Raymond Limited — Updates, 27-03-2025: Scheme of Arrangement

The National Company Law Tribunal has approved the Scheme of Arrangement between Raymond Limited and Raymond Realty Limited, effective from the filing of the certified copy with the Registrar of Companies. This restructuring aims to consolidate Raymond's real estate operations, attracting new investors and enabling focused management for both entities. The demerger is expected to unlock value, allowing for specialized growth and enhancing shareholder options, as existing shareholders will hold shares in two listed firms post-implementation. This development indicates a strategic shift that could positively influence investor sentiment by broadening market opportunities for both entities.