Rane Holdings Limited — Others, 15-02-2025: Shareholders meeting

Rane Holdings Limited has circulated a Postal Ballot notice to shareholders seeking approval for the re-appointment of Mr. Ganesh Lakshminarayan as Chairman and Managing Director, effective April 1, 2025, to March 31, 2029. The proposed monthly salary is ₹15.23 lakh, alongside perquisites and a commission based on net profits. Additionally, approval is sought for remuneration exceeding ₹5 crore for both Mr. Lakshminarayan and Mr. Harish Lakshman, Vice-Chairman. This strategic continuity in leadership aims to bolster the company’s operational strengths and market positioning, suggesting positive sentiment among investors regarding sustained growth and governance stability.