Rane (Madras) Limited — Others, 29-04-2025: Shareholders meeting

Rane (Madras) Limited has announced a board meeting for a postal ballot to seek shareholder approval for the sale, lease, or disposal of surplus non-core land parcels situated in Velachery (Chennai), Peenya (Bangalore), Athipattu Village (Chennai), and Santhegoundanpalayam Village (Pollachi). This initiative aims to reduce debt and liabilities, generating funds for capital expenditures and general corporate purposes. The Board anticipates that this strategy will enhance the company's financial position and benefit stakeholders, with no impact on ongoing business operations.