Raymond Limited — Capital/Financing Update 2024

May 3, 2024

==> picture [455 x 95] intentionally omitted <==

RL/SE/24-25/22 May 3, 2024

To

The Department of Corporate Services - CRD National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5[th] Floor P.J. Towers, Dalal Street Bandra-Kurla Complex Mumbai - 400 001 Bandra (East), Mumbai - 400051 Scrip Code: 500330 Symbol: RAYMOND

Dear Sir/Madam,

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

----------------------------------------------------------------------------------------------------------------------

Pursuant to Regulation 30 of the Listing Regulations, this is to inform you that in order to facilitate the restructuring in the Aerospace business, the Board of Directors at its meeting held on May 3, 2024 have approved to acquire 50,000 equity shares of ₹10/- each of Ray Global Consumer Enterprise Limited (‘RGCEL’) from Ray Global Consumer Products Limited (‘RGCPL'), for an amount aggregating to ₹5 lakhs (together referred to as ‘Transaction’). Consequent to the Transaction, RGCEL will become a direct wholly owned subsidiary of the Company.

The details of the subsidiary 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 11:30 a.m. and concluded at 1:05 p.m.

This is for your information and dissemination.

Thanking you.

Yours faithfully,

For Raymond Limited

Rakesh Digitally signed by Muljibhai Rakesh Muljibhai Darji Date: 2024.05.03 Darji 13:06:32 +05'30'

Rakesh Darji Company Secretary

Encl.: as above

==> picture [456 x 60] intentionally omitted <==

==> picture [455 x 95] intentionally omitted <==

Annexure A

==> picture [457 x 559] intentionally omitted <==

----- Start of picture text -----

Sr. Particulars Details
No.
a) Name of the target entity, details in brief Ray Global Consumer Enterprise Limited
such as size, turnover etc. (‘RGCEL’) is a company incorporated under
the Companies Act, 2013 and having its
registered office at Pokharan Road No- 1,
Jekegram, Near Cadbury Junction, Thane –
400606 and is a wholly owned subsidiary
of Ray Global Consumer Products Limited
(RGCPL’).
The turnover of RGCEL for the financial
year ended on 31 March 2024 is Nil.
b) Whether the acquisition would fall within Yes. RGCEL is a wholly owned subsidiary of
related party transaction(s) and whether RGCPL. Further, RGCPL is a wholly owned
the promoter/ promoter group/ group subsidiary of Ray Global Consumer Trading
companies have any interest in the entity Limited, an associate company of the
being acquired? Company.
If yes, nature of interest and details
thereof and whether the same is done at Consequent to the present transaction, the
“arm’s length” Company will directly hold 50,000 equity
shares of face value ₹10/- each of RGCEL
(100% equity stake). As a result, RGCEL
will become a direct wholly owned
subsidiary of the Company.
The transaction shall be done according to
the prevalent laws and regulations. The
transaction is being done at “arm's length”.
c) Industry to which the entity being RGCEL currently does not carry on any
acquired belongs business. The object clause of the RGCEL
will be amended suitably to reflect the new
line of business.
d) Objects and effects of acquisition In order to facilitate restructuring in the
(including but not limited to, disclosure of Aerospace business, the Company has
reasons for acquisition of target entity, if approved acquisition of RGCEL.
its business is outside the main line of
business of the listed entity)
e) Brief details of any governmental or Not Applicable
regulatory approvals required for the
acquisition;
f) Indicative time period for completion of Before May 09, 2024
the acquisition;
----- End of picture text -----

==> picture [456 x 60] intentionally omitted <==

==> picture [455 x 95] intentionally omitted <==

Sr. No.	Particulars	Details
g)	Nature of consideration – whether cash consideration or share swap and details of the same;	Cash Consideration
h)	Cost of acquisition or the price at which the shares are acquired;	The Board approved the acquisition of 50,000 equity shares of ₹10/- each representing 100% paid-up equity share capital of RGCEL for a total purchase consideration of ₹5 lakhs.
i)	Percentage of shareholding / control acquired and/ or number of shares acquired;	The Board approved to acquire 100% equity shares of RGCEL.
j)	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief)	Line of Business: RGCEL currently does not carry on any business. The object clause of the RGCEL will be amended suitably to reflect the new line of business. Date of Incorporation: February 2, 2021 Last 3 years turnover: FY24 – Nil FY23 – Nil FY22–Nil

==> picture [456 x 60] intentionally omitted <==