Raymond Limited has informed the Exchange regarding In compliance with Regulation 30 (9) of SEBI Listing Regulations, this is to inform you that Board of Directors of JK Files & Engineering Limited ( JKFEL ), JKFEL Tools And Technologies Limited ( JKTTL ), Ring Plus Aqua Limited ( RPAL ), Maini Precision Products Limited ( MPPL ), subsidiaries of the Company and Ray Global Consumer Enterprise Limited ( RGCEL ) (being acquired to be a wholly owned subsidiary of the Company) have at their respective board meetings held during 1st, 2nd and 3rd May 2024 have approved consolidation of the engineering business under a single entity and segregation of the aerospace and defence business in a separate entity by way of Composite Scheme of Arrangement between JKFEL, JKTTL, RGCEL, RPAL and MPPL and their respective shareholders and reduction and cancellation of the existing paid up share capital of JKTTL and RGCEL ( the Scheme ) under the provisions of Sections 230 to 232 read with Section 66 and other applicable provisions of the Companies Act, 2013 and the rules framed thereunder, subject to the requisite approvals as customary to approval of the Scheme..