Rane (Madras) Limited — Updates, 07-04-2025: Scheme of Arrangement

Rane (Madras) Limited has announced a board meeting to consider a significant share exchange involving the issuance of 21 equity shares of Rane (Madras) for every 20 shares held in Rane Brake Lining. The company's authorized share capital will be increased to ₹58 Cr, with 4.73 Cr equity shares and 1.065 Cr preference shares. Following the scheme's effectiveness on April 7, 2025, Rane Engine Valve Limited and Rane Brake Lining Limited will be automatically dissolved, impacting the management structure. This strategic move could streamline operations, potentially enhancing efficiency and focus for Rane (Madras) Limited amidst a positive outlook for shareholders.