Raymond Limited — Capital/Financing Update 2023

Nov 8, 2023

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RL/SE/23-24/175 November 8, 2023

To

The Department of Corporate Services - CRD BSE Limited P.J. Towers, Dalal Street Mumbai - 400 001 Scrip Code: 500330

National Stock Exchange of India Limited Exchange Plaza, 5[th] Floor Bandra-Kurla Complex Bandra (East), Mumbai - 400051 Symbol: RAYMOND

Dear Sir/Madam,

Sub.: Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

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Pursuant to Regulation 30 of the Listing Regulations this is to inform you that the Board of Directors of Raymond Limited at their meeting held today have inter alia approved providing Sponsor Support and Undertaking/ Shortfall Undertaking in relation to the construction loan for an amount upto Rs.350 Crore to be availed by Ten X Realty Limited, a step down wholly owned subsidiary of the Company.

The details as required under Listing Regulations read with SEBI Master Circular No. SEBI/ HO/ CFD/ PoD2/ CIR/ P/ 2023/120 dated July 11, 2023 are enclosed as Annexure A.

The meeting of the Board of Directors commenced at 2:00 p.m. and concluded at 04:10 p.m.

This is for your information and dissemination.

Thanking you,

Yours faithfully, For Raymond Limited

RAKESH Digitally signed by RAKESH MULJIBHAI MULJIBHAI DARJI Date: 2023.11.08 16:27:31 DARJI +05'30'

Rakesh Darji Company Secretary

Encl.: as above

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Annexure A

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Sr. Particulars Details
No.
a) Name of party for which such guarantees or Ten X Realty Limited, step down wholly
indemnity or surety was given owned subsidiary of the Company (“TXRL”)
b) Whether the promoter/ promoter group/ Not applicable
group companies have any interest in this
transaction? If yes, nature of interest and
d`etails thereof and whether the same is
done at “arm’s length”
c) Brief details of such guarantee or indemnity TXRL proposes to avail construction loan
or becoming a surety viz. brief details of from Banks/ FIs for its construction activities.
agreement entered (if any) including
As part of the facility agreement, Raymond
significant terms and conditions, including
Limited is required to provide a Sponsor
amount of guarantee;
Support and Shortfall undertaking for the
facility amount upto Rs.350 Crore on behalf of
TXRL
d) Impact of such guarantees or indemnity or The Company would be required to pay the
surety on listed entity entire outstanding loan amount upto
Rs. 350 Crore to the Banks/FIs in case TXRL
fails to repay the loan
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