Raymond Limited — M&A Activity 2024

Mar 28, 2024

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RL/SE /23-24/278

March 28, 2024

To

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

The 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")

In continuation to our intimation vide letter no. RL/SE/23-24/169 dated November 3, 2023, and pursuant to Regulation 30 of the Listing Regulations, this is to inform that Ring Plus Aqua Limited (“RPAL”), a subsidiary of JK Files & Engineering Limited, wholly owned subsidiary of Raymond Limited has on March 28, 2024 completed the acquisition of 59.25% stake in Maini Precision Products Limited. Further, the Composite Scheme of Arrangement as contemplated in our aforesaid communication will now be initiated.

This is for your information and dissemination.

Thanking you.

Yours faithfully, For Raymond Limited

RAKESH Digitally signed by RAKESH MULJIBHAI MULJIBHAI DARJI Date: 2024.03.28 DARJI 22:15:14 +05'30' Rakesh Darji Company Secretary

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