Raymond Limited — Updates, 01-05-2025: Scheme of Arrangement

Raymond Limited has announced a board meeting on May 14, 2025, fixing the record date to identify shareholders eligible for equity shares of Raymond Realty Limited post-demerger. The scheme, effective May 1, 2025, completes the separation of the real estate business into a separate listed company. This move aims to unlock shareholder value by allowing independent growth and strategic focus in both textile and realty businesses.