This is to inform you the following changes in Key Managerial Personnel of Wholly owned subsidiary - Rane Steering Systems Private Limited:1) Cessation of Mr. V Sethuraman as Company Secretary. He continues to hold the office as Chief Financial Officer.2) Appointment of Mr. S Anand as Secretary of the Company.
RANEHOLDIN · price
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Rane Holdings informed that its wholly owned subsidiary, Rane Steering Systems Private Limited, has made changes in Key Managerial Personnel. Mr. V Sethuraman has stepped down from the position of Company Secretary, but he will continue to serve as the Chief Financial Officer of the subsidiary. In his place, Mr. S Anand has been appointed as the new Secretary of the company. The changes appear to be a routine internal restructuring at the subsidiary level with no impact on the overall management continuity.
This is a routine administrative change at the subsidiary level and is unlikely to have any material impact on the company's operations or shareholders. Continuity is maintained since Mr. Sethuraman remains as CFO.