Special Resolution in connection with payment of commission to Non-Executive Directors and Independent Directors has been approved with requisite majority by the members on March 20, 2026. Voting results under Regulation 44(3) of SEBI LODR and Scrutinizer's Report dated March 20, 2026 on the Postal Ballot / e-voting are enclosed herewith.
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Rane (Madras) Limited obtained shareholder approval through a postal ballot (e-voting) for paying commission to its Non-Executive Directors and Independent Directors, with the result declared on March 20, 2026. Out of 1,99,50,179 valid votes polled (72.19% of outstanding shares), 99.08% voted in favour and just 0.92% voted against. Promoters and institutional public shareholders voted almost unanimously in favour, while only 3.52% of the non-institutional public share base participated, and within that group 66.56% of votes were against the resolution. The e-voting window ran from February 19 to March 20, 2026, and the process was scrutinised by A.K. Jain & Associates, Company Secretaries.
The resolution was passed with overwhelming support, so the company can now pay commission to its Non-Executive and Independent Directors as proposed. The notable dissent came only from a small slice of retail public shareholders, which is unlikely to materially affect the stock. This is a routine governance/compliance update with no direct impact on earnings or business operations.