This is further to our letter no. RHL/SE/086/2025-26 dated February 14, 2026 regarding Notice of Postal Ballot. In this regard, we enclose herewith copy of the notice of Postal Ballot dated February 14, 2026 being sent to members today (i.e., February 24, 2026) seeking their approval. Remote e-voting commences on February 25, 2026 (Wednesday) at 09:00 hrs (IST) and ends on March 26, 2026 (Thursday) at 17:00 hrs (IST).
RANEHOLDIN · price
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Rane Holdings has sent a Postal Ballot notice to shareholders seeking approval (via Special Resolution) to pay commission of up to 1% of net profits per year, capped at Rs. 1 Crore per annum in aggregate, to its Non-Executive and Independent Directors for five financial years starting April 1, 2025. The e-voting window runs from February 25, 2026 (9:00 AM IST) to March 26, 2026 (5:00 PM IST), with results to be declared by March 28, 2026. CDSL has been engaged to provide the remote e-voting facility, and the notice is being sent only by email per MCA relaxations. The four Independent Directors (Mr. Pradip Kumar Bishnoi, Mr. Muthiah Murugappan Murugappan, Dr. Brinda Jagirdar, and Mr. Rajeev Gupta) currently receive sitting fees of Rs. 2.45 lakh to Rs. 3.30 lakh per year, which is separate from the proposed commission. The proposal also includes a sub-approval for cases where a single director's annual remuneration may exceed 50% of the total Non-Executive Director remuneration pool for FY25-26, as required under SEBI LODR Regulation 17(6)(ca).
This is a standard corporate governance measure that formalizes director compensation within regulatory limits. Minor impact for shareholders — the Rs. 1 Crore annual cap and 1% of profits ceiling ensure costs remain controlled, and approval is largely procedural given promoter and institutional holdings typically support such resolutions.