| Raymond Limited''s Scheme of Arrangement involving Demerger.
Please find enclosed intimation under Regulation 30 of SEBI Listing Regulations
(As per BSE Announcement Dated on 21/11/2024)
Please find enclosed intimation under Regulation 30 of SEBI Listing Regulations
The resolutions passed by the Board of Directors of the Applicant Companies in their respective meetings conducted on 4 July 2024 approved the Scheme. The Appointed Date fixed under the Scheme is 1 April 2025
(As per BSE Announcement Dated on 19/12/2024)
Please find attached intimation under Regulation 30 of Listing Regulations.
(As Per BSE Announcement Dated on: 19/02/2025)
Please find attached intimation under regulation 30 of Listing Regulations.
(As per BSE Announcement Dated on 25/02/2025)
Please find attached intimation under Regulation 30 of Listing Regulations regarding update on Scheme of Arrangement.
(As Per BSE Announcement Dated on: 27/03/2025)
Dear Sir/ Madam,
Further to our intimation dated March 27, 2025, and with reference to the captioned subject, please note that the Company has received the certified copy of the order issued by Hon'ble National Company Law Tribunal, Mumbai bench ('NCLT') sanctioning the Scheme on April 8, 2025.
The Scheme will be made effective by filing certified copy of the order of the NCLT through e-form INC-28 with the Registrar of Companies, Mumbai and Pune.
The Company will intimate the stock exchanges once the record date is fixed for the Scheme.
Kindly take the above disclosure on record.
Thanking you.
(As Per Bse Announcement Dated on 08.04.2025)
Please find enclosed intimation under Regulation 30 of SEBI Listing Regulations
(As Per Bse Announcement Dated on 01.05.2025)
Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement (for Demerger) as approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, RAYMOND LIMITED has fixed Record Date for the purpose of Demerger and for determining the entitlement of the shareholders of the Company, as per details given below: -
COMPANY NAME CODE
RAYMOND LIMITED
(500330)
RECORD DATE
14.05.2025
PURPOSE
As per Scheme of Arrangement (for Demerger) as approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, between, RAYMOND LIMITED (the Demerged Company) and RAYMOND REALTY LIMITED. (the Resulting Company) and their Respective Shareholders and Creditors;
The Scheme provides for Demerger of the Real Estate Business Undertaking of RAYMOND LIMITED (Demerged Company) INTO RAYMOND REALTY LIMITED. (the Resulting Company);
Upon the Scheme becoming effective and In consideration of the Demerger as stated above, RAYMOND REALTY LIMITED, shall issue and allot Equity Shares to the shareholders of RAYMOND LIMITED in the following proportion:-
1 (One) Equity Share of Raymond Realty Limited of the Face Value of Rs.10/- each Fully Paid-Up to be issued and allotted for every 1 (One) Equity Share held of Raymond Limited of the Face Value of Rs.10/- each Fully Paid-Up.
EX-ENTITLEMENT FROM DATE & SETT. NO.
14/05/2025 DR-629/2025-2026
Note:
(1) Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated November 2, 2010, Trading members are hereby informed that the Trading in the Equity Shares of the Raymond Limited shall be transferred from A' Group to T' Group w.e.f. 14th May 2025, and
(2) Pursuant to SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012, Raymond Limited shall be a part of Call Auction in Pre-open Session (Special Pre- open Session (SPOS)) on 14th May, 2025. For further information on SPOS, the trading members are requested to refer to the Exchanges notice no. 20120216-29 dated February 16, 2012 on Enabling Special Pre-open Session.
Subject to compliance with requisite formalities, the Equity Shares of the Resulting Company i.e. RAYMOND REALTY LIMITED respectively, will be listed on BSE Limited.
(As Per BSE Notice Dated on 09.05.2025)
Please find enclosed intimation under Regulation 30 of SEBI Listing Regulations
Name of Company
1. Raymond Limited
2. Raymond Realty Limited
% of Cost of Acquisition of Equity Shares
1. 60.92%
2. 39.08%
((As Per BSE Announcement Dated on 13.05.2025) | | Powered by Capital Market - Live News |
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