This is to inform you that the Finance Committee at its meeting earlier today, has approved inter-corporate loan of up to Rs.25 Crores to Rane Steering Systems Private Limited, wholly-owned subsidiary of the Company.The meeting of Finance Committee of the Board of Directors commenced at 13:30 hrs (IST) and concluded at 13:35 hrs (IST)
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Rane Holdings Limited's Finance Committee has approved an unsecured inter-corporate loan of up to Rs. 25 Crores to its wholly-owned subsidiary, Rane Steering Systems Private Limited (RSSL). The loan is to be disbursed in one or more tranches for general corporate purposes and operational expenses of the subsidiary. It is a short-term facility of up to 1 year, with a rollover option, unsecured, and carries interest payable monthly with quarterly reset at arm's length terms. The loan agreement was executed on November 5, 2025, and the transaction qualifies as a related party transaction, conducted at arm's length.
This is an internal fund infusion to support the subsidiary's working capital needs, which is neutral to mildly positive for shareholders as it strengthens the subsidiary's operations. The relatively small size (Rs. 25 Cr) and arm's length terms suggest no material financial strain on the holding company.