Rane (Madras) Limited has informed the Exchange about change in Management
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Rane (Madras) Limited has announced three board-level changes. The Board has approved the re-appointment of Mr. Ramesh Rajan Natarajan as an Independent Director for a second term of 5 years (May 21, 2026 to May 20, 2031), subject to shareholder approval at the 22nd AGM. Mr. Ramesh Rajan brings over 42 years of experience in audit, finance, strategy and operations, having served as Chairman and Senior Partner at PwC India. Separately, Mr. Ganesh Lakshminarayanan, a Non-Executive Director with 50+ years of industrial experience, will retire by rotation and seek re-appointment at the AGM effective August 05, 2026. Additionally, Mr. Pradip Kumar Bishnoi will retire upon completion of his second term as Independent Director effective July 01, 2026, and will cease to be a member of the Audit, Stakeholders Relationship, and Nomination & Remuneration Committees. Mr. Bishnoi served on boards of several companies including Rane Holdings Limited and Avadh Sugar and Energy Limited.
The changes represent routine board refreshment with minimal disruption. The retirement of Mr. Bishnoi removes an experienced independent director from key committees, while his replacement via Mr. Ramesh Rajan's appointment, subject to shareholder approval, ensures continuity of independent oversight.