Raymond launches postal ballot to seek shareholder approval for name change
Raymond has launched a postal ballot to seek member approval for renaming the listed entity as Raymond Aerospace, Defence & Engineering Limited.
Key terms
- Action
- Other
- Terms
- change of name of the Company
- Cut-off date for voting eligibility is Friday, October 23, 2026.
- Remote e-voting window: November 1, 2026 to November 30, 2026.
Raymond Limited has initiated a postal ballot process to seek shareholder approval for changing its corporate name and making related amendments to its charter documents.
According to the intimation letter dated October 30, 2026 and the enclosed Postal Ballot Notice dated October 24, 2026, the company is proposing to change its name from “Raymond Limited” to “Raymond Aerospace, Defence & Engineering Limited”, along with consequential alterations to its Memorandum of Association and Articles of Association.
This is a governance and identity-related corporate action. It does not involve a buyback, bonus issue, dividend, rights issue or stock split, and the filing does not specify any record date for such actions.
Key terms
- Proposed new name: “Raymond Aerospace, Defence & Engineering Limited” (Special Resolution under Item No. 1 of the Postal Ballot Notice)
- Existing name: “Raymond Limited”
- Type of resolution: Special Resolution to approve change of name and consequent alteration in the Memorandum of Association and Articles of Association (Postal Ballot Notice, “Special Business” section)
- Cut-off date for voting eligibility: Friday, October 23, 2026 (Notes 2 and 5 of the Postal Ballot Notice)
- Remote e-voting start: Sunday, November 1, 2026 at 9:00 a.m. (IST) (voting table on page 1 of the Postal Ballot Notice)
- Remote e-voting end: Monday, November 30, 2026 at 5:00 p.m. (IST) (voting table on page 1 and Notes 4 and 6)
- Deemed date of passing, if approved: The last date of e-voting, i.e. Monday, November 30, 2026 at 5:00 p.m. (IST) (Postal Ballot Notice, page 2 and Note 4)
- Scrutinizer: Mr. Dinesh Deora (Membership No. F5683, COP No.:4119), or in his absence Mr. T. Kaushik (Membership No. F10607, COP No.16207), Partners at DM & Associates Company Secretaries LLP (Postal Ballot Notice, page 1 and Note 8)
Who is eligible to vote
The company states in Note 5 of the Postal Ballot Notice that Members whose names appear in the Register of Members / List of Beneficial Owners as on Friday, October 23, 2026, being the cut-off date, are entitled to vote on the resolution through remote e-voting only. Voting rights will be in proportion to each member’s share in the paid-up equity share capital of the company as on that cut-off date.
The Notice clarifies that physical copies of the postal ballot form are not being sent. Instead, in line with the relevant Ministry of Corporate Affairs circulars, the Notice is being sent only by electronic mode to members whose e-mail addresses are registered with the company, depositories or the registrar and transfer agent as on the cut-off date (Notes 2 and 3).
How and when results will be announced
The Scrutinizer will submit his report to the Chairman or any person authorised by the Chairman after completion of scrutiny of the votes cast through remote e-voting. As stated in the intimation letter and reiterated in the Postal Ballot Notice, the results of the Postal Ballot will be declared within two (2) working days of the conclusion of the Postal Ballot and will be:
- intimated to BSE Limited and National Stock Exchange of India Limited, and
- uploaded on the company’s website www.raymond.in and on NSDL’s website www.evoting.nsdl.com.
Company’s stated rationale for the name change
The Explanatory Statement under Section 102 (Item No. 1) explains that, following the demerger of Lifestyle and Real Estate businesses into Raymond Lifestyle Limited and Raymond Realty Limited, respectively, Raymond Limited has transitioned into a dedicated platform focused on Automotive & Precision Engineering and Aerospace & Defence.
It states that the standalone name “Raymond” is historically associated with textiles and apparel and “no longer reflects the Company’s post-restructuring business reality and operational focus.” The proposed name “Raymond Aerospace, Defence & Engineering Limited” is described as aligning the company’s corporate identity with its “current economic substance and long-term strategy.”
Annexure A, a note from Group CFO Rakesh Tiwary, further elaborates that the change “is not a cosmetic rebranding exercise” but “one of the steps in completion of Raymond’s transformation from its historical identity into a focused engineering, aerospace and defence platform.”
The Explanatory Statement also notes that:
- the company has received a name availability letter dated October 22, 2026 from the Registrar of Companies, Central Registration Centre, confirming availability and reservation of the proposed name; and
- there is no proposal to change the objects of the Company pursuant to the change in name, and the change would not affect the legal status, constitution, turnover, operations, activities, or existing rights and obligations of the company and its stakeholders.
The Board has recommended the Special Resolution for shareholder approval via postal ballot and remote e-voting only.
Track Raymond Ltd
Cruxal reads every Raymond Ltd filing as it lands, scores what it means for the stock, and emails you the ones that matter. Free to start.
Get every filing that moves a stock
One email before the open, with the day's filings that actually shifted a price — the number, the source document and what the market did with it. Free, and you can unsubscribe from any issue.
Cruxal publishes market coverage for information only. Nothing here is investment advice.
