This is to inform you that, Rane (Madras) Limited ( RML ) has allotted 59,58,439 equity shares of face value Rs.10/- each on April 23, 2025, pursuant to the Scheme of Amalgamation of Rane Engine Valve Limited and Rane Brake Lining Limited with and into Rane (Madras) Limited. Shares of the Company in RML, post allotment is 1,76,31,213 Equity shares representing 63.80% of post amalgamated issued and paid-up equity share capital of the Company.
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Rane Holdings Limited informed that its subsidiary Rane (Madras) Limited (RML) has allotted 59,58,439 equity shares of Rs.10 each on April 23, 2025. This allotment is pursuant to the Scheme of Amalgamation of Rane Engine Valve Limited and Rane Brake Lining Limited into Rane (Madras) Limited. Post this allotment, Rane Holdings holds 1,76,31,213 equity shares in RML, representing 63.80% of the post-amalgamated issued and paid-up equity share capital. The amalgamation consolidates two group companies into RML, making it a larger combined entity in the auto-components space.
This is a procedural update on an internal group restructuring, so there is no direct material impact on Rane Holdings shareholders. Rane Holdings retains majority control (63.80%) in the merged RML, preserving its position as the promoter holding entity.