J.K. Investors Revises Raymond Lifestyle Pledge Disclosure to 16.32% of Capital

J.K. Investors (Bombay) Limited, promoter of Raymond Lifestyle, corrected its pledge disclosure to show 99.40 lakh encumbered shares, or 16.32% of the company's capital, up from the 72.83 lakh shares it first reported. ScanX reported the revised filing, which was submitted to BSE and NSE on November 4, 2026.

Inside the Raymond Lifestyle Pledge Correction

The original disclosure, dated October 7, 2026, stated that 72,83,057 shares, or 11.954% of total share capital, were encumbered after the event. The revised figure of 99,40,079 shares, or 16.32%, reflects the accurate percentage held under encumbrance following a pledge created on September 29, 2026. The promoter entity described the earlier number as an inadvertent typographical error, and all other details in the original submission remain unchanged.

The pledge covers 13,28,511 shares, equal to 2.18% of share capital, and was made in favour of STCI Finance as collateral for loans taken by the company or group companies. J.K. Investors holds 2,31,65,400 shares in Raymond Lifestyle, or 38.02% of total share capital. Before the new pledge, 86,11,568 shares, or 14.14%, were already encumbered. Other promoter group entities, J.K. Investo Trade (India) Limited and J.K. Helene Curtis Limited, reported no encumbrances on their holdings as of the reporting date. The revised disclosure was made under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Earlier Moves at Raymond Lifestyle

Raymond Lifestyle's branded apparel revenue rose 11% this quarter while EBITDA margin nearly halved, chief business officer Neeraj Nagpal told Storyboard18 in October 2026, attributing the margin pressure to new stores taking time to turn profitable. The company closed 66 underperforming stores and expanded in its top 20 to 25 cities. In August 2026, chief executive officer told BW Disrupt the company would open approximately 50 new stores while closing 40 to 45, prioritising profitability and location quality over volume.

Raymond Lifestyle Investor Conference on November 16

Raymond Lifestyle will take part in the Avendus Spark INDX Annual Investor Conference on November 16, 2026, at the Grand Hyatt in Mumbai, in a group meeting format. Company representatives will discuss the investor presentation covering Q2 and H1 FY27 results, which has already been submitted to the stock exchanges and published on the company's website. The notice was signed by company secretary Priti Alkari on November 11, 2026.