Rane Holdings Limited — Important, 04-04-2025: Sale or disposal

Rane Holdings Limited has announced a board meeting to discuss the sale of non-core assets. Rane Steering Systems Private Limited, a wholly-owned subsidiary, sold 3.995 acres of land in Chengalpattu, Tamil Nadu, for a total of Rs. 50.50 Crores. This strategic sale aligns with their monetization strategy and does not impact their core operations. The buyer, M/s. Estancia IT Park Private Limited, is not affiliated with the promoter group. This divestiture could enhance liquidity and strengthen the balance sheet, presenting a positive outlook for shareholder interests amidst ongoing operational adjustments.