Rane (Madras) Limited — Others, 29-05-2025: Shareholders meeting

Rane (Madras) Limited has approved a special resolution via postal ballot to sell, lease, or dispose of surplus land parcels, backed by 99.83% shareholder votes. This decision, supported by both public and promoter shareholders representing over 2 crore shares, aims to optimize the company’s asset base and enhance operational focus. Such measures are expected to improve capital allocation, potentially supporting stronger financial health and value creation for shareholders.