Rane (Madras) Limited — Updates, 27-06-2025: Press Release

Rane (Madras) has announced a board meeting to discuss the financial results for the quarter and half-year. The company has entered an agreement to sell 3.48 acres of its 4.50-acre land parcel in Velachery, Chennai, to Canopy Living LLP. Proceeds from this land sale will be used to reduce debt and consolidate city offices, aiming to unlock long-term cost synergies post-merger. The company will retain the remaining land for constructing a new office.