Raymond Realty544420Preferential allotment

EGM notice: revised use-of-proceeds plan and post-issue shareholding pattern shared with exchanges

Revised EGM-notice points shared.

By ScoutQuest · Tue 13 Oct 2026, 7:27 PM IST · 2 min read

55.04%Promoter and Promoter Group holding warrants and ESOPs

Promoter and Promoter Group holding warrants and ESOPs: 55.04%.

Proceeds - Pokhran Road project: ₹247 crore
Proceeds - Laxmi Nagar project: ₹60 crore
Promoter holding post warrants: 50.93% to 55.04%

Clarification to the exchange

The company has shared revised point nos. 4 and 5, and point no. 17, of the explanatory statement forming part of its Extra-Ordinary General Meeting notice. Point nos. 4 and 5 cover the proposed schedule and the interim use of the preferential-issue proceeds, and point no. 17 covers the shareholding pattern before and after the preferential issue. The revisions were submitted with reference to the queries raised by NSE on the EGM notice.

Where the money is planned to go

Approval and construction cost for the realty project at Pokhran Road no 1, Jekegram, Thane: ₹247 crore
Approval and construction cost for the realty project next to Lake Shore Mall, Laxmi Nagar, Thane: ₹60 crore
General corporate purposes, including transaction costs: ₹102 crore

Timeline and flexibility

The objects are to be funded within a period of three years from the date of receipt of funds.
The preferential issue includes warrants, so the warrant-related proceeds will be received separately and used for the same objects in phases, based on the company's business requirements and the actual availability of proceeds.
The amounts stated may vary by +/- 10%, since the objects are based on management estimates and commercial and technical factors.
The Board, including any committee of it, reserves the right to re-schedule and revise the planned expenditure, subject to compliance with applicable laws and stock exchange requirements.

Interim use

Until the proceeds are fully used, the company plans to invest them in fixed deposits and debt mutual funds as per its investment policy, and states that the proceeds will not be used for any purpose inconsistent with the stated objects.

Shareholding before and after the issue

Promoter and Promoter Group holding: 50.93% before the issue, rising to 55.04% after the warrants and employee stock options.
Public shareholding on the same fully diluted basis: 44.93%.
The post-issue figures are calculated on a fully diluted basis, assuming full conversion of the share warrants issued under this issue and exercise of the employee stock options outstanding as on September 11, 2026.

What these revised disclosures show

The revision sets out the object-wise break-up of how the preferential-issue proceeds are proposed to be used, the flexibility available around those amounts and timelines, and how promoter and public shareholding would look assuming full conversion of the warrants and exercise of the outstanding employee stock options.

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