Raymond Limited : Preferential Issue of Share Warrants

Shareholder approval has been officially granted for Raymond Limited’s proposal to issue share warrants on a preferential basis to Minerva Ventures Fund. The Special Resolution was overwhelmingly passed during the company’s Extraordinary General Meeting (EGM) held today via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). Resolution Approved: Special Resolution for the preferential issue of 33,28,686 share warrants on a private placement basis to Minerva Ventures Fund. Voting Support: Passed with a 99.9978% majority of total valid votes cast. In Favor: 3,76,62,168 votes (332 members) Against: 833 votes (27 members) Meeting Overview: The EGM was conducted virtually between 04:30 PM and 05:04 PM IST. A total of 45 shareholders attended via video conference (7 Promoter Group, 38 Public) out of 2,57,438 recorded shareholders as of the cut-off date (September 26, 2026).