Rane Engine Valve Limited — Updates, 07-04-2025: Scheme of Arrangement

Rane Engine Valve Ltd. has announced a board meeting detailing the approval of a Scheme of Amalgamation with Rane Brake Lining Ltd. The National Company Law Tribunal has sanctioned the merger effective April 07, 2025, with a record date set for April 22, 2025, to determine eligible shareholders. Shareholders of Rane Engine Valve will receive nine equity shares of Rane (Madras) Ltd. for every twenty shares held, while Rane Brake Lining shareholders will get twenty-one shares for every twenty held. This merger streamlines operations and may enhance market presence, potentially leading to a positive outlook for shareholders as the combined company emerges stronger.