The board of directors of Raymond Limited has approved a scheme of amalgamation for Everblue Apparel Limited (EBAL), its wholly owned subsidiary, with the parent company, as part of a move to simplify the group structure and improve operational efficiency.
The decision was taken at a board meeting held on 27th January 2026, and is aimed at streamlining operations, enhancing management focus and creating operational and financial synergies. The proposed amalgamation remains subject to statutory and regulatory approvals, including clearances from the National Company Law Tribunal (NCLT) and the shareholders of Raymond Limited.
Everblue Apparel Limited, the transferor company, had a paid-up capital of Rs. 1,150 lakh (US $ 1.2 million), a net worth of Rs. 376 lakh (US $ 413,000) and a turnover of Rs. 10,858 lakh (US $ 11.94 million) as of 31st December 2025. Raymond Limited, the transferee company, reported a paid-up capital of Rs. 6,657 lakh (US $ 7.32 million), a net worth of Rs. 186,146 lakh (US $ 204 million) and a turnover of Rs. 289 lakh (US $ 317,000) as of the same date.
According to the company, the amalgamation is expected to result in multiple benefits, including simplification of the group’s corporate structure, optimal utilisation and pooling of resources, improved administrative efficiency, financial synergies and overall cost reductions.
As EBAL is a wholly owned subsidiary of Raymond Limited, the scheme does not provide for the issuance of any new shares. The equity shares currently held by Raymond Limited in EBAL will be cancelled upon completion of the amalgamation. The company said the scheme will not lead to any change in the existing shareholding pattern of Raymond Limited.
