Raymond Realty news
All 9 EstateHerald stories about Raymond Realty, newest first. Latest: 5 November 2026.
Bookings rose 111% from existing projects with no new launches, but profit after tax fell 14%, and leverage is higher than the group's.
The routine meeting carries no new project or price disclosure, so investors will look to the company's pre-sales growth, rising borrowings and the ₹4,100 crore Mahim pipeline.
The company says the change followed a fee dispute, not a management concern, as its Mumbai pipeline and Mahim launch plans move ahead.
The fund-backed structure shares project capital and gives the developer a 5% fee on turnover, with the first Mahim launch due before the year ends.
The exit leaves Walker Chandiok as sole statutory auditor, and the filing points to a commercial disagreement rather than governance concerns.
Sales rose without a new launch, but higher finance costs pulled net profit down, and the next launches are due only in Q2 FY28.
The funding for one MMR redevelopment adds to the company's push to expand with partners rather than fund every project from its own balance sheet.
If all warrants convert, the promoter-group investor's stake would rise to about 36%, with proceeds going to two Thane projects and general purposes.
The board meeting follows strong operating growth in the first half, with pre-sales rising 111% year on year to ₹1,602 crore.