Rane Engine Valves (Delisted) share news and announcements

BSE: 532490

Last traded ₹261.35 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 Engine Valves quarterly results

Jan24Thu

The board met on 24 Jan 2008 to consider “Unaudited Financial Results for the qtr ended Dec 31, 2007”

Notice filed 14 Jan 2008

Rane Engine Valves share news and announcements

21 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 Engine Valves 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 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 Engine Valves 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 24 Jan 2008: “Unaudited Financial Results for the qtr ended Dec 31, 2007”

  3. Nov 2007

    • 26 Nov · Miscellaneous

      Rane Engine Valves 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 Brake Linings Limited, Techcons Limited, Rane Brake Products Limited, Rane Holdings Limited and the Applicant Company (Rane Engine Valves Ltd) 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 Brake Linings Limited, Techcons Limited, Rane Brake Products Limited, Rane Holdings Limited and the Applicant Company (Rane Engine Valves Ltd) 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 24 Oct 2007: “Unaudited Financial Results for the Qtr ended Sept 30, 2007”

  5. Aug 2007

    • 23 Aug · Meeting

      Minutes of Annual General Meeting of the Company held on July 24, 2007. The details 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

      At the meeting of the Board of Directors of the Company held today, the Board have 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) 56 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

    • 26 Jul · Meeting

      At the AGM held on July 24, 2007 the members have:- (1) Approved an interim dividend of 80% paid on March 30, 2007 as the final dividend on 5,150,992 equity shares of Rs.10/- each fully paid-up for the year ended March 31, 2007. (2) Re-appointed Mr S K Bhargava and Mr Ashok Malhotra as Directors. (3) Re-appointed M/s Brahmayya & Co., Chartered Accountants as Auditors of the Company to hold office from the conclusion of this AGM until the conclusion of the next AGM.

    • 17 Jul · Board meeting

      Meeting on 24 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.40 crores for setting up a manufacturing facility near Trichy in Tamil Nadu for manufacturing engine valves

  8. May 2007

    • 23 May · Miscellaneous

      Financial Results for the year ended March 31, 2007. The details 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.

    • 23 May · Meeting

      Board of Directors of the Company at their meeting held on May 23, 2007, has 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 24, 2007 (both days inclusive) in connection with the Annual General Meeting of the Company to be held on July 24, 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.

  9. Apr 2007

    • 13 Apr · Results

      We intend publishing the audited financial results for the year ended March 31, 2007 within three months, i.e. before June 30, 2007 and therefore, we will not be publishing the unaudited financial results before April 30, 2007

  10. Mar 2007

    • 21 Mar · Dividend

      Board of Directors has at their meeting held today (i.e. March 21, 2007) declared an interim dividend of Rs.8/- per equity share for the year ending March 31, 2007, on the paid up capital of Rs. 51,509,920 comprising of 5,150,992 shares of Rs.10 each. 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 27, 2007. (ii) This interim dividend will be paid to the shareholders on and from March 30, 2007.

    • 9 Mar · Board meeting

      To consider, inter alia, the payment of Interim Dividend proposed for the year ending March 31, 2007. Further, the record date has been fixed as March 27, 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.

    • 1 Mar · Business

      Press release, titled "ICRA reaffirms the A1+ rating assigned to the Rs.50 million Commercial Paper programme and MAA rating assigned to the Fixed Deposit programme of Rane Engine Valves Limited". The copy of the press release 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.

  11. Feb 2007

    • 5 Feb · Miscellaneous

      "Since there is a delay in receipt of in-principle listing approval from Madras Stock Exchange Limited, we propose to extend the closing date of the reversal options offer to March 9, 2007." In this regard, a copy of the circular letter dated January 30, 2007 sent to the shareholders 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.

  12. Jan 2007

    • 22 Jan · Board meeting

      Considering the Reversal Option Offer currently open to the shareholders of kar Mobiles Ltd., the board decided to defer consideration of Interim Dividend for the time being. Mr K Sankaranarayanan has been appointed as Secretary with effect from January 22, 2007 and he would be the Compliance Officer of the Company in terms of Clause 47(a) of the Listing Agreement

    • 12 Jan · Board meeting

      I) to consider and take on record Unaudited financial results (Provisional) for the quarter ended December 31,2006. ii) declaration of 'interim dividend' for the year ending March 31,2007.

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

  • 21 Mar 2007Dividendup 2.20%+0.9 pts vs Nifty 500market median 0.0% · five sessions +4.5% (+3.4 pts vs Nifty 500) · volume 3.1× usual

Sharp moves

4 of the 4 shown had no filing that day or the next.

MoveAgainst the Nifty 500Times its usual moveVolume, times usualFilings

  • 4 Feb 2008No filing that day or the nextup 14.88%+11.8 pts vs Nifty 5003.8× its usual move · volume 1.3× usual
  • 21 Jan 2008No filing that day or the nextdown 10.53%−0.4 pts vs Nifty 5003.0× its usual move · volume 1.5× usual
  • 19 Nov 2007No filing that day or the nextup 9.19%+8.3 pts vs Nifty 5003.8× its usual move · volume 2.9× usual
  • 9 Nov 2007No filing that day or the nextup 8.21%+8.5 pts vs Nifty 5003.8× its usual move · volume 0.2× usual