Raymond Realty Shareholders Approve 7th AGM Resolutions — Borrowing Limit Hike and Director Re-appointment Cleared

Shareholders Approve AGM Resolutions

Shareholders of Raymond Realty formally approved key resolutions during the company's 7th Annual General Meeting held on July 14, 2026, including raising borrowing limits and the re-appointment of Shri Gautam Hari Singhania as Director.

Borrowing Limits Increased to ₹2,500 Crores

The company's shareholders approved 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. This expansion provides greater financial flexibility as the developer pursues its joint-development agreement strategy and expands its portfolio across Mumbai and the Maharashtra Metropolitan Region.

Dividend and Financial Performance

A final dividend of ₹2 per equity share (20% on face value of ₹10) for FY2025-26 was approved, subject to shareholder approval at the meeting. The dividend underscores the company's strong operational performance in its first full year as an independent listed entity.

Raymond Realty's Q1 FY27 provisional pre-sales surged 129% year-over-year to ₹700 crore, up from ₹306 crore in Q1 FY26, with cash collections also witnessing 47% year-over-year growth to ₹550 crore. These figures reflect robust demand across the company's luxury residential portfolio in central and suburban Mumbai.

Portfolio Expansion and Strategic Direction

With its real estate portfolio expanding to ₹52,000 crore in gross development value, the company is firmly established as a dominant force in Mumbai's luxury housing market. Raymond Realty, launched in 2019, became one of the five largest developers in the Mumbai Metropolitan Region by FY 2024-25 revenue.

Other resolutions considered at the AGM included adoption of audited standalone and consolidated financial statements for FY2025-26, ratification of remuneration for cost auditors, appointment of secretarial auditors for a five-year term, and approval of non-executive director commission not exceeding 1% of annual net profits for three financial years commencing April 1, 2025.

Company Heritage and Market Position

On April 1, 2025, the appointed date of the demerger, the real estate business of Raymond Limited was carved out into a separate entity, and on July 1, 2025, shares were admitted to trading on both the BSE and the National Stock Exchange of India. Under the leadership of Gautam Hari Singhania, the Raymond Group underwent a strategic restructuring involving demergers to create three distinct listed companies: Raymond Ltd (engineering), Raymond Lifestyle, and Raymond Realty, with the real estate vertical approved by the NCLT and listed in July 2025.