Rane (Madras) Limited — Others, 11-07-2025: Shareholders meeting

Rane (Madras) Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company will hold its 21st Annual General Meeting through video conferencing, where it plans to declare a dividend of ₹8 per equity share on 2.76 crore shares. The Board proposes re-appointing Mr. Harish Lakshman as Director and re-appointing M/s. B S R & Co. LLP as Statutory Auditors for a second five-year term with a fee of ₹97 Lakhs per annum, reflecting increased audit scope post-merger. Mr. Vikram Taranath Hosangady is set to join as an Independent Director for five years. M/s. B Chandra & Associates will be appointed as Secretarial Auditors for five years, replacing the outgoing firm, with a fee of ₹4 Lakhs per annum. The Board also ratified a ₹4.5 lakh remuneration for the Cost Auditor for FY 2024-25. These changes align with the company’s expanded operations following recent mergers and aim to strengthen governance and audit functions.