Shareholders approve preferential issue of 33,28,686 share warrants to Minerva Ventures fund
Shareholders passed the special resolution for the preferential issue of securities on a private placement basis at the EGM held on October 3, 2026.
- Share Warrants Approved
- 33,28,686 Share Warrants on a preferential basis to Minerva Ventures fund
- Votes In Favour
- 99.9978% of valid votes cast were in favour
- Votes Against
- 0.0022% were against
- Shareholders On Record
- 2,57,438 shareholders were on record as on September 26, 2026
- EGM Date
- EGM held on October 3, 2026
Outcome of the EGM
Raymond Ltd held an Extraordinary General Meeting on October 3, 2026, held through video conferencing. Resolution No. 1, the preferential issue of securities on a private placement basis, was a Special Resolution and was passed with the requisite majority through e-voting.
What was approved
- Issue of 33,28,686 Share Warrants on a preferential basis to Minerva Ventures fund.
- The preferential issue of securities on a private placement basis, as set out in the Notice of the EGM dated September 8, 2026, is approved by the shareholders.
- The promoter and promoter group were not interested in the resolution.
Plain-language view
In a preferential issue, a company allots shares or convertible instruments to a chosen set of investors rather than to all shareholders. A share warrant is an instrument that can later be converted into equity shares. This vote is the shareholders' approval for the issue itself.
How the votes were cast
- Across the voting categories, 66,573,731 shares were held and 56.5734% of outstanding shares were polled.
- Promoter and promoter group: 32,534,100 shares held, 32,526,050 votes polled, all in favour.
- Public institutions: 5089842 votes polled, all in favour.
- Total votes in favour: 37662168, or 99.9978% of valid votes. Votes against: 833, or 0.0022%. 332 members voted in favour.
The Scrutinizer's process
- The e-voting was scrutinised by Dinesh Kumar Deora of DM & Associates Company Secretaries LLP.
- Remote e-voting ran from September 29, 2026 to October 2, 2026, open to shareholders on the record date of September 26, 2026, when 2,57,438 shareholders were on record.
- Members attending the meeting through video conferencing could also vote electronically at the EGM.
What this means
The shareholders' consent for the preferential issue of the warrants to Minerva Ventures fund has been received, and the resolution is recorded as passed with the requisite majority.
Also from Raymond
Shareholders pass special resolution for preferential issue of 33,28,686 share warrants to Minerva Ventures fund
3 Oct 2026
EGM held on October 3, 2026; special resolution on preferential issue of securities transacted
3 Oct 2026
More numbers
- Share warrants to be issued on preferential basis to Minerva Ventures fund33,28,686
- Total shares held across voting categories66573731
- Shares held by promoter and promoter group32534100
- Votes polled by promoter and promoter group32526050
- Votes polled by public institutions5089842
- Votes polled as % of outstanding shares56.5734
- Total votes cast in favour of the resolution37662168
- Votes in favour as % of total valid votes cast99.9978
- Total votes cast against the resolution833
- Votes against as % of total valid votes cast0.0022
- Members who voted in favour of the resolution332
- Total number of shareholders on record date2,57,438
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