Raymond Ltd.

1925
 
 - The Company was incorporated on 10th September, 1925 at Mumbai. 
 It
 manufactures woollen and worsted and hosiery yarns, knitting wool,
 engineers' steel files and cement.
 
 - 30,000 shares issued to the Managing Agents for consideration
 other
 than cash.  200 shares allotted to the Directors and 19,800 shares
 to
 their friends for cash.
 
 1950
 
 - A factory was set up at Thane for manufacturing engineers' steel
 files.
 
 1965
 
 - A new factory building was constructed and complete plant and
 machinery with the exception of wool washing and backwashing
 machinery
 were received and erected.
 
 1966
 
 - The Balance machinery and high temperature wool top dyeing machine
 were installed.
 
 1967
 
 - The Raymond Woollen Mills Ltd., was registered in Kenya for
 manufacturing knitting yarns and price goods of wool and wool mixed
 with synthetic fibres, and woollen and worsted fabrics.
 
 - The Raymond Woollen Mills (Kenya) Ltd., became a subsidiary of the
 Company.  The Company's holding in this subsidiary at the end of
 March
 1996 stood at 5,40,000 of K. Shs. 200 each out of 7,55,625 shares of
 K.
 Shs. 200 each.
 
 1968
 
 - J.K. (England), Ltd., a wholly owned subsidiary of the Company
 were
 appointed to act as selling agents for woollen goods in U.K., with
 effect from 1st January.
 
 1970
 
 - The Company undertook a scheme of research and development for
 sheep
 breeding and wool production in India with a view to produce
 indigenously Merino type wool.
 
 1973
 
 - 5,04,000 Bonus equity shares issued in prop. 1:3.
 
 1978
 
 - The Company undertook to set up a new woollen mill unit in Jalgaon
 in
 Maharashtra.
 
 - 20,16,000 Bonus equity shares issued in prop. 1:1.
 
 1980
 
 - The Company offered to the public 1,20,000-12% (taxable) secured
 debentures of Rs 400 each for cash at par.
 
 1981
 
 - The Company offered during September, 6,00,000 No. of equity
 shares
 of Rs 10 each at a premium of Rs 10 per share for cash (Prop. 5 No.
 of
 equity: 1 Debenture).  27,29,200 bonus equity shares issued in prop.
 3:5.  25,000 - 5% Pref. shares cancelled.  25,000 - 5% pref. shares
 issued.
 
 1982
 
 - The Company decided to set up a modern Wool Combing Division in
 collaboration with Sir James Mill & Sons Ltd., Bradford, U.K.
 
 - The Dhule farm experienced a strike which culminated in violence
 and
 theft.  The Company, therefore, decided to discontinue the sheep
 development project to avoid further loss of life and property.
 
 - The Company subsequently entered into an agreement with the
 Maharashtra Sheep Development Corporation Ltd., under which the
 Company's entire flock of sheep was handed over to them.
 
 - 14,25,600 No. of equity shares issued at a prem. of Rs 2.50 per
 share
 to financial institutions upon conversion of loans/debentures.
 
 1984
 
 - During September, the Company issued 4,80,000 - 13.5% secured
 convertible debentures of Rs 475 each to provide a part of the
 finance
 required for the expansion of the Company's cement plant.  Of these
 1,32,000 debentures were reserved for preferential allotment to
 non-residents, 1,20,000 to the equity shareholders and 33,000 for
 allotment to the Company's employees and business associates.  The
 balance 1,95,000 debentures were offered to the public.
 
 - Each debenture holder has the right to receive 5 No. of equity
 shares
 of Rs 10 each at a premium of Rs 5 per share on 1st April, 1985
 without
 any further notice.  The non-convertible portion of Rs 400 per
 debenture is redeemable at par in three annual installments of Rs
 133,
 Rs 133, Rs 134 in the 8th, 9th and 10th year respectively.
 
 1985
 
 - 24,00,000 No. of equity shares of Rs 10 each issued (prem. Rs 5
 per
 share) upon conversion of 13.5% convertible debentures in April
 1985.
 25,000 - 6.5% Pref. shares redeemed on 30.6.1985.
 
 1986
 
 - The Company received a letter of intent for the manufacture of
 High
 carbon/alloy steel profile sections, High speed steel twist drills,
 tool bits, blanks, etc., Engineers steel files and rasps in the
 backward district of Ratnagiri in Maharashtra.
 
 - The Company received a letter of intent for the manufacture of
 15,000
 tonnes per annum of polyester filament yarn (PFY).  This project was
 proposed to be set up in Allahabad district of U.P.
 
 - The Company offered 8,00,000 - 15% secured redeemable
 non-convertible
 debentures of Rs 100 each as rights to resident Indian equity and
 preference shareholders in the ratio 1 Deb. : 16 No. of equity
 shares
 held and 5 debentures: 8 preference shares held.  Additional
 debentures
 for Rs 250 lakhs were allotted to retain excess subscription.  These
 debentures will be redeemed at a premium of 5% on the expiry of 7
 years
 from the date of allotment.
 
 1987
 
 - A memorandum of understanding was signed with Toray Industries of
 Japan.
 
 - Another letter of intent was received for the manufacture of
 textiles
 made wholly or partly out of synthetic fibre/yarns by installation
 of
 50,000 spindles and 1,500 looms.  This project was proposed to be
 set
 up in the backward district of Balaghat in M.P.
 
 - The Company issued and allotted 10,00,000 (series IV) 14%
 non-convertible debentures of Rs 100 each aggregating Rs 100 lakhs
 on
 rights basis.  These debentures are redeemable on 1st January, 1998
 at
 a premium of 5% on the face value of the debentures.
 
 - The Company privately placed with U.T.I., 2,50,000-14%
 non-convertible debentures of Rs 100 each aggregating Rs 250 lakhs.
 These debentures are redeemable at a premium of 5% of the face
 value,
 on 25th January, 1995.
 
 - 1,12,36,800 bonus equity shares issued in prop. 1:1.
 
 1988
 
 - As a part of expansion of its weaving capacity, 5 new looms were
 installed on 31st March.  23 new looms were installed and combing
 capacity was expanded.  The Ring frames in the spinning department
 were
 replaced.
 
 - The letter of intent for manufacture of 15,000 tonnes per annum of
 PFY was transferred in the name of `Raymonds Synthetics, Ltd.', a
 subsidiary Company promoted to implement the project.
 
 1989
 
 - A project to expand the capacity of the cement plant from 12 lakh
 tonnes to 18 lakh tonnes per annum was being undertaken.
 
 - The Company issued 4,00,000-14% secured non-convertible debentures
 of
 Rs 100 each on to financial institutions on private placement basis.
 These debentures were to be redeemed on 12th June, 1996 at a premium
 of
 Rs 5 per debenture.
  
 - During October, the Company offered 89,89,440 - 12.5% convertible
 debentures of Rs 75 each to the then existing shareholders in the
 ratio
 of two debentures for every five equity shares held.
  
 - Another 4,49,472 debentures were offered to employees, Indian
 working
 directors and workers of the Company on an equitable basis.
 
 - The Company retained 16,19,435 debentures to meet
 oversubscription.
 As per the terms of issue, Rs 45 of each debenture will be converted
 into one equity share of Rs 10 each at a premium of Rs 35 per share
 on
 1st July, 1990.  Accordingly, 106,08,875 shares were allotted.  The
 remaining portion of Rs 30 of each debenture will be redeemed at par
 in
 three equal installments of Rs 10 each on the expiry of 7th, 8th and
 9th year from the date of of allotment of the debentures.  The first
 instalments of Rs 10 per debenture was redeemed during 1996-97.
 
 1990
 
 - A new plant for the manufacture of files and twist drills was
 being
 set up at Pithampur, near Indore in Madhya Pradesh.
 
 - It was decided to expand the installed capacity further from 18
 lakh
 tonnes to 22 lakh tonnes per annum by mid 1993.
  
 - The Company had applied for a licence to produce 75,000 tonnes per
 annum of purified terepthalic acid.
 
 1993
 
 - The Company proposed to manufacture cold rolled steel
 strips/sheets
 and silicon steel sheets with an installed capacity of 1,50,000 MTA
 in
 technical collaboration with Allegheny Ludlum Corporation,
 Pittsburg,
 USA at Wadivarhe, Nasik.  The plant was commissioned in September
 1995.
 
 - The Company issued 90,63,577-16% (Taxable) Secured Redeemable
 non-Convertible debentures of Rs 100 each with detachable warrants
 by
 way of rights to the existing shareholders and employees.  The
 holders
 of the equity warrants have a right to apply and be allotted one
 equity
 share of Rs 10 each upon payment of Rs 150 (Premium Rs 140).
 
 - During September, the Company issued US $63 million comprising of
 39,57,286 GDRs equal to 79,14,572 No. of equity shares at a price of
 US
 $ 15.92 per GDR.
 
 1994
 
 - The name of the Company was changed from Raymond Woollen Mills
 Ltd.
 to Raymond Limited.
 
 1995
 
 - A new brand of cement `Dura-Guard' a high degree of durability was
 introduced.
 
 - The Company promoted joint venture Company viz. Raymond Calitri
 Denim
 Ltd. with Calitri Denim Industries SPA, Italy to produce high
 quality
 ring denim fabrics.
 
 1996
 
 - The overall working was adversely affected by various factors such
 as
 strike at its major textile plant at Chhindwara, slackness in demand
 and consequently lower prices for most of the products, continuous
 escalation in costs and credit stringency coupled with high interest
 costs.
 
 1997
 
 - The strike at the major textile plant at Chandwara was resolved in
 the first week of April, and normal working was restored.
 
 - Due to fall in output of electrical equipment, demand for silicon
 steel continued to be sluggish throughout the year.  The Company
 entered into a basic understanding with EBG Gesellschaft (belonging
 to
 Thyssen steel group of Germany) for transfer of steel division into
 a
 joint venture subject to necessary approvals.
 
 1998
 
 - J.K. (Mumbai), Ltd., is a wholly owned subsidiary of the Company.
 All the 2 lakh equity shares of Rs 100 each issued by this
 subsidiary
 are held by the Company as on 31st March.
 
 - Jaykayorg A.G., Switzerland with an issued and paid-up capital of
 500
 shares of Swiss Francs 100 each is a wholly owned subsidiary of the
 Company.
 
 - As on 31st March, the Company held 2,39,930 No. of equity shares
 of
 Rs 10 each respectively out of 2,40,000 No.of equity shares issued
 by
 Pashmina Holdings, Ltd.
 
 - From January, J.K. Chemicals Ltd. became a subsidiary of the
 Company.
 As on 31st March, the Company held 34,89,878 No. of equity shares of
 Rs
 100 each out of 58,22,200 No. of equity shares issued by the
 subsidiary.
 
 - As on 31st March, the Company and its nominees held all the
 9,80,000
 No. of equity shares of Rs 10 each issued by J.K. Helene Curties
 Ltd.
 
 - As on 31st March, the Company and its nominees held 5,40,000 No. 
 of
 equity shares of K.Shs 200 each in the subsidiary.
 
 - The steel division was set up and the first phase was commissioned
 during 1995.  The company had tied up with Allegheny Ludlum of US,
 the
 leader in speciality steel for a technology collaboration.
 
 - Raymond and EBG signed a memorandum of understanding on April 5,
 to
 form a joint venture.
 
 - The ratings assigned to the non-convertible debentures (NCD)
 issues
 of Raymond Ltd and Raymond Synthetics Ltd have been downgraded to
 AA-
 and AA-(SO) from AA and AA (SO), respectively by the Credit Rating
 and
 Information Services of India Ltd (Crisil).
 
 1999
 
 - EBG Gesellschaft, a 100 percent subsidiary owned by the Thyssen
 group, was to form a 76:24 joint venture with the steel division of
 Raymond to form a new company named EBG India Ltd.
   
 - The `FAA' rating assigned to the fixed deposit programme of
 Raymond
 has also been placed under watch with developing implications.
 
 - The steel division, for which Raymond had a technical
 collaboration
 with US-based Alleghany Ludlum Corporation, has an installed
 capacity
 of 45,000 silicon steel and one lakh tonne of cold rolled cold
 annealed, which is likely to be expanded by another one lakh tonne.
  
 2000
 
 - Raymond Ltd. launched `Manzoni', a premium brand of formal shirts
 and
 ties.
 
 - The Company has entered into a relationship with Morarjee
 Brembana,
 the manufacturer, which will ensure that the most contemporary
 products
 are introduced in the country.
 
 - CARE has reaffirmed the PR1+ rating to the company's commercial
 paper
 programme of Rs 1 billion.
  
 - The Company has entered into a Memorandum of Agreement dated April
 27, for the divestment of its Cement Division as a going concern to
 M/s. Lafarge India Ltd.
 
 - The Raymonds board approved the appointment of Mr Gautam Singhania
 as
 the new chairman and managing director of the Raymond Group.
 
 - Raymond has sold its steel unit for Rs 412.26 crore to EBG Germany,
 a
 subsidiary of ThyssenKrupp Stahl, the German steel gian.
  
 - The company accordingly signed the Agreement to Sell Undertaking
 with
 EBG India Pvt. Ltd., and has received a sum of Rs. 386.86 crores in
 cash and has allotted 2,54,00,000 No. of equity shares of Rs. 10/-
 each
 
 aggregating Rs. 25.40 crores in the share capital of EBG India Pvt.
 Ltd.
 
 - The Vijaypat Singhania group flagship Raymond Ltd, as part of its
 ongoing restructuring exercise, amalgamate its wholly owned
 subsidiary
 Raymond Calitri Denim, which streered the group's foray into denim
 wear.
 
 - Crisil has upgraded and removed from rating watch the AA-rating
 assigned to a Rs 90.5 crore non-convertible debenture programme of
 the
 company to AA+.
 
 - Million Air, The aviation division of Raymonds Limited, has tied
 up
 with Indiainfo.com India's premier portal, to promote the sales of
 its
 helicopter joy-rides' gift vouchers on Indiainfo's `Shopping Mall'.
 
 - The Company has divested its Steel Division to EBG India Pvt. Ltd.,
 a
 joint venture company in which the company holds 24% Equity Stake,
 vide
 the 'Agreement to Sell an Undertaking on Slump Sales Basis'.
 
 2001
 
 - The Company has acquired the files division of the A.V. Birla
 group
 company, HGI Industries.  The two companies have signed a memorandum
 of
 understanding for the transfer of HGI's plant in Kolkata to Raymond
 for
 a consideration of Rs 17.5 crore.
 
 - Raymond Ltd will commence a buy-back offer of its shares at a
 maximum
 price of Rs 160 rupees from 7th March.
 
 - J K Ansell, the 50:50 joint venture between the Vijaypat Singhania
 group company Raymond and Australia-based Ansell International, is
 expanding its business portfolio.
 
 2002
 
 -Raymond Ltd has selected Leo Burnett, RK Swamy BBDO and Contract
 Advertising 
 for its Rs.45cr Advertising account.
 
 -Raymong informed BSE that the Steel Files Division of HGI Industries
 Ltd. located
 at Kolkota, West Bengal has been acquired by Hindustan Files Ltd.
 
 -Raymond Ltd has executed the Memorandum of Understanding with Color
 Plus Fashions
 Private Ltd.to acquire the entire share holding of Color Plus in a
 phased manner and 
 subject to due deligence and obtaining necessary approvals.
 
 2003
 
 -Raymond Ltd has raised up Rs.25cr through its secured
 non-convertible debenture
 issue through book building route with a greenshoe option of the same
 amount.
 
 -Crisil has assigned AA+ rating to the debenture issue of Raymond
 Ltd.
 
 -Raymong Ltd has set to manufacture suit lengths in the Super 200's
 wool category
 which will be only one of three companies to manufacture this kind of
 suits.
 
 -Shri R Narayanan  has been nominated as GM -Legal and Company
 Secretary
 and Compliance Officer by the Raymong Ltd.
 
 
 
 
 2003
 
 -Raymond Ltd. has informed that the Board of Directors of the Company
 at their meeting held on May 13, 2003 had nominated Shri R Narayanan,
 General Manager - Legal & Company Secretary as Compliance Officer.
 
 - Shri Akshay Singhania has ceased to be a Director of the Company
 
 2004
 
 -Raymonds sets up apparel subsidiary to cater to export mart
 
 2005
 
 -Raymond signs JV agreement with Lanificio Fedora, Italy on June 20,
 2005
 
 -Raymond signs JV agreement with MOB Outillage, France
 
 2006
 
 -Raymond launches Chairman's Collection in South Indian mkt
 
 0Raymond Ltd has informed that a 50:50 Joint Venture (JV) Agreement
 has been signed on November 10, 2006 between the Company and Grotto
 S.p.A., of Italy (the owner of the international brand 'Gas') for
 sale in India of casual apparel and accessories bearing the trademark
 'Gas'.
 
 2008
 
 - Raymond ltd has appointed Shri Thomas Fernandes, as the Company
 Secretary & Compliance Officer of the Company with effect from
 November 1, 2008 in place of Shri R. Narayanan who has retired from
 the Company with effect from October 31, 2008.
 
 2009
 
 - Raymond Ltd has appointed Shri H. Sunder as President - Finance &
 Chief Financial Officer of the Company with effect from December 16,
 2009.
 
 2010
 
 -  Raymonds Buys Finest Australian Wool
 
 - Launch of Raymond's first exclusive Made-To-Measure store at
 Palladium, Phoenix Mills..
 - Raymond income rises marginally from Rs.240 crore to Rs.244 crore
 2011
 
 -  Raymonds net profit rise 24 percent.
 
 2012
 
 - Raymond's auto components business acquires Trinity India
 
 - Raymonds - Board recommends Dividend 25 25% (Previous year 10%) for
 the financial year 2011-12.
 
 - Raymond eyee 2000 outlet over 180 town for makers brand in gujarat
 
 2013
 -Raymond has been placed at the top of the ‘Textile and Garment’
 segment as the ‘Most Admired Companies in India.
 -Raymond Vapi plant has won the Second Prize in the National Energy
 Conservation Award.
 -Raymond won the Most Respected Company award in the textile and
 apparel sector.
 -Raymond Wins National Energy Conservation.
 
 2014
 -Raymond The Complete Man TV commercial (husband-baby) has won the
 National Laadli Media & Advertising Award for Gender Sensitivity.
 -Raymond Launches Online Store.
 -ColorPlus bags 'Most Admired Men's Apparel Store' Award.
 -Raymond launches 'I Love Wool' drive nationally.
 -Raymond Ltd has he Scheme of Amalgamation and Arrangement of Trinity
 India Limited.
 
 2015
 - Raymond introduces international jacketing collection
 - Raymond launches line of lightweight linen in the city
 
 2016
 -Raymond opens exclusive store in Chennai.
 -Raymond introduces Technosmart collections.
 -Raymond arm inks pact with Neel Metals Products to sell ROSE.
 
 2017
 -Raymond opens Greenfield linen manufacturing facility.
 -Raymond has launched its branded Khadi label, Khadi by Raymond under
 a partnership with KVIC and will promote the fabric globally.
 
 2018
 -Raymond Limited has completed the acquisition of 26% equity stake
 with voting rights of Shahane Solar Power Private Limited.
 
 2019
 -Raymond sets up New Division for Real Estate Foray.
 -Raymond Launches First Ceremonial store in mumbai.
 -Raymond enters realty with 14 acres Home project in Thane.
 
 2020
 -Raymond Launches Anti-Viral Range Of Fabrics For Suiting And
 Shirting.
 
 2021
 -Raymond Incorporates New Firm For Real Estate Business.
 
 2022
 -Raymond Ltd. Collaborates with DDB Mudra group for its latest
 campaign.
 -Raymond to hand over 900 flats 2 yrs ahead of deadline.
 -Received 100% Placement by Raymond Tailoring Center in Kohima
 Nagaland.
 
 2023
 
 -Raymond Group to Acquire business of Maini Precision Products
 Limited..
 
 - Raymond Realty rapidly expands its presence in Thane with the
 launch of its fourth project.
 
 -Patel Engineering Limited along with Joint Venture (JV) Partner bags
 Rihand Micro Irrigation Project, company's
  share 5,120.47 million.