Rane Holdings logo

Rane Holdings MD, chairman, board of directors and AGM

NSE: RANEHOLDINBSE: 505800FinanceSmall Cap

Formerly Rane (madras)
Last close ₹1,431.90down ₹4.10 (0.29%)BSE ₹1,419.80

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,436.00.

52-week range of traded prices to 23 Oct 2026
₹981.00Low, 30 Mar 2026₹1,894.50High, 4 Aug 2026
Market cap
₹2,044 Cr1,201st largest listed
P/E
24.2
P/B
1.8
Dividend yield
3.28%
ROE
7.5%
ROCE
9.9%
Debt to equity
0.62
Volume, NSE
7,18868.9% delivered

Rane Holdings board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorGANESH LAKSHMINARAYANRelated to the promoter
  • Managing directorHARISH LAKSHMAN
  • Company SecretaryS Subha Shree

6 directors4 independent2 executive

  • GANESH LAKSHMINARAYAN · Chairperson and managing directorExecutive · joined Jun 1986 · reappointed Aug 2025 · 3 listed boards · 1 as independent · 5 committee seats, 2 as chair
  • HARISH LAKSHMAN · Managing directorExecutive · joined May 2004 · reappointed Aug 2024 · 5 listed boards · 3 as independent · 3 committee seats, 1 as chair
  • RAJEEV GUPTAIndependent · joined Aug 2017 · reappointed Jun 2022 · 106 months as independent · 3 listed boards · 3 as independent · 2 committee seats
  • BRINDA JAGIRDARIndependent · joined May 2023 · reappointed May 2023 · 30 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • PRADIP KUMAR BISHNOIIndependent · joined Aug 2019 · reappointed Aug 2019 · 82 months as independent · 4 listed boards · 4 as independent · 7 committee seats, 1 as chair
  • M M MURUGAPPANIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 5 listed boards · 1 as independent · 4 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

    • 15 May 20265 of 6 present3 independent · 49 days in between
    • 26 Mar 20266 of 6 present4 independent · 39 days in between
    • 14 Feb 20266 of 6 present4 independent

  • Audit Committee

    Chair PRADIP KUMAR BISHNOI

    GANESH LAKSHMINARAYAN, RAJEEV GUPTA, BRINDA JAGIRDAR

    • 15 May 20263 of 4 present2 independent · 89 days in between
    • 14 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair M M MURUGAPPAN

    PRADIP KUMAR BISHNOI, BRINDA JAGIRDAR

    • 15 May 20263 of 3 present3 independent · 49 days in between
    • 26 Mar 20263 of 3 present3 independent · 39 days in between
    • 14 Feb 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair BRINDA JAGIRDAR

    GANESH LAKSHMINARAYAN, HARISH LAKSHMAN

    • 15 May 20263 of 3 present1 independent

  • Risk Management Committee

    Chair GANESH LAKSHMINARAYAN

    HARISH LAKSHMAN, PRADIP KUMAR BISHNOI, P A PADMANABHAN

    • 26 Mar 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair GANESH LAKSHMINARAYAN

    HARISH LAKSHMAN, BRINDA JAGIRDAR

    • 15 May 20263 of 3 present1 independent

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.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • B S R & Co., LLPPeer-review certificate valid to Jul 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Rane Holdings 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 Holdings dividend history

Annual general meeting, 13 Aug 2026

16,639 shareholders on the register on 6 Aug 2026; present: 20 promoters and 36 others; votes counted by Balu Sridhar / A.K. Jain & Associates.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, 2026, together with reports of the Board of Directors and the Auditor theron
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 49.82% · promoters 90.42% · institutions 59.95% · other public 10.60%

  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 49.83% · promoters 90.42% · institutions 60.05% · other public 10.60%

  3. 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 0.02%

    Turnout: all 49.83% · promoters 90.42% · institutions 60.05% · other public 10.60%

  4. To appoint Mr. Ramesh Rajan Natarajan (DIN: 01628318) as an Independent Director
    Special
    96.52% for3.48% against

    Against: promoters 0.00% · institutions 71.19% · other public 0.02%

    Turnout: all 49.83% · promoters 90.42% · institutions 60.05% · other public 10.60%

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.

Extraordinary general meeting, 12 Jun 2026, 1 resolution

16,310 shareholders on the register on 5 Jun 2026; present: 16 promoters and 26 others; votes counted by Balu Sridhar / A.K. Jain & Associates.The company's voting result (opens in a new tab)

  1. Issue of Warrants on Preferential basis
    SpecialPromoters have an interest in it
    96.59% for3.41% against

    Against: promoters 0.00% · institutions 26.71% · other public 0.01%

    Turnout: all 59.59% · promoters 90.42% · institutions 88.71% · other public 21.92%

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, 26 Mar 2026, 1 resolution

16,375 shareholders on the register on 20 Feb 2026; votes counted by Balu Sridhar / A.K. Jain & Associates.The company's voting result (opens in a new tab)

  1. To approve payment of commission to Non-Executive Directors and Independent Directors
    Special
    97.32% for2.68% against

    Against: promoters 0.00% · institutions 12.16% · other public 11.43%

    Turnout: all 53.92% · promoters 89.81% · institutions 95.17% · other public 8.46%

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, 12 Aug 2025, 5 resolutions

17,280 shareholders on the register on 5 Aug 2025; present: 21 promoters and 46 others; votes counted by Balu Sridhar / A.K. Jain & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the year ended March 31, 2025, together with 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 51.12% · promoters 89.81% · institutions 96.02% · other public 2.49%

  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 51.12% · promoters 89.81% · institutions 96.06% · other public 2.49%

  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 0.00%

    Turnout: all 51.12% · promoters 89.81% · institutions 96.06% · other public 2.49%

  4. To re-appoint M/s. B S R & Co. LLP, Chartered Accountants as Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 51.12% · promoters 89.81% · institutions 96.06% · other public 2.49%

  5. To appoint M/s. B Chandra & Associates, Practising Company Secretaries, as Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 51.12% · promoters 89.81% · institutions 96.06% · other public 2.49%

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, 17 Mar 2025, 2 resolutions

16,639 shareholders on the register on 31 Jan 2025; votes counted by Balu Sridhar / A.K. Jain & Associates.The company's voting result (opens in a new tab)

  1. Approval of re-appointment and remuneration of Mr. Ganesh Lakshminarayan as Chairman and Managing Director
    SpecialPromoters have an interest in it
    96.56% for3.44% against

    Against: promoters 0.00% · institutions 18.19% · other public 0.37%

    Turnout: all 42.96% · promoters 74.39% · institutions 95.68% · other public 0.46%

  2. Approval under Regulation 17(6)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with Section 197, 198 and other applicable provisions of the Companies Act, 2013, the remuneration payable to Mr. Ganesh Lakshminarayan, Chairman and Managing Director and Mr. Harish Lakshman, Vice-Chairman and Joint Managing Director, both Promoter Executive DirectorsMoreLess
    SpecialPromoters have an interest in it
    96.69% for3.31% against

    Against: promoters 0.00% · institutions 17.49% · other public 0.36%

    Turnout: all 42.96% · promoters 74.39% · institutions 95.68% · other public 0.46%

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, 6 Sep 2024, 2 resolutions

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

  1. To approve re-appointment and remuneration of Mr. Harish Lakshman, Vice-Chairman as Joint Managing Director
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.33%

    Turnout: all 46.80% · promoters 87.27% · institutions 93.53% · other public 0.87%

  2. To approve under Regulation 17(6)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with Section 197 of the Companies Act, 2013, the remuneration payable to Mr. L Ganesh, Chairman and Managing Director and Mr. Harish Lakshman, Vice-Chairman, both Promoter Executive DirectorsMoreLess
    SpecialPromoters have an interest in it
    98.94% for1.06% against

    Against: promoters 0.00% · institutions 8.55% · other public 1.34%

    Turnout: all 46.80% · promoters 87.27% · institutions 93.53% · other public 0.87%

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, 2 Aug 2024, 5 resolutions

Present: 21 promoters and 50 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 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 0.02%

    Turnout: all 47.70% · promoters 89.75% · institutions 92.94% · other public 0.37%

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

    Against: promoters 0.00% · institutions 0.00% · other public 0.65%

    Turnout: all 47.71% · promoters 89.75% · institutions 93.01% · other public 0.37%

  3. 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
    98.97% for1.03% against

    Against: promoters 0.00% · institutions 8.55% · other public 0.02%

    Turnout: all 47.71% · promoters 89.75% · institutions 93.01% · other public 0.37%

  4. To re-appoint Mr. Pradip Kumar Bishnoi (DIN:00732640) as an Independent Director for a second term
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 47.71% · promoters 89.75% · institutions 93.01% · other public 0.37%

  5. To appoint Mr. Muthiah Murugappan Murugappan (DIN:00170478) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.65%

    Turnout: all 47.71% · promoters 89.75% · institutions 93.01% · other public 0.37%

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, 4 Aug 2023, 4 resolutions

Present: 9 promoters and 60 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 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 48.08% · promoters 89.75% · institutions 90.83% · other public 8.42%

  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 48.08% · promoters 89.75% · institutions 91.02% · other public 8.42%

  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 0.00%

    Turnout: all 48.08% · promoters 89.75% · institutions 91.02% · other public 8.42%

  4. To appoint Dr. Brinda Jagirdar (DIN:06979864) as an Independent Director
    Special
    99.51% for0.49% against

    Against: promoters 0.00% · institutions 10.86% · other public 0.49%

    Turnout: all 48.08% · promoters 89.75% · institutions 91.02% · other public 8.42%

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.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 12 Jun 2026, 3 fund houses

  • Issue of Warrants on Preferential basis
    Against Bandhan Mutual Fund, Bank of India Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual FundCompliant with law. Governance and Transparency concern: Warrants have been priced at par with equity shares as it is proposed to be issued at the floor price determined under Chapter V of the SEBI (ICDR) Regulations, 2018, without any premium for the conversion period. Further, the Company has not provided sufficient justification which indicates urgent need of funds and rationale for selecting Promoters as the allottee, resulting in a lack of clarity on the overall rationale of the proposed issuance of convertible warrants.
    • Bank of India Mutual FundThe company proposes to raise Rs. 0.4 bn through a warrant issue to promoters. Assuming full conversion of 0.3 mn warrants, the issuance will result in ~2.3% dilution on an expanded capital base for existing shareholders. The issue price is at a 20% discount to the current market price of Rs. 1,419.The proceeds from the warrant issue will be utilised towards strategic investments in group companies, repayment of borrowings, and general corporate purposes (up to 25% of proceeds). If exercised, the issuance of warrants will increase promoter and promoter group shareholding to 47.8%, from the current 46.6%.We do not support the issue of warrants to promoters, as it allows them to benefit from stock price movements for 18 months. Further, if the promoters decide not to subscribe to the remaining 75% of the warrant price, it could have material implications for the company’s funding plans. We encourage promoters to participate through a preferential issue of equity shares, where funds are brought in upfront, rather than through the warrant route. Hence, we do not support the resolution.
    • Motilal Oswal Mutual FundInadequate rationale for proposed fund raising via issuance of convertible warrants; Warrants & Equity Shares priced at par; Basis of selecting the promoter as allottee remains unclear
    0 for3 against

Mutual fund votes, meeting of 26 Mar 2026, 3 fund houses

  • To approve payment of commission to Non-Executive Directors and Independent Directors
    Against Bank of India Mutual Fund
    • Bank of India Mutual FundThe company seeks shareholder approval for payment of commission of up to 1% of profits, not exceeding Rs. 10 mn per annum in aggregate, to non-executive directors and independent directors, in addition to sitting fees and reimbursement of expenses from FY26 onwards for a period of five years. The company is also seeking approval for payment of remuneration to a single non-executive director or independent director in excess of 50% of the total annual remuneration payable the non-executive directors in FY26.The proposed commission to non-executive directors is in line with market practice and the company has capped the remuneration payable in absolute terms. However, as the company has not provided the name of the director nor the rationale for payment of more than 50% of the aggregate remuneration to a single director, we do not support the resolution.
    2 for1 against
5 earlier meetings

Mutual fund votes, meeting of 12 Aug 2025, 3 fund houses

  • To consider and adopt the Audited Financial Statements of the Company for the year ended March 31, 2025, together with reports of the Board of Directors and the Auditor thereon
    3 for0 against
  • To declare dividend on equity shares
    3 for0 against
  • 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
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance concern: Holding combined position of Chairman & Managing Director.
    2 for1 against
  • To re-appoint M/s. B S R & Co. LLP, Chartered Accountants as Statutory Auditors of the Company
    3 for0 against
  • To appoint M/s. B Chandra & Associates, Practising Company Secretaries, as Secretarial Auditors of the Company
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Transparency concern: Previous auditors’ remuneration not available; hence, it cannot be ascertained as to whether there exists any material change in the proposed Audit fee or not.
    2 for1 against

Mutual fund votes, meeting of 17 Mar 2025, 2 fund houses

  • Approval of re-appointment and remuneration of Mr. Ganesh Lakshminarayan as Chairman and Managing Director
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundCompliant with law. No concern on merits of proposed appointee. Governance Concern: Holding combined position of Chairman & MD may lead to concentration of power in the hand of single person. No absolute cap on variable pay.
    1 for1 against
  • Approval under Regulation 17(6)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with Section 197, 198 and other applicable provisions of the Companies Act, 2013, the remuneration payable to Mr. Ganesh Lakshminarayan, Chairman and Managing Director and Mr. Harish Lakshman, Vice-Chairman and Joint Managing Director, both Promoter Executive DirectorsMoreLess
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundCompliant with Law. Governance concern: No absolute limit has been placed on remuneration. Promoter Director holds position of Chairman & Managing Director which may lead to concentration of power in the hand of single person.
    1 for1 against

Mutual fund votes, meeting of 6 Sep 2024, 1 fund house

  • To approve re-appointment and remuneration of Mr. Harish Lakshman, Vice-Chairman as Joint Managing Director
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundCompliant with Law. Governance concern: Mr. L Ganesh holds the position of chairman & Executive Director of the Company. Also, not provided any absolute cap on remuneration of Mr. L Ganesh
    0 for1 against
  • To approve under Regulation 17(6)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with Section 197 of the Companies Act, 2013, the remuneration payable to Mr. L Ganesh, Chairman and Managing Director and Mr. Harish Lakshman, Vice-Chairman, both Promoter Executive DirectorsMoreLess
    1 for0 against

Mutual fund votes, meeting of 2 Aug 2024, 1 fund house

  • To consider and adopt the Audited Financial Statement of the Company for the year ended March 31, 2024, together with reports of the Board of Directors and the Auditor thereon
    1 for0 against
  • To declare dividend on equity shares
    1 for0 against
  • 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
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundCompliant with Law. No concern on merit, profile, attendance of proposed appointee. Governance concern: Excessive time commitments.
    0 for1 against
  • To re-appoint Mr. Pradip Kumar Bishnoi (DIN:00732640) as an Independent Director for a second term
    1 for0 against
  • To appoint Mr. Muthiah Murugappan Murugappan (DIN:00170478) as an Independent Director
    1 for0 against

Mutual fund votes, meeting of 4 Aug 2023, 1 fund house

  • To consider and adopt the Audited Financial Statement of the Company for the year ended March 31, 2023, together with reports of the Board of Directors and the Auditor thereon
    1 for0 against
  • To declare dividend on equity shares
    1 for0 against
  • 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
    1 for0 against
  • To appoint Dr. Brinda Jagirdar (DIN:06979864) as an Independent Director
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines, tax disputes and stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake boughtMehala Mill India Private Limited (acquired by Rane Steering Systems Private Limited, wholly owned subsidiary of the Company)Since 1 May 2026

    −14.00% bought in the quarter; holding 2.00%, from 16.00%

  • Fine or penaltyCommissioner of Income-tax (Appeals), ChennaiSince 22 May 2026

    Order u/s 250 of Income Tax Act, 1961 Company : Rane Steering Systems Private Limited (RSSL)

    AY 2018-19 - Difference in receipt of Duty Drawback amount accounted in the books of acounts and the amount available in the DGFT Portal.
  • Tax disputeIncome tax Department (National Faceless Assessment Centre)Since 31 Mar 2022
    RSSL has obtained a stay order from Hon’ble High Court of Madras setting aside the order passed by Assessment Unit of Income Tax Department (AU) and remitted the case back to AU to pass fresh order after considering the Denovo order from Commissioner of Income Tax (Appeals). RSSL has received Notice from CIT(appeal)and submitted relevant documents. Awaiting Hearing.MoreLess
    At the filing before: Company: Rane Steering Systems Private Limited (RSSL) (Subsidiary) Period: AY 2015-16; Brief Description of the dispute: Disallowance of royalty expense Current Status: RSSL has filed writ petition with Hon'ble Madras High court Disputed amount: Rs.6.74 Crs;MoreLess
  • Tax disputeExcise and Taxation officer, HaryanaSince 25 Apr 2024
    No change. Appeal pending
    At the filing before: Company: Rane Steering Systems Private Limited (Subsidiary) Period: AY 2018-19; Brief Description of the dispute: Alleging non-payment of RCM on Royalty for which tax was already paid through ISD and others. Current Status: Appeal pending with Deputy Commissioner State Tax (GST Appeal) Disputed amount: Rs.10.98 Crs;MoreLess
  • Tax disputeAssistant Commissioner (ST), TamilnaduSince 25 Aug 2024
    RSSL has received an order from Deputy Commissioner, partly allowing, partly dismissing and partly modified the Company appeal on July 20, 2026 with tax demand of Rs. 7.46 Crores (including tax & penalty). Please also refer our intimation RHL/SE/040/2026-27 dated July 21, 2026MoreLess
    At the filing before: Company: Rane Steering Systems Private Limited (Subsidiary) Period: AY 2019 -20; Brief Description of the dispute: Alleging tax not discharged on inward supplies treated as purchase suppression. Current Status: Appeal pending with- Deputy Commissioner (GST appeals) Dispute amount: Rs. 8.15 Crs;MoreLess
  • Tax disputeCommissioner of Customs, ICD Patparganj, New DelhiSince 1 May 2025
    RSSL has filed an appeal with CESTAT during the quarter. Awating hearing.
    At the filing before: Company: Rane Steering Systems Private Limited (Subsidiary) Period: May 2023 to Jan 2025; Brief Description of the dispute: Show Cause Notice (SCN) on wrong tariff classification of 39 Import Bill of entries and resulting levy of differential duty along with interest and penalty thereon as per Section 28(1), 28AA and 112 of the Customs Act, 1962, respectively. Current Status: Office of Principal Commission of customs has confirmed differntial duty. Disputed amount: Rs.2.69 Crs;MoreLess
  • Tax disputeDeputy Excise and Taxation Commissioner (State Tax), HaryanaSince 29 Sep 2025
    No change. Appeal pending
    At the filing before: Company: Rane Steering Systems Private Limited (Subsidiary) Period: April 2021 - March 2022 Brief Description of the dispute: Majorly on Non-payment of tax on Secondment of employees, Credit notes issued to customers, Excess ITC availed in comparison with GSTR2A etc., Current Status: Appeal filed before appelate authority Disputed amount: 8.87 Crs.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

At most 1 complaint open, quarter to Mar 2026.
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
Yes
The filing has a part on fines and penalties
Yes
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.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states and its own uses differ by fifty times or more, a figure typed at the wrong scale.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Preferential IssuesJun 2026, checked by Audit Committee of the Board of Directors of the Company–Strategic investments in group companies––No
Audit committee: The company has on June 25, 2026 received Rs. 10 crores being the warrant subscription price for allotment of 3,38,030 warrants, out of the issue size of Rs. 40 crores. The allotment of warrants were completed on July 30, 2026 pursuant to receipt of the in-principle approval from the stock exchanges. The funds are available for utilization after the allotment.MoreLess
Preferential IssuesJun 2026, checked by Audit Committee of the Board of Directors of the Company–Repayment of Borrowings––No
Audit committee: The company has on June 25, 2026 received Rs. 10 crores being the warrant subscription price for allotment of 3,38,030 warrants, out of the issue size of Rs. 40 crores. The allotment of warrants were completed on July 30, 2026 pursuant to receipt of the in-principle approval from the stock exchanges. The funds are available for utilization after the allotment.MoreLess
Preferential IssuesJun 2026, checked by Audit Committee of the Board of Directors of the Company–General Corporate Purposes (Up to 25% of issue proceeds)––No
Audit committee: The company has on June 25, 2026 received Rs. 10 crores being the warrant subscription price for allotment of 3,38,030 warrants, out of the issue size of Rs. 40 crores. The allotment of warrants were completed on July 30, 2026 pursuant to receipt of the in-principle approval from the stock exchanges. The funds are available for utilization after the allotment.MoreLess
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.