The instruments will be issued at ₹497 per warrant, including a premium of ₹487 per warrant, by way of preferential issue on a private placement basis to JK Investors (Bombay) Ltd, a member of the promoter group, subject to shareholder and other statutory approvals.
Each warrant will be convertible into one fully paid-up equity share of ₹10 face value, and may be exercised in one or more tranches within 18 months from the date of allotment. Unconverted warrants at the end of the tenure will lapse, and the amount paid on such warrants will be forfeited. JK Investors (Bombay) Ltd is the sole investor in the issue.
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Post-preferential issue, JK Investors’ shareholding is expected to rise to 2.65 crore shares, representing 36.21% on a fully diluted basis, compared with 1.99 crore shares or 29.83% earlier.
Fourth quarter results
Raymond reported 8.2% revenue growth during the quarter at ₹603 crore versus ₹557.2 crore reported last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter increased by 26.2% year-on-year to ₹75.7 crore.
The EBITDA margin expanded by 200 basis points from the previous quarter, while EBITDA growth during the period stood at 26.2% at ₹75.7 crore. Raymond remains net-debt-free, ending the year with a net cash surplus of ₹68 crore.
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“Our strategy remains clear: we are investing in high-moat sectors where our technical expertise provides a competitive edge,” Chairman & Managing Director Gautam Hari Singhania said. “As our subsidiaries continue to deliver strong operational results, our priority is now to scale at pace with global demand. We remain steadfast in our pursuit of high-margin opportunities that drive long-term shareholder wealth,” he added.
In the aerospace & defence division, the company capitalised on the shift towards domestic production and sophisticated subsystems, securing a high-value pipeline for global tier-1 partners.
Shares of Raymond Ltd ended at ₹559.15, up by ₹7.05, or 1.28%, on the BSE today, May 25.
(Edited by : Shoma Bhattacharjee)
First Published: May 25, 2026 7:05 PM IST
