Rane (Madras) Limited — Board Meeting, 30-01-2025: Outcome of Board Meeting

The Board of Directors has approved the unaudited financial results for the quarter and nine months ended December 31, 2024. Total income is reported at ₹522.39 Cr, with a net profit of ₹1.98 Cr for the quarter, down from ₹11.23 Cr year-on-year, reflecting an 82.4% decrease. The board has also appointed Mr. Harish Lakshman as Managing Director for five years, subject to approval through a Postal Ballot. The meeting was conducted efficiently, concluding shortly after key decisions.