SECRETARIAL DEPARTMENT Jekegram, Pokhran Road No. I, Thane (W) - 400 606 Maharashtra, India GIN No.: ll 7117MH1925PLC001208 Tel: (91-22) 4036 7000 / 6152 7000 Fax: (91-22) 2541 2805 www.raymond.in

RL/ AC/19-20 /84

December 30, 2019

To The Department of Corporate Services - CRD BSE Limited P.J. Towers, Dalal Street Mumbai - 400 001

Fax No.22722037 / 39 / 41 Scrip Code: 500330

Luxembourg Stock Exchange SOCIETE DE LA BOURSE DE LUXEMBOURG, 35A, Boulevard Joseph II, L-1840 Luxembourg Trading Code: USY721231212

Dear Sir /Madam,

The National Stock Exchange of India Limited Exchange Plaza, 5th Floor Bandra-Kurla Complex Bandra (East), Mumbai - 400 051 Fax No. 66418125/26 Symbol: RAYMOND

Sub: Raymond Limited: Disclosure pursuant to Regulations 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015 ("Listing Regulations")

This is with reference to our letter dated November 28, 2019, enclosing the Postal Ballot Notice ("Notice") dated November 26, 2019, along with Explanatory Statement and the Postal Ballot Form, for seeking approval of the shareholders of the Company for businesses as specified in the Notice.

Item No.

1.

2.

3.

Brief Particulars of the Resolutions

Re-appointment of Shri Ishwar Das Agarwal (DIN: 00293784) as an Independent Director on the Board of Directors of the Company to hold office for a term of 2 (Two) consecutive years from January 01, 2020 to December 31, 2021.

Re-appointment of Shri Pradeep Guba (DIN: 00180427) as an Independent Director on the Board of Directors of the Company to hold office for a term of 2 (Two) consecutive years from January 01, 2020 to December 31, 2021.

Appointment of Shri Ashish Kapadia (DIN: 02011632) as an Independent Director on the Board of Directors of the Company to hold office for a term of 5 (Five) consecutive years from November 26, 2019 to November 25, 2024.

REGISTERED OFFICE Plot No. 156/H No. 2, Village Zadgaon, Ratnagiri- 415 612, Maharashtra Tel: (02352) 232514

Continuation Sheet

In connection with the above, please find enclosed the following: 1. Voting results pursuant to Regulation 44(3) of Listing Regulations; and 2. Scrutinizer's Report on voting through Postal Ballot (including voting by electronic means).

The resolutions as specified in the Notice have been passed by the shareholders of the Company with requisite majority.

The aforesaid Resolutions are deemed to have been passed on the last date of e-voting and receipt of Postal Ballot forms i.e. on December 29, 2019.

The aforesaid voting results along with the Scrutinizer's Report would also be displayed at the Registered Office and Corporate Office of the Company and on the website of the Company viz. www.raymond.in and CDSL viz. www.evotingindia.com.

Please take the above information on record.

Thanking you,

Yours faithfully,

Ft:z~d Thomas~ Director - sJcretarial & Company Secretary .\,, Encl.: a/a

Postal Ballot Voting Results Disclosure Pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Date of Extra-ordinary General Meeting Notice dated: November 26, 2019 Voting Start Date: November 30, 2019 Voting End Date: December 29, 2019

Total Number of Shareholders as on Record Date (November 22, 2019) 1,11,495 Number of Shareholders present in the meeting either in person or through proxy: Promoter and Promoter Group Not Applicable Public Number of shareholders attending the meeting through video conferencing: Promoter and Promoter Group Not Applicable Public

Raymond Limited 1- Approval for Re-appointment of Shri lshwar Das Agarwal (DIN: 00293784) as Independent Director on

Resolution Required : (Special) the Board of Directors of the Company to hold office for a Second term of 2 (Two) consecutive years from January 01, 2020 to December 31, 2021.

Whether promoter/ promoter group are interested in NO

the agenda/resolution?

No. of No. of votes % of Votes Polled

No. of Votes No. of Votes % of Votes in

% of Votes against Mode of on outstanding favour on votes

Category Voting

shares held polled shares

-in favour -Against polled

on votes polled

[1] [2] [3]={[2]/[1]}*100 [4] [SJ [6]={[4]/[2]}*100 [7)={[5)/[2]}*100

E-Voting 26696510 99.2266 26696510 0 100.0000 0.0000

Promoter and Promoter Postal Ballot 26904594

0 0.0000 0 0 0.0000 0.0000 Group

Poll 0 0.0000 0 0 0.0000 0.0000

Total 26696510 99.2266 26696510 0 100.0000 0.0000 E-Voting 8508439 58.7841 8390675 117764 98.6159 1.3841

Public Institutions Postal Ballot

14474041 0 0.0000 0 0 0.0000 0.0000

Poll 0 0.0000 0 0 0.0000 0.0000

Total 8508439 58.7841 8390675 117764 98.6159 1.3841

E-Voting 8917 0.0446 8465 452 94.9310 5.0690

Public Non Institutions Postal Ballot

20002219 15951 0.0797 15578 373 97.6616 2.3384

Poll 0 0.0000 0 0 0.0000 0.0000

Total 24868 0.1243 24043 825 96.6825 3.3175 /

Total 61380854 35229817 57.3954 35111228 118589 99.6634 0.3366

Raymond Limited 2 - Approval for Re-appointment of Shri Pradeep Guha (DIN: 00180427) as an Independent Director on the

Resolution Required : (Special) Board of Directors of the Company to hold office for a Second term of 2 (Two) consecutive years from January 01, 2020 to December 31, 2021.

Whether promoter/ promoter group are Interested in NO

the agenda/resolution?

No.of No. of votes % of Votes Polled

No. of Votes No. of Votes % of Votes in

% of Votes against Mode of on outstanding favour on votes

Category Voting

shares held polled shares

-in favour -Against polled

on votes polled

[1] [2] [3]={[2]/[1]}*100 [4] [5] [6]={[ 4 ]/[2]}* 100 [7]={[5]/[2]}*100 E-Voting 26696510 99.2266 26696510 0 100.0000 0.0000

Promoter and Promoter Postal Ballot 26904594

0 0.0000 0 0 0.0000 0.0000 Group

Poll 0 0.0000 0 0 0.0000 0.0000

Total 26696510 99.2266 26696510 0 100.0000 0.0000 E-Voting 8508439 58.7841 8391820 116619 98.6294 1.3706

Public Institutions Postal Ballot

14474041 0 0.0000 0 0 0.0000 0.0000

Poll 0 0.0000 0 0 0.0000 0.0000

Total 8508439 .

58.7841 8391820 116619 98.6294 1.3706

E-Voting 8917 0.0446 8486 431 95.1665 4.8335

Postal Ballot 15951 0.0797 15658 293 98.1631 1.8369 Public Non Institutions 20002219

Poll 0 0.0000 0 0 0.0000 0.0000

Total 24868 0.1243 24144 724 97.0886 2.9114

Total 61380854 35229817 57.3954 35112474 117343 99.6669 0.3331

Raymond Limited 3 - Approval for appointment of Shri Ashish Kapadia {DIN: 02011632) as an Independent Director on the

Resolution Required : (Ordinary) Board of Directors of the Company to hold office for a term of 5 (Five) consecutive years from November 26, 2019 to November 25, 2024.

Whether promoter/ promoter group are Interested in NO

the agenda/resolution?

No. of No. of votes % of Votes Polled

No. of Votes No. of Votes % of Votes in

% of Votes against Mode of on outstanding favour on votes

Category shares held polled -in favour -Against on votes polled Voting shares polled

[1] [2] [3]={[2]/[1]}* 100 [4] [5] [6]={[4]/[2]}*100 [7)={[5)/[2]}* 100 E-Voting 26696510 99.2266 26696510 0 100.0000 0.0000

Promoter and Promoter Postal Ballot 0 0.0000 0 0 0.0000 0.0000 Group

26904594

Poll 0 0.0000 0 0 0.0000 0.0000

Total 26696510 99.2266 26696510 0 100.0000 0.0000 E-Voting 8508439 58.7841 8508439 0 100.0000 0.0000

Public Institutions Postal Ballot

14474041 0 0.0000 0 0 0.0000 0.0000

Poll 0 0.0000 0 0 0.0000 0.0000

Total 8508439 58.7841 8508439 0 100.0000 0.0000

E-Voting 8917 0.0446 8504 413 95.3684 4.6316

Public Non Institutions Postal Ballot

20002219 15951 0.0797 15578 373 97.6616 2.3384

Poll 0 0.0000 0 0 0.0000 0.0000

Total 24868 0.1243 24082 786 96.8393 3.1607

Total 61380854 35229817 57.3954 35229031 786 99.9978 0.0022

Notes:

1. Voting rights on the Equity Shares transferred to Investor Education and Protection Fund (IEPF) as well as Raymond Ltd. - Unclaimed Suspense

account are currently frozen. (l 2. Number of votes polled [2]does not include votes classified as "Invalid" by the Scrutinizer.~~

To,

DM & ASSOCIATES COMPANY SECRETARIES LLP (LLPIN NO. AAI-4743}

REGD. OFFICE: I 205, NADIADWALA MARKET, PODDAR ROAD, MALAD (EAST), MUMBAI-400097 Tel No. 91671.10063 Email: dmassociatesllp@gntailcon,

The Chairman RAYMOND LIMITED Plot No. 156/H. No. 2, Village Zadgaon, Ratnagiri-415612 Maharashtra

Sub: Scrutinizen Report

Dear Sir,

We were informed that the Board of Directors vide their resolution passed through Circulation on November 26, 2019 appointed our firm as scrutinizers for the resolutions to be passed through Postal Ballot, Notice dated November 26th, 2019. At the outset, we would like to thank you for entrusting us with the task of scrutinizers pursuant to the provisions of section 110 of the Companies Act, 2013 ('the Acti read with the Companies (Management and Administration) Rules, 2014 (including any statutory modification or re-enactment thereof for the time being in force).

(1) We submit our report as under:

1.1 The Company completed the dispatch/ e-mailing of the Postal Ballot Notice and the Postal Ballot Forms on Thursday, November 28, 2019 along-with self-addressed prepaid postage business reply envelopes to its members whose name(s) . appeared on the Register of Members / List of Beneficiaries as on NovembeT22nd, 2019.

1.2 The shareholders of the Company had option to vote on resolutions either through . the postal ballot forms physically or through the remote e-voting facility. Shareholders opting for remote e-voting facility, had cast their votes on the designated website https://www.evotingindia.com of Central Depository Services (India) Limited (CDSL).

1.3 Total No. otvotes based on Paid Up Capital of the Company as on November 22"', 2019 were 6,13,80,854.

1.4 Date of public Announcement with respect to completion of dispatch of Postal ballot Forms in two newspapers was made on November 29, 2019 in Business Standard In. English and The Ratnaglri .Times· In Marathi.

1.5 Particulars of all Postal Ballot Forms received in physical or through e-voting process from the members have been consolidated and entered in a sheet separately maintained for the purpose.

1.6 The Postal Ballot Forms were kept under safe custody with Linkin Time India Private Limited before commencing the scrutiny of such postal ballot forms.

1. 7 The Postal Ballot Forms were duly entered in our presence and scrutinized and the shareholding was matched/ confirmed with the register of members of the company/ list of beneficiaries as on November 22nd, 2019.

1.8 All Postal ballot Forms received either in physical or by casting of votes electronically through CDSL portal up to the close of working hours ( 5:00 P.M.) on December 29th, 2019, being the last date and time fixed by the Company for receipt of the Forms, were considered for our scrutiny.

1.9 Envelopes containing postal ballot forms received after December 29th, 2019 (5:00 P.M.) were not considered for our scrutiny.

Pagelof4

DM & ASSOCIATES COMPANY SECRETARIES LLP (LLPIN NO. AAI-4743}

REGD. omCE: t 205, NADIADWALA MARKET, PODDAR ROAD, MALAD (EASI), MUMBAl-400097 Tel No. 9167110063 Email: dmassociatesllp@gmaiLcom

1.10 We did not find any defaced or mutilated paper.

(2) A surnrnary of the Postal Ballot Forms received / votes casted electronically ls given below:

1. Approval for re-appointment of Shri lshwar Das Agarwal (DIN: 00293784) as Independent Director on the Board of Directors of the Company to hold office for a term of 2 jTwol consecutive years from January 01, 2020 to December 31,2021

SPECIAL RESOLUTOIN:

o postal b t Forms / Electronic Votes received and number of votes held

b) Less: lnvalld1 no. of 16 1023 votes cast

190 35213866 312 35231040

16 1023

d) Total no. of votes 94 15578 35095650 260 35111228 with assent for the Resolution

e) Total no. of votes 12 373 24 118216 with dissent for the Resolution

% of total votes casted in favor of the Resolution: 99.66% % of total votes casted against the Resolution: 0.34%

36 118589

Notes: 1. Out of the above 8 folios holding 510 shares had cast through e-voting as well as through Postal Ballot for which only e-voting was considered 2. Out of the above one shareholder holding 300 shares exercised his voting only for 100 shares

Page 2 of 4

I

DM & ASSOCIATES COMPANY SECRETARIES LLP (LLPIN NO. AAI~4743}

RECD. OFFICE: I 205, NADIADWALA MARKET, PODDAR ROAD, MALAD (EASI), MUMBAl-400097 Tel No. 9167110063 Email: dmassociattsllp@gmailcom

2. Approval for re-appointment of Shri Pradeep Guha (DIN: 00180427} as an Independent Director on the Board of Directors of the Company to hold office for a term of 2 (Two) consecutive years from January 01, 2020 to December 31. 2021.

SPECIAL RESOLUTION

a Total postal ballot 122 17174 190 35213866 312 35231040 Forms / Electronic Votes received and number of votes cast

b) Less: 1Dvalld1 no. of 16 1023 16 1023 votes cast Less: Abstalnedll 1 200 1 200

f~?:· ·- ... :~ ~1,~f~ti :;&~;!9:~Ji . '/1~;

67 1~";~:t~J{!Jt~ d) Total no. of votes 95 15658 264 35112474

with assent for the Resolution

e) Total no. of votes 11 293 21 117050 33 117343 with clluent for the Resolution

% of total votes casted in favor of the Resolution: 99.66 % % of total votes casted against the Resolution: 0~34%

Notes: 1. out of the above 8 folios holding 510 shares had cast through e-voting as well as through Postal Ballot for which only e-voting was considered 2. OUt of the above one shareholder holding 300 shares exercised his voting only for 100 shares

Page3of4

DM & ASSOCIATES COMPANY SECRETARIES LLP (LLPIN NO. AAI-4743)

REGD. OFFICE: # 205, NADIADWALA MARKET, PODDAR ROAD, MALAD (EAST), MUMBAI-400097 Tel No. 91671.10063 Email: dmassocuitesllp@gmaiLcom

3. Approval for appointment of Shrl Ashlsh Kapadia !DIN: 02011632) as an Independent Director on the Board of Directors of the Company to hold office for a term of 5 [Five) consecutive years from November 26, 2019 to November 25. 2024.

ORDINARY RESOLUTION:

; \'.';:;:~:-~~- J:~r .. -;,,B .. Ph~~ic&1;·:?,T \:i';':,.~ec~~ruc .. __ ._ .. ·_ J:, )!; ~ '""' 'i; ·· FoUos, ,JTo(ea \ i!:l'olioa Votes 'i< a) Total postal ballot 122 17174 190 35213866

Forms / Electronic Votes received and number of votes cast

b) Less: Invalld1 no. of votes cast

16 1023

Less: Abstained:& 1 200

- ,.:11 ·-• ·· •· Jtr,otiJ.tr "!lif r FoUQ.;; 1N'.oti■ .Jst1 1

312 35231040

16 1023

1 200

d) Total no. of votes 94 15578 176 35213453 260 35229031 with assent for the Resolution

e) Total no. of votes with dJssent for the Resolution

12 373 14 413

% of total votes casted in favor of the Resolution: 99.99% % of total votes casted against the Resolution: o.o 1 %

26 786

Notes: 1. Out of the above 8 folios holding 510 shares had cast through e-voting as well as through Postal Ballot for which only e-voting was considered 2. Out of the above one shareholder holding 300 shares exercised his voting only for 100 shares

{3) We have handed over the Postal Ballot Forms and other related papers/registers and records for safe custody to the Company Secretary/ Director authorized by the Board to supervise the postal ballot process.

{4) You may accordingly declare -the results of the· voting by postal ballot.

For DM & Associates Company Secretaries LLP Company Secretaries

ICSIUDlqr:L201'71W1003SOO

Dme~eora Partner FCSNO: 5683 COP NO: 4119

UDllf:F005683A000529756 Place: Mumbai Date: December 30, 2019

Page 4 of 4

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