Rane (Madras) Limited has successfully concluded its postal ballot process with shareholders approving a special resolution for commission payment to Non-Executive Directors and Independent Directors. The company announced the outcome on March 20, 2026, following the completion of the e-voting period.

Voting Results and Participation

The postal ballot witnessed strong shareholder participation with 152 members casting their votes through the electronic platform. The resolution received overwhelming support from shareholders across all categories.

Category-wise Voting Pattern

The voting results demonstrated strong support across different shareholder categories, with promoter and institutional investors showing unanimous approval.

Process Details and Timeline

The postal ballot process was conducted entirely through electronic means in compliance with regulatory requirements. The company appointed A.K. Jain & Associates as the scrutinizer, with Mr. Balu Sridhar serving as the partner responsible for overseeing the process.

Regulatory Compliance

The postal ballot was conducted in accordance with Section 108 and 110 of the Companies Act 2013, along with Regulation 44 of SEBI LODR regulations. The company published advertisements in Business Standard (English) and Hindu Tamizh Thisai (Tamil) newspapers on February 18, 2026, ensuring proper disclosure to shareholders.

Scrutinizer Certification

A.K. Jain & Associates confirmed the validity of the voting process, stating that votes were cast through the CDSL remote e-voting platform and were scrutinized in the presence of independent witnesses Ms. Hemalatha and Ms. Sandhya. The scrutinizer found no invalid votes and certified the results as accurate and compliant with regulatory requirements.

Rane Madras announced significant changes in its Key Managerial Personnel (KMP) structure following a board meeting held on March 20, 2026. The Board of Directors, acting on recommendations from the Nomination and Remuneration Committee, approved the transition of the Company Secretary and Compliance Officer position effective June 1, 2026.

Leadership Transition Details

The company will witness a seamless transition in its key management position with the following changes:

New Appointee Profile

Mr. Venkatraman brings substantial expertise to his new role as Company Secretary and Compliance Officer. He is an Associate Member of ICSI with over 18 years of professional experience in Secretarial and Compliance domain. His association with Rane Group dates back to 2015, where he previously served as Company Secretary & Compliance Officer of Rane Brake Lining Limited, which has since been amalgamated with the Company.

Board Meeting Proceedings

The Board of Directors meeting commenced at 10:00 hrs (IST) and concluded at 15:27 hrs (IST) on March 20, 2026. The decisions were made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

Compliance and Documentation

Ms. S Subha Shree formally submitted her cessation letter, confirming her departure from the office of Company Secretary & Compliance Officer effective from the close of business hours on May 31, 2026. The transition ensures continuity in the company's secretarial and compliance functions while maintaining adherence to all applicable regulations under the Companies Act, 2013 and SEBI requirements.

The company has fulfilled its disclosure obligations by notifying both BSE Limited (Scrip Code: 532661) and National Stock Exchange of India Ltd (Symbol: RML) about these management changes, ensuring transparency and regulatory compliance.