This is to inform that the Board of Directors of Raymond Limited ('the Company') at its Meeting held today i.e., September 27, 2021 has inter-alia approved the Scheme of Arrangement between the Company and Raymond Apparel Limited ('RAL'), a wholly-owned subsidiary of the Company pursuant to Sections 230-232 and other relevant provisions of the Companies Act, 2013 and the Rules made thereunder providing for demerger of the business undertaking of RAL comprising of B2C business including Apparel business (as defined in the Scheme) into the Company on a going concern basis. Notice of the Meeting of the Equity Shareholders of Raymond Limited convened pursuant to the directions of the Honorable National Company Law Tribunal, Mumbai Bench in the matter of Scheme of Arrangement between Raymond Apparel Limited and Raymond Limited and their respective Shareholders (As Per BSE Announcement Dated on 24.11.2021) A meeting of the Secured Creditors (the Meeting) of Raymond Limited (the Company) convened pursuant to the order dated November 11, 2021 in Company Scheme Application No. 220 of 2021 of the National Company Law Tribunal, Mumbai Bench (the NCLT) was held on Thursday, December 30, 2021 at 11:00 a.m (IST) at Old RAL Building, Ground Floor, Jekegram, Pokhran Road No. 1, Thane - 400606. Please find enclosed summary of proceedings and voting results of the NCLT convened meeting of the Secured Creditors of the Company (As per BSE Announcement Dated on 30/12/2021)