Raymond Limited — Others, 25-01-2025: Shareholders meeting

Raymond Limited has announced a board meeting to discuss and finalize the results of the e-voting concerning the approval of the Scheme of Arrangement with Raymond Realty Limited. The resolutions received overwhelming support from shareholders and unsecured creditors, with 99.99% of votes in favor from a total of approximately 66.57 crore shares voted. This approval marks a significant step for the company, enhancing its strategic alignment and operational framework. Investors may view this as a positive outlook for Raymond's future growth and consolidation efforts. The results of the voting and scrutinizer’s report are accessible on the company’s website.