The Statement is being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been initialled by us for identification purposes. 2. This Statement, which is the responsibility of the Holding Company's Management and has been approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting", prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ('SRE') 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and pe1form the reYiew to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations ,, 1 as~ ended, to the extent applicable. Price Waterhouse Chartered Accountants LLP, Nesco IT Building Ill, 8th Floor, N Gate No. 3 Western Express Highway, Goregaon East, Mumbai 400 063 T:+91(22)61197810 Pri~c: \\ Jl<0.l'liuu:,c (.1 P,11111.:hlup hnn I .:om cncd lllh'l Pn..:c Watcrh~Hhc l hanl!'r~J A1.:..:011111~ml.:, LLP (a r 1m11cd Li.1b1ht) P.1n11ehh1p \\ uh I I P 1d1:11111~ rm I I Pf\ \ \('~~IJ(J 11 "tth dfo..:1 from Juh ~5. ~O 1-t Po'it lh .:omer\h•ll ro Pm:c: \\ Jlcrhot1'!>C Chancn:d. \..:coumanb LI P. 1b IC.\l rcg1 ...1 r.i11011 munbcr 1:r, 0 I 2..,5-1~ ~500016 {I~· \I 1c:r::1;i.11.111on nu111b1."1 bc:1011•. ~omc1-...tu11 \\ ..1.:, (JI _:!-,q· ,) Price Waterhouse Chartered Accountants LLP 4. The Statement includes the results of the following entities listed in Annexure A. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The interim financial results of 3 subsidiaries reflect total revenues of Rs. 3,846 lakhs, total net profit after tax of Rs. 41 lakhs and total comprehensive income of Rs. 45 lakhs, for the quarter ended June 30, 2026, as considered in the unaudited consolidated financial results. The unaudited consolidated financial results also include the Group's share of net loss after tax of Rs. 29 lakhs and total comprehensive income of Rs. 12,837 lakhs for the quarter ended June 30, 2026, in respect of 2 associates and 1 joint ventures. These interim financial results have been reviewed by other auditors and their reports, vide which they have issued an unmodified conclusion, have been furnished to us by the Management or other auditors and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, associates and joint Yentures, is based on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of the above matters. 7. The unaudited consolidated financial results include the interim financial results of 1 subsidiary which has not been reviewed by their auditors, whose interim financial results reflect total revenue of NIL, total net loss after tax of Rs. 3 lakhs and total comprehensive loss of Rs. 3 lakhs for the quarter ended June 30, 2026, as considered in the unaudited consolidated financial results. The unaudited consolidated financial results also include the Group's share of net profit after tax of NIL and total comprehensive income of NIL for the quarter ended June 30, 2026, as considered in the unaudited consolidated financial results, in respect of 1 associate based on their interim financial results, which have not been reviewed by their auditors. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group. Our conclusion on the Statement is not modified in respect of the above matter. Price Waterhouse Chartered Accountants LLP 8. (a) The comparative figures of the Group as set out in the Statement for the quarter ended June 30, 2026 and March 31, 2026 were reviewed by anothe [Showing first 8,000 characters — download PDF for full document]