Raymond EGM on Oct 3, 2026: VC voting, warrant plan

Raymond sets an EGM date for October 3

Raymond Limited has scheduled an Extraordinary General Meeting (EGM) of its members for Saturday, October 3, 2026. The meeting is set to begin at 4:30 pm. It will be conducted through video conferencing (VC) or other audio-visual means (OAVM). The company said the EGM will transact the business set out in the meeting notice. The announcement comes amid a series of corporate actions and disclosures by the company over recent months. These include voting disclosures around earlier shareholder meetings and board decisions tied to fund-raising instruments.

The company has also referred to attached voting results and the scrutinizer’s report for an Annual General Meeting (AGM) held on July 14, 2026. While the detailed results are not provided in the text shared, the reference indicates ongoing regulatory disclosures related to shareholder approvals and meeting outcomes.

Meeting format and regulatory framework

Raymond said the October 3 EGM will be held in compliance with the relevant circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). The VC/OAVM format is positioned as the method for conducting the meeting and enabling participation without physical presence.

The company also noted that members attending through VC/OAVM will be counted for quorum purposes. This is specifically referenced under Section 103 of the Companies Act, 2013. The quorum statement is relevant for shareholders who plan to join the meeting remotely and want clarity on how attendance is recorded.

Who will receive the notice and the cutoff date

Raymond said the EGM notice will be sent electronically to shareholders whose email addresses are registered with the company or with depositories as on September 4, 2026. The same date is also described as the cutoff date for receiving the electronic notice.

For shareholders who have not registered email addresses, the company has outlined separate routes depending on holding mode. Members holding shares in physical mode who have not registered their email can do so by sending a signed request letter to the Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited. Shareholders holding shares in demat mode are advised to contact their Depository Participant (DP) to register their email address.

In addition to direct electronic communication, Raymond said a copy of the EGM notice will be available on the company’s website and on the websites of the stock exchanges where it is listed.

Remote e-voting: what the company has offered

Raymond stated it is providing a remote e-voting facility to all members for the resolutions outlined in the EGM notice. The announcement frames remote e-voting as the voting mechanism for shareholders to participate in decision-making, alongside joining the meeting on VC/OAVM.

The disclosures do not specify the exact remote e-voting window for the October 3 EGM. However, the company has separately disclosed remote e-voting dates for an earlier EGM in June 2026, which provides context on how such schedules have been set previously.

Key EGM details at a glance

Preferential allotment: Minerva Ventures Fund warrants

Alongside the EGM scheduling disclosure, the text also states that Raymond’s board has approved the issuance of 33.29 lakh convertible warrants to Minerva Ventures Fund via preferential allotment. The transaction is valued at ₹214.71 crore. Each warrant is priced at ₹645.

This board-approved issuance is part of the broader capital-raising activity that the company has disclosed through exchange filings and Regulation 30 updates. While the EGM notice content is not included in the shared text, the presence of warrant-related disclosures in the same context highlights the connection between shareholder meetings and approvals for corporate fund-raising actions.

Earlier EGM in June 2026 and warrant approvals

The text also references “Voting Results for the EGM held on June 18, 2026” and includes details of a preferential issue linked to that period. Raymond had called an EGM on June 18, 2026 to approve the issuance of 66,57,373 warrants to a promoter group entity, JK Investors (Bombay) Limited. The issue price mentioned is ₹497 per warrant, with the total proposed fund raise described as ₹330.88 crore.

For that June 2026 EGM, remote e-voting was disclosed to have commenced on June 13, 2026 at 09:00 am IST and concluded on June 17, 2026 at 05:00 pm IST. This provides an example of the company’s approach to remote voting timelines for shareholder resolutions conducted through VC/OAVM.

Other recent corporate actions cited in the disclosures

Beyond EGMs and warrants, the text includes a disclosure on employee stock options. Raymond granted 1,87,056 ESOP options to an employee at ₹740.85 on September 7, 2026. The text also mentions a board meeting intimation: the board was scheduled to meet on September 8, 2026 to consider raising of funds. The possible routes listed include equity, convertibles, warrants, or a rights issue.

Separately, the company disclosed participation in the India Inc. Unplugged 2026 - PCG Investor Conference organised by Phillip Capital (India) Pvt. Ltd. on June 23, 2026 at Grand Hyatt, Mumbai. While this is not directly tied to the October EGM logistics, it indicates continued investor engagement in the same period.

Market impact: what the disclosures change for shareholders

For shareholders, the immediate practical impact is procedural: the company has set a clear electronic communication cutoff date of September 4, 2026, and outlined how physical and demat holders should update email details. This affects who receives the EGM notice automatically and who needs to take action to avoid missing meeting information.

On the capital-raising side, the disclosed warrant issuances carry clear numerical markers. The Minerva Ventures Fund allotment is described as 33.29 lakh warrants at ₹645 each, valued at ₹214.71 crore. The earlier June proposal referenced 66,57,373 warrants at ₹497 each, raising ₹330.88 crore, linked to JK Investors (Bombay) Limited. These numbers provide investors with a factual basis to track the scale of fund-raising steps and the instruments being used, without implying any outcome beyond what is explicitly stated.

Why the October 3 EGM matters in the current sequence

The scheduling of an EGM, particularly in a period where multiple fund-raising related disclosures are present, signals that shareholder decisions remain a key part of the company’s corporate actions workflow. The company has also reiterated compliance with MCA and SEBI circulars for remote meetings, and confirmed that remote attendance counts toward quorum.

The next concrete milestones, based on the disclosed timeline, are the dispatch and access of the EGM notice for eligible shareholders as of September 4, 2026, and the EGM itself on October 3, 2026 at 4:30 pm via VC/OAVM. Shareholders looking to participate will need to rely on the electronic notice and the remote e-voting facility described by the company.