Rane (Madras) Limited — Board Meeting, 05-08-2025: Outcome of Board Meeting

Rane (Madras) has announced a board meeting, approving the consolidated financial results for the quarter ended June 30, 2025. The company reported revenue from operations of Rs 880.60 Cr and a profit of Rs 18.53 Cr.

A significant strategic update is the agreement to sell 3.48 acres of land in Velachery for Rs 361.18 Cr, with Rs 100 Cr received as advance. The Board also re-constituted its Risk Management Committee, with Harish Lakshman appointed as Chairman, alongside L Ganesh and N Ramesh Rajan as members.