Rane Brake Linings (Delisted) share news and announcements

BSE: 532328

Last traded ₹190.15 on 14 Feb 2008

Delisted.

Last results date

The last board meeting held for results; the company has not yet given notice of the next.Rane Brake Linings quarterly results

Jan22Tue

The board met on 22 Jan 2008 to consider “Unaudited Financial Results for the qtr ended Dec 31, 2007”

Notice filed 14 Jan 2008

Rane Brake Linings share news and announcements

20 announcements, routine notices left out, newest first.

  1. Feb 2008

    • 11 Feb · Suspension of trading in equity shares

      Members of the Exchange are hereby informed that the trading in equity shares of Rane Brake Linings Limited shall be suspended w.e.f. February 15, 2008 (i.e. closing hours of trading on February 14, 2008) on account of Scheme of Arrangement of between Rane Engine Valves Limited, Rane Brake Linings Limited and Rane Holdings Limited.

    • 9 Feb · Corporate action

      At the final hearing held on December 20, 2007, the Hon'ble High Court of Madras have sanctioned the composite Scheme of Demerger, Merger and Amalgamation between Rane Engine Valves Limited (REVL), Rane Brake Linings Limited (RBL), Techcons Limited (Techcons), Rane Brake Products Limited (RBPL) and Rane Holdings Limited (RHL) ("Scheme"). In terms of the Scheme, each member of the transferor companies viz., REVL & RBL whose name is recorded in the register of members as on the record date would be allotted shares in the following manner: i) 1 equity share of Rs.10/- each fully paid up in Techcons for every 1 equity share held in REVL; ii) 1 equity share of Rs.10/- each fully paid up in RBPL for every 1 equity share held in RBL; iii) 56 shares of RHL for every 100 shares of REVL; iv) 75 shares of RHL for every 100 shares of RBL. For this purpose February 22, 2008 has been fixed as the Record Date for determining the shareholders of Rane Brake Linings Limited who are eligible to receive shares as detailed above. Further, a copy of the detailed note on the Scheme shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

  2. Jan 2008

    • 14 Jan · Board meeting

      Meeting on 22 Jan 2008: “Unaudited Financial Results for the qtr ended Dec 31, 2007”

  3. Nov 2007

    • 26 Nov · Miscellaneous

      Rane Brake Linings Limited had submitted to the Exchange a copy of the Notice of a meeting of the equity shareholders of the company to be held on November 28, 2007 for the purpose of considering, and if thought fit, approving, with or without modification, the Scheme of Demerger, Merger and Amalgamation proposed to be made between Rane Engine Valves Limited, Techcons Limited, Rane Brake Products Limited, Rane Holdings Limited and the Applicant Company (Rane Brake Linings Limited) and their respective shareholders. The Company has now informed the Exchange that in page no.17 of the Notice containing the "Explanatory Statement", under the head the "transferee company - Rane Holdings Limited", the balance sheet of Rane Engine Valves Limited has been wrongly printed instead of the balance sheet of Rane Holdings Limited. Further, the Company has submitted to the Exchange a corrected copy of the Notice of the Meeting. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 15 Nov · Notice of Meeting

      By an order made on October 26, 2007 the Court has decided that a meeting of the equity shareholders of the company be held on November 28, 2007 for the purpose of considering, and if thought fit, approving, with or without modification, the Scheme of Demerger, Merger and Amalgamation proposed to be made between Rane Engine Valves Limited, Techcons Limited, Rane Brake Products Limited, Rane Holdings Limited and the Applicant Company (Rane Brake Linings Limited) and their respective shareholders. A copy of the Notice of Meeting shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

  4. Oct 2007

    • 15 Oct · Board meeting

      Meeting on 25 Oct 2007: “Unaudited Financial Results for the Qtr ended Sept 30, 2007”

  5. Aug 2007

    • 23 Aug · Meeting

      Minutes of the Annual General Meeting of the Company held on July 25, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 20 Aug · Business

      August 20, 2007, that: "At the meeting of the Board of directors of the company held today, the Board has taken the following decisions: 1) The manufacturing undertakings of the company would be demerged into a new manufacturing company with appointed date as April 1, 2007. The equity shares of the new manufacturing company will be listed on the Stock Exchanges. 2) The residual non-manufacturing business of the company would be merged with Rane Holdings Limited (RHL). 3) In consideration of the above, for every 100 shares held in the company, the shareholders would be allotted shares as under: a) 100 shares in the new manufacturing company and b) 75 shares in Rane Holdings Ltd. 4) The above restructuring would be effected through a composite scheme of arrangement to be filed before the Hon. High Court of Madras".

  6. Jul 2007

    • 27 Jul · Meeting

      At the AGM held on July 25, 2007 the members have:- (1) Approved the interim dividend of 40% paid on February 5, 2007 and a second interim dividend of 30% paid on March 30, 2007 as the final dividend on 7,214,980 equity shares of Rs.10/- each fully paid-up for the year ended March 31, 2007. (2) Re-appointed Mr L Ganesh and Mr D Vijay Mohan as Directors. (3) Re-appointed M/s Price Waterhouse & Co., Chartered Accountants as Auditors of the Company to hold office from the conclusion of this AGM until the conclusion of this AGM until the conclusion of the next AGM.

    • 26 Jul · Management

      Mr V Ramachandran, a director has resigned from the directorship of the Company from the conclusion of the Board Meeting held on July 26, 2007

    • 17 Jul · Board meeting

      Meeting on 25 Jul 2007: “Unaudited financial results for quarter ended June 30, 2007”

  7. Jun 2007

    • 20 Jun · Miscellaneous

      In connection with the inauguration of Rane Institute for Employee Development (RIED), Mr. L Ganesh, Chairman - Rane Group, addressed a Press Conference. While addressing the queries of the press personnel, Mr. L Ganesh informed that the Company is contemplating investment of around Rs.60 crores for setting up a manufacturing facility near Trichy in Tamil Nadu for manufacturing brake lines

  8. May 2007

    • 24 May · Meeting

      Board of Directors of the Company at their meeting held on May 24, 2007, have not recommended any further dividend. The Board of Directors have decided to close the books of the company commencing from July 21, 2007 to July 25, 2007 (both days inclusive) in connection with the Annual General Meeting of the Company to be held on July 25, 2007.

    • 14 May · Board meeting

      To consider and approve the audited financial results and recommendation of dividend, if any, for the year ended March 31, 2007.

    • 8 May · Results

      Company shall publish Audited Financial Results within a period of 3 month for the year ended on March 31, 2007 i.e. on or before June 30, 2007.

  9. Mar 2007

    • 22 Mar · Dividend

      "The Board of Directors has at their meeting held today (i.e. March 22, 2007) (a) declared 2nd interim dividend of Rs.3/- per equity share for the year ending March 31, 2007, on the paid up capital of Rs.72,149,800 comprising of 7,214,980 shares of Rs.10 each. (b) appointed Mr L. Venkateswaran as Secretary and Compliance Officer of the company with effect from March 22, 2007 in the vacancy arising out of the transfer of services of the existing incumbent, viz. Mr V Krishnan to a Group company". Further the Company has informed the Exchange that (i) Record date for ascertaining the shareholders entitled for this interim dividend has been fixed as March 28, 2007. (ii) This interim dividend will be paid to the shareholders on and from March 30, 2007.

    • 7 Mar · Board meeting

      To consider, inter alia, the payment of 2nd Interim Dividend proposed for the year ending March 31, 2007. Further the Company has informed the Exchange that the record date has been fixed as March 28, 2007 for ascertaining the shareholders entitled for the proposed interim dividend. The interim dividend, if any, declared by the Board of Directors, will be made payable on and from March 30, 2007.

  10. Jan 2007

    • 23 Jan · Dividend

      Board of Directors has in the meeting held on January 23,2007 declared an interim dividend of Rs.4/- per equity share for the year ending March 31,2007, on the paid up capital of Rs. 72,149,800 comprising of 7,214,980 shares of Rs. 10 each.

    • 4 Jan · Corporate action

      The Board has fixed January 30, 2007 (Tuesday) as the record date for ascertaining the shareholders entitled for the proposed interim dividend. The interim dividend that may be declared will be paid on and from February 05, 2007.

    • 4 Jan · Board meeting

      Inter alia (i) To consider and take on record the Unaudited financial results (Provisional) for the quarter ended December 31, 2006. (ii) Declaration of interim dividend for the year ending March 31, 2007 is also proposed to be considered.

How the price met the news

The first session after each announcement, beside the market.

That dayAgainst the Nifty 500Market median on that newsFive sessionsFive sessions against the Nifty 500Volume, times usual

  • 26 Jul 2007Board or managers changeddown 2.33%−2.9 pts vs Nifty 500market median 0.0% · five sessions −2.0% (+3.2 pts vs Nifty 500) · volume 0.8× usual
  • 22 Mar 2007Dividendup 0.14%−2.2 pts vs Nifty 500market median 0.0% · five sessions −0.7% (−1.1 pts vs Nifty 500) · volume 1.8× usual
  • 24 Jan 2007Dividenddown 2.53%−3.1 pts vs Nifty 500market median 0.0% · five sessions −4.8% (−6.7 pts vs Nifty 500)

Sharp moves

3 of the 5 shown had no filing that day or the next.

MoveAgainst the Nifty 500Times its usual moveVolume, times usualFilings

  • 14 Feb 2008No filing that day or the nextup 11.36%+5.7 pts vs Nifty 5003.6× its usual move · volume 2.7× usual
  • 22 Jan 2008No filing that day or the nextdown 10.41%−3.8 pts vs Nifty 5004.0× its usual move · volume 0.4× usual
  • 21 Jan 2008No filing that day or the nextdown 8.46%+1.7 pts vs Nifty 5003.6× its usual move · volume 0.2× usual
  • 27 Nov 20071 filingup 5.70%+5.9 pts vs Nifty 5003.2× its usual move · volume 2.4× usual
  • 21 Aug 20071 filingup 8.34%+11.6 pts vs Nifty 5005.0× its usual move · volume 40.9× usual