Raymond Limited — Capital/Financing Update 2020

May 18, 2020

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RL/SE/AC/20-21/04

May 18, 2020

To, The Department of Corporate Services - CRD Bombay Stock Exchange Ltd. P.J. Towers, Dalal Street, Mumbai 400 001 Fax No.22722037 / 39 / 41 Scrip Code: 500330

The National Stock Exchange of India Ltd Exchange Plaza, 5[th] Floor, Bandra-Kurla Complex, Bandra (East) Mumbai 400 051 Fax No. 6641 8125/26 Symbol: RAYMOND

Luxembourg Stock Exchange Societe De La Bourse De Luxembourg, 35A, Boulevard Joseph II, L-1840 Luxembourg Trading Code : USY721231212

Dear Sirs

– Sub: Raymond Limited Intimation under Regulations 29 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

This is to inform you that in terms of Regulations 29 and 50 of the Listing Regulations, a meeting of the Committee of Directors of the Board of Directors of the Company will be held on Thursday, May 21, 2020 inter alia, to consider and approve the issue of Non-Convertible Debentures aggregating up to an amount not exceeding Rs.100 Crore on private placement basis. The said Non-Convertible Debentures are proposed to be listed on NSE’s WDM Segment.

You are requested to take the above disclosure on record.

Thanking you,

Yours faithfully, For Raymond Limited

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Thomas Fernandes Director-Secretarial & Company Secretary

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