Raymond Realty Clarifies EGM Notice on Preferential Issue
Raymond Realty Ltd has provided clarifications to the National Stock Exchange (NSE) regarding queries on the Notice of its Extra-Ordinary General Meeting (EGM) held on October 08, 2026. The clarifications pertain to the preferential issue of securities. The company detailed the proposed schedule and timeline for the utilization of issue proceeds, allocating ₹247 Crores for a realty project at Pokhran Road, Thane, and ₹60 Crores for a project in Laxmi Nagar, Thane. An additional ₹102 Crores is earmarked for general corporate purposes. Pending full utilization, proceeds will be invested in fixed deposits and debt mutual funds. The company also submitted an updated shareholding pattern post-preferential issue.
Key Highlights
- Raymond Realty provides clarifications on EGM notice to NSE.
- Preferential issue proceeds to fund two realty projects.
- ₹247 Cr allocated for Pokhran Road project, ₹60 Cr for Laxmi Nagar.
- ₹102 Cr set aside for general corporate purposes.
- Proceeds to be invested in FDs and debt MFs pending utilization.
Price Impact
More from RAYMONDREL