Rane Holdings will hold a meeting of the Board of Directors of the Company on 15 May 2024.Powered by Capital Market - Live News

Rane Holdings announced that L Ganesh, Chairman, has informed that he is retiring as Chairman from the operating entities of Rane Group, effective from close of business hours on 31 March 2024 and he willcontinue to serve on the Board as a Non-Executive Director in these entities. He will continue as Chairman and Managing Director of Rane Holdings. Harish Lakshman will take over as Chairman of Rane Group, effective from01 April 2024, and will continue on the Board of Rane Holdings as Vice-Chairman and Joint Managing Director.Powered by Capital Market - Live News

Rane Holdings announced that ICRA has reaffirmed its credit rating for bank lines of Rs 100 crore at ICRA AA-; Stable/ ICRA A1+ following review of the latest developments i.e. board approval by the respective entities for scheme of amalgamation of Rane Brake Lining and Rane Engine Valve into Rane (Madras). Powered by Capital Market - Live News

Net profit of Rane Holdings declined 4.91% to Rs 38.96 crore in the quarter ended December 2023 as against Rs 40.97 crore during the previous quarter ended December 2022. Sales declined 4.26% to Rs 837.04 crore in the quarter ended December 2023 as against Rs 874.25 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales837.04874.25 -4 OPM %10.778.90 - PBDT90.88108.92 -17 PBT58.7873.29 -20 NP38.9640.97 -5 Powered by Capital Market - Live News

Rane Holdings has revised the meeting of the Board of Directors which was scheduled to be held on 12 February 2024. The meeting will now be held on 8 February 2024.Powered by Capital Market - Live News