Pledge/Unpledge

J.K.

Investors (Bombay) Limited, a promoter of Raymond, has unpledged a significant block of 24,75,000 shares, representing 3.72% of Raymond's total share capital.

These shares were previously pledged with Aditya Birla Capital Limited as collateral for loans taken by the company or group entities.

Following these transactions, J.K.

Investors (Bombay) Limited now holds 0% of its Raymond shares under pledge.

This move generally signals reduced financial leverage for the promoter.