The 21st AGM is scheduled to be held on Tuesday, August 05, 2025 at 16:00 hrs (IST) through VC/OAVM.
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Rane (Madras) Limited has notified that its 21st Annual General Meeting will be held on Tuesday, August 5, 2025 at 16:00 hrs (IST) via video conferencing, correcting an earlier notice that had mistakenly listed 14:00 hrs. The AGM will consider adopting the audited financial statements for FY25, declaring a dividend of ₹8 per equity share (face value ₹10) on 2,76,37,137 shares, and re-appointing Mr. Harish Lakshman as a director. Shareholders will also vote on re-appointing M/s. B S R & Co. LLP as statutory auditors for a second 5-year term (till 2030 AGM) at ₹97 lakhs per annum, appointing Mr. Vikram Taranath Hosangady as Independent Director, and appointing M/s. B Chandra & Associates as new Secretarial Auditors for FY 2025-30. The note also reflects the recent merger of Rane Engine Valve Limited and Rane Brake Lining Limited into the company effective April 7, 2025, which has expanded the audit scope. E-voting by CDSL is open from August 2 to August 4, 2025, with July 29, 2025 as the cut-off date.
Shareholders as on July 29, 2025 will be eligible for the ₹8 per share dividend and can vote electronically on the resolutions. The auditor and director appointments are routine governance items and should not materially affect the stock price, though the dividend declaration and post-merger governance structure are positive for shareholder clarity.