This is to inform that the Working Committee of the Board of Directors at their meeting held today, have inter alia(i) Noted the receipt of the certified copy of the order dated March 24, 2025, from the Hon ble NCLT, Chennai sanctioning the Scheme(ii) Noted the Appointed date of the Scheme. i.e. April 01, 2024(iii) Noted the Effective date of the Scheme. i.e. April 07, 2025(iv) Approved the Record date for eligible shareholders. i.e. April 22, 2025(v) Approved the amendment to the Authorised Share Capital of Memorandum of Association.The meeting of the Working Committee of Board commenced at 12:20 hrs (IST) and concluded at 12:30 hrs (IST).
RML · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.3 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Working Committee of the Board of Rane (Madras) Limited noted the receipt of the certified copy of the NCLT Chennai order dated March 24, 2025, sanctioning a Scheme. The Appointed Date of the Scheme has been fixed as April 01, 2024, and the Effective Date as April 07, 2025. The Board has approved April 22, 2025, as the Record Date to identify eligible shareholders under the Scheme. Additionally, the Committee approved an amendment to the Authorised Share Capital in the Memorandum of Association to facilitate the Scheme.
Shareholders should note April 22, 2025, as the Record Date to determine eligibility under the Scheme. The scheme becoming effective could lead to share entitlement changes (such as issuance, swap, or restructuring) for existing shareholders, potentially affecting shareholding pattern and trading price.