Raymond announced that its subsidiary, Colorplus Realty has obtained ''Registration Certificate of Project: Raymond Realty Phase I'' under Project Registration no. P51700019265 from Maharashtra Real Estate Regulatory Authority (MAHA RERA). This registration is valid from 15 January 2019 till 31 March 2024.

Raymond will also perform a ''Bhoomi Pujan'' at the project site on 21 January 2019.

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Raymond will hold a meeting of the Board of Directors of the Company on 23 January 2019.

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Raymond announced that Hariharan Sunder, Non-Executive Director of the Company has relinquished office with immediate effect. The Company places on record its appreciation for the valuable services renderedby Sunder during his tenure with the Company.

The Board also appointed Surya Kant Gupta (DIN: 00323759) as an Additional Director, subject to the approval of the Ministry of Civil Aviation. Gupta is a Textile Industry veteran and has been with theCompany for over a decade. Gupta in his corporate career was also associated with conglomerates viz; Reliance, Grasim and Bombay Dyeing.

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The result was announced after market hours yesterday, 25 October 2018.

Meanwhile, the S&P BSE Sensex was down 176.25 points, or 0.52% to 33,513.84.

On the BSE, 3.02 lakh shares were traded in the counter so far compared with average daily volumes of 52,000 shares in the past two weeks. The stock had hit a high of Rs 701.70 and a low of Rs 622.75 so far during the day. The stock hit a 52-week high of Rs 1,151.70 on 2 May 2018. The stock hit a 52-week low of Rs 593.55 on 9 October 2018.

Raymond offers end-to-end solutions for fabrics and garmenting.

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