Raymond Limited (RL) announced that its Board of Directors, in a meeting held on January 27, 2026, has approved the Scheme of Amalgamation of its wholly owned subsidiary, Everblue Apparel Limited (EBAL), with Raymond Limited. The amalgamation, which is subject to requisite approvals from the National Company Law Tribunal (NCLT) and shareholders/creditors of RL, aims to simplify the group structure and create operational efficiencies. EBAL, incorporated in March 2000, is engaged in converting denim fabrics into readymade garments. As of December 31, 2025, EBAL had a paid-up capital of ₹1,150 lakhs, net worth of ₹376 lakhs, and a turnover of ₹10,858 lakhs. Raymond Limited, incorporated in September 1925, had a paid-up capital of ₹6,657 lakhs, net worth of ₹1,86,146 lakhs, and a turnover of ₹289 lakhs as of the same date. Since EBAL is a wholly owned subsidiary, no new shares will be issued or payment made by RL to EBAL's shareholders upon the scheme's effectiveness, and there will be no change in RL's shareholding pattern. The rationale behind the merger includes simplifying the group structure, optimizing resource utilization, leveraging pooled resources, achieving operational and financial synergies, and reducing administrative costs and duplication. The Board meeting commenced at 11:30 a.m. and concluded at 12:20 p.m.
