Raymond Realty 7th AGM to Seek Shareholder Approval for Borrowing Limit Hike to ₹2,500 Crore and Appointment of Price Waterhouse as Statutory Auditor

Expanded Financial Authority Sought at Raymond Realty 7th AGM

Raymond Realty has scheduled its 7th Annual General Meeting for July 14, 2026, where key resolutions including borrowing limit increases to ₹2,500 Crore will be considered. The 7th AGM will also consider re-appointment of Mr. Gautam Hari Singhania as a Non-Executive Non-Independent Director retiring by rotation.

The meeting represents a significant milestone for the Mumbai-based developer as it seeks enhanced financial flexibility to support an expanding project portfolio. Total outstanding borrowings as of June 30, 2026, stood at Rs 1,097 crore (compared to Rs 380 crore as on June 30, 2025), reflecting peak-cycle construction drawdowns for the 7 projects launched in FY26. The proposed increase to ₹2,500 crore in borrowing capacity signals management's confidence in capital deployment needs across multiple phases of residential and commercial development.

With Rs10,000 crore GDV launched from a planned GDV of Rs32,000 crore, the company is well-positioned for future growth. The real estate business is projected to double its topline to ₹4,000 crore (about 15% CAGR) over the next five years.

Price Waterhouse Appointed as Statutory Auditor

The AGM will consider the appointment of Uma Lodha & Co. as Secretarial Auditors for a term of five years commencing FY2026-27, and special resolutions to increase borrowing limits and creation of securities limits to ₹2,500 Crores each under Sections 180(1)(c) and 180(1)(a) of the Companies Act, 2013.

Additionally, Price Waterhouse Chartered Accountants LLP, a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India, holds a valid peer review certificate and audits various companies listed on stock exchanges in India. The appointment brings institutional-grade audit oversight to the listed entity.

Shareholder Engagement and Voting Timeline

The seventh Annual General Meeting is scheduled for July 14, 2026, at 5:00 p.m. IST, to be conducted exclusively via video conferencing and other audio-visual means in line with applicable provisions of the Companies Act and SEBI listing regulations.

Remote e-voting commences on Friday, July 10, 2026, at 9:00 A.M. and concludes on Monday, July 13, 2026, at 5:00 P.M., with a cut-off date of Tuesday, July 7, 2026. A final dividend of ₹2 per equity share (20% on face value of ₹10) for FY2025-26 is recommended, subject to shareholder approval at the 7th Annual General Meeting.

Financial Performance and Capital Efficiency

Raymond Realty Limited reported a 129% year-over-year increase in pre-sales to ₹700 Cr for Q1 FY27, driven by strong demand in the Mumbai Metropolitan Region without new project launches. Collections rose 47% to ₹550 Cr compared to ₹374 Cr in Q1 FY26, underscoring robust liquidity generation from operational activities.

The borrowing increase reflects strategic capital management amid accelerated execution. The company highlighted that its net debt/equity ratio remains comfortably below its strict 1.0x internal ceiling. The company reaffirmed its EBITDA margin guidance of 17% - 19% for FY27.

Raymond Realty's Market Position

Raymond Realty launched in 2019 and, in a short duration, became one of the five largest developers in the Mumbai Metropolitan Region (MMR) by FY 2024-25 revenue. With a 25 per cent market share in Thane, Raymond Realty is capitalising on strong demand in the Mumbai market, which is expected to persist for the next decade.

Between FY20 and FY25, it achieved a 45 per cent compounded annual growth rate (CAGR) in bookings, 55 per cent in collections, 67 per cent in revenue, and a staggering 101 per cent in operating profit (EBITDA). Raymond handing over homes up to 2 years ahead of RERA timelines, setting a new benchmark for execution.

AGM Documentation and Accessibility

The company has published statutory newspaper notices in English and Marathi and will circulate the AGM notice and annual report for FY 2025-26 electronically to shareholders with registered email addresses, while making the materials available on its website and the stock exchanges.