Raymond Limited — JV/Acquisition, 27-01-2026: Amalgamation/Merger

Raymond Limited (RL) is merging its wholly-owned subsidiary, Everblue Apparel Limited (EBAL), aiming to simplify its group structure and boost operational efficiency. EBAL, with a turnover of 108.58 Cr and net worth of 3.76 Cr, specializes in denim garment conversion. RL, with a net worth of 1861.46 Cr, anticipates greater management focus, resource optimization, and cost reduction. Since EBAL is a wholly-owned subsidiary, no new shares will be issued by RL, ensuring no change in its shareholding pattern or shareholder dilution. This strategic move is poised to streamline operations and create synergies for RL investors, pending necessary approvals.