Rane Engine Valve (Delisted) MD, chairman, board of directors and AGM

BSE: 532988Auto Components

Last traded ₹317.75 on 21 Apr 2025

Delisted on 30 Mar 2026.

Rane Engine Valve board of directors

At the end of the quarter to Dec 2024, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonHARISH LAKSHMANRelated to the promoter
  • Company SecretaryS Anand

6 directors3 independent3 non-executive

  • HARISH LAKSHMAN · ChairpersonNon-executive · joined Jul 2008 · reappointed Jul 2023 · 7 listed boards · 3 as independent · 5 committee seats, 2 as chair
  • GANESH LAKSHMINARAYANNon-executive · joined Mar 1999 · reappointed Jul 2024 · 5 listed boards · 1 as independent · 8 committee seats, 2 as chair
  • PRADIP KUMAR BISHNOIIndependent · joined Sep 2022 · reappointed Sep 2022 · 27 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 1 as chair
  • N RAMESH RAJANIndependent · joined Jun 2022 · reappointed Jun 2022 · 30 months as independent · 5 listed boards · 5 as independent · 8 committee seats, 4 as chair
  • VASUDHA SUNDARARAMANIndependent · joined May 2023 · reappointed May 2023 · 19 months as independent · 3 listed boards · 3 as independent · 3 committee seats
  • VIKRAM TARANATH HOSANGADYNon-executive · joined Oct 2023 · reappointed Oct 2023 · 14 months as independent · 5 listed boards · 2 as independent · 5 committee seats, 2 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 23 Oct 20246 of 6 present3 independent · 91 days in between
    • 23 Jul 20245 of 6 present2 independent

  • Audit Committee

    Chair N RAMESH RAJAN

    GANESH LAKSHMINARAYAN, PRADIP KUMAR BISHNOI

    • 23 Oct 20243 of 3 present2 independent · 91 days in between
    • 23 Jul 20243 of 3 present2 independent

  • Nomination and remuneration committee

    Chair PRADIP KUMAR BISHNOI

    HARISH LAKSHMAN, VASUDHA SUNDARARAMAN

    • 23 Oct 20243 of 3 present2 independent · 91 days in between
    • 23 Jul 20242 of 3 present1 independent

  • Stakeholders Relationship Committee

    Chair GANESH LAKSHMINARAYAN

    VIKRAM TARANATH HOSANGADY, VASUDHA SUNDARARAMAN

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Rane Engine Valve AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Rane Engine Valve share news and announcements

Postal ballot, 6 Dec 2024

The company's voting result (opens in a new tab)

  1. Approval of payment of commission to Mr. Harish Lakshman (DIN: 00012602), Chairman and Non-Executive Director
    SpecialPromoters have an interest in it
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.28%

    Turnout: all 73.35% · promoters 99.96% · institutions 0.00% · other public 36.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 21 Nov 2024, 1 resolution

Present: 0 promoters and 144 others.The company's voting result (opens in a new tab)

  1. Approve Scheme of Amalgamation of Rane Engine Valve Limited, Rane Brake Lining Limited with and into Rane (Madras) Limited and their respective shareholders
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 73.17% · promoters 0.00% · institutions 0.00% · other public 73.17%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 20 Nov 2024, 2 resolutions

Present: 10 promoters and 32 others.The company's voting result (opens in a new tab)

  1. Approve Scheme of Amalgamation of Rane Engine Valve Limited, Rane Brake Lining Limited with and into Rane (Madras) Limited and their respective shareholders - Voting by all including promoter and promoter groupMoreLess
    Special
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.58%

    Turnout: all 72.62% · promoters 99.99% · institutions 0.00% · other public 34.42%

  2. Approve Scheme of Amalgamation of Rane Engine Valve Limited, Rane Brake Lining Limited with and into Rane (Madras) Limited and their respective shareholders - Voting by public shareholders excluding promoter and promoter groupMoreLess
    Special
    99.42% for0.58% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.58%

    Turnout: all 34.31% · promoters 0.00% · institutions 0.00% · other public 34.42%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 23 Jul 2024, 4 resolutions

Present: 11 promoters and 40 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statement of the Company for the year ended March 31, 2024, together with the reports of the Board of Directors and the Auditor thereonn
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 58.97% · promoters 99.99% · institutions 0.00% · other public 1.60%

  2. To declare dividend on equity shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 58.97% · promoters 99.99% · institutions 0.00% · other public 1.60%

  3. To appoint a Director in the place of Mr. Ganesh Lakshminarayan (DIN:00012583), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 58.97% · promoters 99.99% · institutions 0.00% · other public 1.60%

  4. To ratify remuneration of Cost Auditor for FY 2023-24
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 58.97% · promoters 99.99% · institutions 0.00% · other public 1.60%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 7 Dec 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Vikram Taranath Hosangady (DIN: 09757469) as a Non-Executive and Non-Independent Director
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 17.33%

    Turnout: all 58.36% · promoters 99.97% · institutions 0.00% · other public 0.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Jul 2023, 4 resolutions

Present: 9 promoters and 43 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statement of the Company for the year ended March 31, 2023, together with the reports of the Board of Directors and the Auditor thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 57.31% · promoters 99.99% · institutions 0.00% · other public 0.03%

  2. To appoint a Director in the place of Mr. Harish Lakshman (DIN:00012602), who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 57.31% · promoters 99.99% · institutions 0.00% · other public 0.03%

  3. To ratify remuneration of Cost Auditor for FY 2022-23
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 57.31% · promoters 99.99% · institutions 0.00% · other public 0.03%

  4. To appoint Ms. Vasudha Sundararaman (DIN:06609400) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 57.31% · promoters 99.99% · institutions 0.00% · other public 0.03%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 12 Mar 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment and remuneration of Dr. Rajkumar Swaminathan, President as Manager under the Companies Act, 2013
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.70%

    Turnout: all 55.15% · promoters 99.99% · institutions 0.00% · other public 0.09%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Sep 2022, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Pradip Kumar Bishnoi (DIN: 00732640) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 55.19% · promoters 99.99% · institutions 0.00% · other public 0.17%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Dec 2024.

  • Tax disputeIncome Tax DepartmentSince 14 Jun 2023
    Period: AY 2015-16. Brief Description of the Dispute: Re-assessment order was passed adding Rs.7.27 Crs to Income due to incomplete documentary evidence. Current Status: Appeal pending before National Faceless Appellate Center(NFAC). Disputed amount: Rs.0.64 Crores.MoreLess
  • Tax disputeIncome Tax DepartmentSince 19 Jun 2023
    Period: AY 2017-18. Brief Description of the Dispute: Re-assessment order was passed wherein returned income was considered as assessed income. However, an amount of Rs.0.83 Crores has been mentioned as demand payable in the computation sheet and notice of demand which is erroneous and must be deleted. Current Status: Appeal filed before National Faceless Appellate Center(NFAC) was partially allowed in our favour the Company by directing Assessing Officer to arrive at correct demand/nil demand. Disputed amount: Rs.0.83 Crores.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.