Raymond Ltd Clarifies Shareholding Post Preferential Issue

Raymond Ltd has provided an update regarding its preferential issue of share warrants. Following queries from stock exchanges, the company clarified the post-preferential issue shareholding of Minerva Ventures Fund. The holding is now stated as 4.31% on a fully diluted basis, assuming full conversion of existing and proposed warrants, and exercise of outstanding Employee Stock Options. The company reiterated that this issue will not alter the Board composition or control of Raymond Ltd.