EGM transacts resolutions on increase in authorised share capital and preferential issue of securities

Extra-Ordinary General Meeting of Raymond Realty Limited was held on October 08, 2026, from 12:00 Noon to 12:40 P.M.

Thu 8 Oct 2026

EGM Date

October 08, 2026

Meeting Time

12:00 Noon to 12:40 P.M.

Notice Date

September 11, 2026

What happened

Raymond Realty Limited, formerly known as Raymond Lifestyle Limited, held its Extra-Ordinary General Meeting (EGM) on October 08, 2026. The meeting commenced at 12:00 Noon and concluded at 12:40 P.M., including the e-voting facility. It was held through two-way video conferencing and other audio-visual means.

The business as mentioned in the Notice dated September 11, 2026 convening the EGM was transacted at the meeting. A summary of the proceedings forms part of the disclosure made to the stock exchanges.

The two resolutions placed before shareholders

• Increase in Authorised Share Capital and consequent alteration to the Capital Clause of the Memorandum of Association — moved as an Ordinary Resolution.
• Approval of Preferential Issue of Securities on a Private Placement basis — moved as a Special Resolution.

What these items mean

Authorised share capital is the maximum value of shares a company is permitted to issue as per its Memorandum of Association. An increase in authorised share capital raises that ceiling and requires an alteration to the Capital Clause of the Memorandum. In simple terms, it creates headroom for the company to issue more shares in future; the approval of an increase by itself is not the same as an issue of shares taking place.

A preferential issue on a private placement basis refers to the allotment of securities to a select set of investors rather than to the public. Because such an issue can change the shareholding pattern, it is placed before shareholders as a Special Resolution, which requires a higher level of shareholder approval than an Ordinary Resolution.

Voting and next steps

Both items were open for voting through remote e-voting as well as e-voting during the EGM. The Chairman has authorised the Company Secretary/Chief Financial Officer to declare the voting results. The details of the voting results along with the Scrutinizer's Report will be disseminated to the stock exchanges and will be placed on the website of the company in due course.

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