Raymond Ltd Clarifies News Article, Confirms No Material Event

Raymond Ltd has responded to a clarification sought by the exchange regarding a news article. The company stated that while it evaluates strategic opportunities for growth, there is no material event or information requiring disclosure at this stage. Raymond confirmed that the news article's statements, except the first, are speculative and not endorsed by the company. The Board and Shareholders have approved raising up to ₹330.88 crore via Share Warrants for acquisitions and general corporate purposes. The company is unaware of any unannounced information that could explain trading movements and denies any regulatory/legal proceedings related to the subject.