Rane (Madras) Limited — Updates, 23-04-2025: Scheme of Arrangement

Rane (Madras) Limited has announced a board meeting to approve the allotment of 1,13,71,870 new equity shares at ₹10 each to eligible shareholders of Rane Engine Valve Limited and Rane Brake Lining Limited, based on the share exchange ratio from the approved Scheme of Amalgamation. Following this, the total issued equity share capital will increase from ₹16.26 crore to ₹27.64 crore. Shareholders holding physical shares as of the Record Date will have their shares credited to a demat account, while fractional entitlements will be managed by a Trustee for distribution. This development may bolster investor confidence due to the enhanced capital structure and integration of operations.