Rane (Madras) Limited has appointed Ramkumar Lakshminarayanan as an Independent Director, effective July 01, 2026, subject to shareholder approval at the ensuing 22nd Annual General Meeting. The Board approved the proposal based on the recommendations of the Nomination & Remuneration Committee. The appointment is valid for a term ending April 08, 2031.

Ramkumar Lakshminarayanan (DIN: 00090089) holds an MBA from IIM Ahmedabad and possesses over three decades of experience in senior corporate roles. He currently serves as an Independent Director on the boards of Igarashi Motors India Ltd., Wendt India Ltd, and Ambadi Investments Limited. Additionally, he is the Acting Chair and Member of the Board of Governors of IIM Bodhgaya and a member of the Executive Committee of The Chennai Angels network.

Prior to this appointment, Lakshminarayanan retired as Managing Director of Tube Investments of India Ltd in August 2018 after a tenure of over 10 years. His career spans 25 years in leadership positions, including roles as CFO and business head across sectors such as bicycles, auto industry supply chains, industrial products, and telecom cables.

The Director has affirmed that he is not debarred from holding the office by virtue of any SEBI Order or any other authority. There are no disclosed relationships between the directors of the company. The Board meeting commenced at 17:30 hrs and concluded at 18:22 hrs IST on June 30, 2026.

Appointment Details

Nisshinbo Holdings Inc, a promoter of rane madras , has declared that it holds no encumbrance on its shares for the financial year ended March 31, 2026. The disclosure confirms that the promoter has not pledged or created any charge, either directly or indirectly, on its shareholding during the specified period. This assurance is crucial for investors as it indicates the promoter's stake is free from liabilities that could potentially impact corporate control or share liquidity.

The declaration was submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory requirement mandates promoters to disclose any encumbrance on their holdings annually to ensure transparency in the market.

Shareholding Details

Nisshinbo Holdings Inc holds a significant stake in the auto components manufacturer. The declaration covers the following shareholding details:

Rane (Madras) Limited, identified by the NSE symbol RML and BSE scrip code 532661, has recorded this declaration. The document was signed by an authorized signatory on behalf of Nisshinbo Holdings Inc, with its head office located in Tokyo, Japan. A copy of the declaration was also forwarded to the Audit Committee and the investor services department of Rane (Madras) Limited.