Raymond Limited — Proxy Solicitation & Information Statement 2023

Feb 24, 2023

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RL/SE/22-23/208

February 24, 2023

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 - 400 051 Symbol: RAYMOND

Dear Sir/Madam

- Sub: Raymond Limited: Newspaper Publication regarding Postal Ballot and E voting Facility

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the copies of newspaper advertisement published in Business Standard (English) and Ratnagiri Times (Marathi) on February 24, 2023 regarding Postal Ballot of the Company and E-voting facility to the Members of the Company, for your information.

Please take the above disclosure on record.

Thanking you.

Yours faithfully, For Raymond Limited Digitally signed by RAKESH RAKESH MULJIBHAI DARJI MULJIBHAI DARJI Date: 2023.02.24 15:21:24 +05'30' Rakesh Darji Director - Secretarial & Company Secretary

Encl.: as above

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6 POLITICS & PUBLIC AFFAIRS

MUMBAI | FRIDAY, 24 FEBRUARY 2023 1

~~>~~

More renewables, less of fossil fuel: PM’s green plan

THE INDIAN HUME PIPE COMPANY LIMITED

CIN : L51500MH1926PLC001255

Regd. Office: Construction House, 5, Walchand Hirachand Road, Ballard Estate, Mumbai 400 001

Tel: +91-22-22618091,+91-22-40748181, Fax: +91-22-22656863 E-mail: info@indianhumepipe.com, Website : www.indianhumepipe.com PUBLIC NOTICE PUBLIC NOTICE OF POSTAL BALLOT AND REMOTE E-VOTING INFORMATION

Notice is hereby given pursuant to the provisions of Section 110 read with Section 108 of the Companies Act, 2013 (“Act”) and all other applicable provisions, if any, of the Act, read together with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014 (“Rules”), Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “SEBI Listing Regulations”), read with General Circulars issued by the Ministry of Corporate Affairs (“MCA”) from time to time (“MCA Circulars”), the Notice of Postal Ballot alongwith Explanatory Statement appended thereto (“Notice”), has been duly sent on i.e. Thursday, 23rd February, 2023 through electronic Company/Depositories as on cut-off date i.e. Friday, 17mode to the Members whose email ids are registered in the records with the th February, 2023 for seeking their approval by way of Special Resolution for re-appointment of Ms. Sucheta N. Shah as an Independent Woman Director of the Company. For the business as set out in the Postal Ballot Notice, the Company is providing voting through electronic means (remote e-voting) facility to all the members to enable them to cast their vote electronically. The Company has engaged the services of National Securities Depository Limited (NSDL) for the purpose of providing e-voting facility to all its Members. Details of Postal Ballot schedule are as follows:-

Sr Particulars Schedule No 1 Date & Time of 24.02.2023 9:00 am (IST) commencement of remote e-voting 2 Date & Time of end 25.03.2023 5:00 pm (IST) of remote e-voting

3 Websites where Notice of www.indianhumepipe.com, www.evoting.nsdl.com, Postal Ballot is available www.bseindia.com and www.nseindia.com

beneficial owners maintained by the depositories as on i.e. Friday, 17A person whose name is recorded in the register of members or in register of th February, 2023 shall be entitled to vote on the resolution proposed to be passed by Postal Ballot through remote e-voting and any person who is not a member as on that dateshouldtreatthisPostalBallotnoticeforinformationpurposeonly. As per the MCA Circulars, the hard copy of the postal ballot form and postage prepaid self-addressed business reply envelope to the members has not been sent to the members for this postal ballot. The members are requested to communicate their assent or dissent through remote e-voting system only. The manner and instructions for remote e-voting, registering email addresses for receiving the notice of postal ballot, obtaining login id and password is given in the postal ballot notice in detail.

For details relating to e-voting, please refer to the postal ballot notice. In case of any queries, you may refer the Frequently Asked Questions ("FAQs") for Shareholders and e-voting user manual for Shareholders available at the download section of https://www.evoting.nsdl.com. For any grievances connected with facility for e-voting, please contact Ms. Pallavi Mhatre, Manager, NSDL, 4th Floor, 'A' Wing, Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai 400013, e-mail: evoting.nsdl.co.in, toll free no: 1800 1020 990/1800 224 430. The Board of Directors of the Company has appointed Mr. J. H. Ranade (FCS 4317) or failing him, Mr. Sohan J. Ranade (ACS 33416) or failing him, Ms. Tejasvi P. Jogal (ACS 29608) (any one of them), Partners of JHR & Associates, Company Secretaries in practice, as the Scrutinizer for conducting the postal ballot and remote e-voting process in a fair and transparent manner. on Saturday, 25Members are requested to note that the remote e-voting shall end at 5:00 P.M. th March, 2023 (closure date) and remote e-voting module shall be disabled by NDSLfor voting after closure date. report shall be announced on or before Monday, 27The results of the postal ballot through remote e-voting along with scrutiniser’s th March, 2023 and shall be displayed on the website of the Company at www.indianhumepipe.com and on the website of NSDLat www.evoting.nsdl.com, besides being communicated to the stock exchanges, i.e. BSE Limited and the National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively.

By Order of the Board For The Indian Hume Pipe Company Limited Sd/S M Mandke Date : 23.02.2023 Vice President - Company Secretary Place : Mumbai FCS 2723

SHREYA JAI New Delhi, 23 February

This Budget will play a key n the first of 12 post-Budget webinars role in establishing India as a lead Iby the Centre, Prime Minister Narendra Modi addressed the stake- player in the global green energy holders and government departments on market. That is why, today, I invite “green growth”. The webinars hosted by the power ministry will focus on both ener- every stakeholder of the energy gy and non-energy components of green world to invest in India growth. The PM said the strategy for green NARENDRA MODI, Prime Minister growth stands on three pillars. “First, increasing the production of renewable energy; second, reducing the use of fossil surate change in the world. This Budget had been achieved nine years in advance. fuel in the economy; and finally, rapidly will play a key role in establishing India as He said the government’s focus is on moving towards a gas-based economy in a lead player in the global green energy biofuels, and it will open new investment the country,” he said. Over the years, market. That is why, today, I invite every opportunities. The PM highlighted that schemes such as ethanol blending, PM stakeholder of the energy world to invest India could produce 10,000 million cubic KUSUM Yojana, incentives for solar manin India,” he said. Talking about India’s metres of biogas from cow dung and ufacturing, rooftop solar, coal gasification, achievements in the green energy sector, 150,000 cubic metres of gas, contributing and battery storage had been a step in the he said the country had already achieved up to 8 per cent to the city gas distribution right direction, Modi said. “India has a the target of 10 per cent ethanol blending in the country. The PM also mentioned commanding position in the renewable in petrol five months before time, and 40 India's vehicle scrapping policy as a crucial energy space and will ensure a commenper cent non-fossil fuel power generation part of the green growth strategy.

REMARKS AGAINST PM: HIGH DRAMA AT DELHI AIRPORT

Cong’s Khera arrested, given bail

BHAVINI MISHRA & AGENCIES sion with several of his party Justices P S Narasimha and New Delhi, 23 February colleagues when he was arrestM R Shah directed a Delhi ed based on a first information court to grant Khera relief after The Supreme Court on report registered against him. he approached the top court Thursday granted interim bail As drama escalated at on Thursday. to Congress spokesperson terminal one of the domestic “To protect the petitioner Pawan Khera, hours after he airport and Khera was until he applies for regular bail was booked by Assam and deboarded, IndiGo staff before the jurisdictional court Uttar Pradesh (UP) police for initially told Congress leaders concerning all FIRs, we direct allegedly making derogatory there was confusion over his until the next date of listing the remarks against Prime Minister the Delhi airport from a flight bags. They said police were on petitioner shall be released on (PM) Narendra Modi at a press to Raipur and his party leaders their way and would explain the interim bail by Delhi court this conference. protesting on the tarmac. reason to him. evening. The above order shall A day of high drama began Khera was on his way to Raipur The Bench of Chief Justice stay in operation until with Khera being deplaned at for the Congress plenary sesof India D Y Chandrachud, Tuesday,” the court ordered.

Ukraine will be a major topic of discussion during my time here in India,” she said.

FROM PAGE 1

INDIA INC'S ATTRITION WOES IN 2022

n Overall attrition n Involuntary attrition (In %) here in India,” she said. 29.1 India Inc... Financial institutions 8.4 ‘Global economy better Sumit Kumar, chief business 27.3 placed now’ Tech consulting & services officer, TeamLease says, 5.7 Interacting with the media, “Organisations are caught E-commerce 24.0 Yellen said the global outlook between the devil and the deep 5.3 has improved over the past few blue sea where they have to Aerospace 11.0 months. “While there are signifmanage rising costs and retain 1.9 icant headwinds, it’s fair to say talent. Under the given circumEngineering/manufacturing 10.4 that the global economy is in a stances, 10.3 per cent seems viable. While growing inflation Automotive 1.8 10.2 Source: Aon India's 28th Annual SalaryIncrease Survey better place today than many predicted a few months ago. and rise in lending interest 1.9 2022-23 Phase II The challenges we face are real, rates could dampen sentiment and the future is always uncerof an average salaried employalso driving productivity from days. Many parts of the country tain. But the outlook has ee, the silver lining is that there existing employees,” observes are already recording temperimproved since we gathered in are no salary cuts which we Roopank Chaudhary, partner, atures that are usually logged the fall,” she said. IMF MD have seen in earlier recession human capital solutions, India in the first week of March. This Kristalina Georgieva said on scenarios.” Meanwhile, India’s at Aon. Kumar points out that has fuelled concern about an Wednesday that about 15 per attrition rate continued to the talent gap is the principal intense summer and heat cent of low-income nations are climb in 2022, reaching 21.4 per reason for soaring hiring costs waves this year. in debt distress and an additioncent. The survey pegged an and higher attrition levels. “The last El Niño event was al 45 per cent at high risk of debt ever-changing talent strategy According to the survey, in 2018, which coincided with distress. Among emerging eco - and the ongoing gap between firms dealing with technology below-normal rainfall in India. nomies, about 25 per cent are at the supply and demand of talplatforms and products are Since then, India has witnessed high risk and facing “defaultent as the prime causes for this likely to see the highest hikes four successive good monlike” borrowing spreads. increase. Involuntary attrition in salaries in 2023, with an soons. Given the backdrop, the increased by virtue of recent layoffs. Financial institutions industry average of 10.9 per cent. This comes amid reports probability of a fifth normal monsoon appears faint at this Goenka... and technology consulting and of India’s IT majors like Wipro stage. Clarity usually emerges services saw the highest involbacktracking on its initial offers only around April-May,” wrote In an order passed on untary attrition at 8.4 and 5.7 of annual salary packages from Abneesh Roy, Rushabh Wednesday, the NCLT had per cent, respectively, while ~6.5 lakh to ~3.5 lakh for freshBhachawat and Jainam Gosar allowed the plea of IndusInd manufacturing and automomen. of Nuvama Research in a Bank, a financial creditor to tive industries saw the lowest recent report. The Monthly Zee, to admit the company at 1.8 per cent and 1.9 per cent. El Niño... Economic Review, however, under the CIRP. The tribunal “With first the Great remained hopeful about the appointed Sanjeev Kumar Resignation and then the trend The India Meteorological performance of the Indian Jalan the interim resolution of Quiet Quitting, a sizeable Department on Thursday reiteconomy in FY24. “Thanks to professional for the company. proportion of employees erated that Northwest, Central, the emphasis on macroecoThe NCLT also admitted a appears disengaged from its and East India were predicted nomic stability in the last sevsimilar insolvency petition workspace. Organisations are, to record maximum temperaeral years, the Indian economy against Essel Group’s Siti therefore, facing a challenge in tures three to five degrees faces the year ahead with conNetworks by IndusInd Bank, not only retaining talent but above normal over the next five fidence while being mindful of appointing Rohit Mehra the the risks,” it said. Though there IRP. The developments hit ~~>~~ ~~BS SUDOKU #3905~~ have been some instances of Zee’s shares hard on Thursday, inflation stiffening above the with the stock tanking 14 per downward trending line, inflacent intra-day on the BSE. It tion decline does not often finally settled at ~198.75 apiece happen in a straight line as at the close of trade, down 3.47 prices are usually downward per cent versus the previous sticky, the report said. day’s close. The admission of insolvency proceedings against Yellen... Zee, say lawyers, will delay the company’s proposed merger with Sony. Business Standard has learnt “I see a delay of at least three from informed sources that to six months with these insolIndia is averse to the use of the vency proceedings having term ‘war’ in the communiqué, been initiated by IndusInd but softer terms like ‘crisis’ may because these issues will have not be acceptable to G7 memto be resolved first before the bers, all of whom are a part of final approval to the proposed G20 as well. The G7 nations merger is granted by NCLT,” have committed $39 billion in Satish Kishchandani, managadditional aid and support to ing partner at law firm Pioneer Ukraine in 2023, and Yellen Legal, said. said the US would provide $10 billion in support over the coming months. “Russia’s economy Banga... SOLUTION TO #3904 has become increasingly isolated. Estimates indicate that “Ajay is uniquely equipped to Easy: nearly a million Russians may lead the World Bank at this crit«« have left the country last year. ical moment in history,” Biden Solution This is putting downward pressaid in a statement. “He has tomorrow sure on its productive capacispent more than three decades ty,” said Yellen. Her statement building and managing suc- ~~HOW TO PLAY~~ comes days after Biden made cessful, global companies that a surprise visit to Ukraine’s capcreate jobs and bring investFill in the grid so that ital Kyiv. In her remarks, Yellen ment to developing economies, every row, every colmentioned Russia 16 times and and guiding organisations umn and every 3x3 said that the IMF must move through periods of fundamenbox contains swiftly towards a fully financed tal change.” the digits 1 to 9 programme for Ukr aine. “Continued, robust support for More on business-standard.com

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