Rane Brake Lining (Delisted) MD, chairman, board of directors and AGM

BSE: 532987Auto Components

Last traded ₹745.05 on 21 Apr 2025

Delisted on 30 Mar 2026.

Rane Brake Lining 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 SecretaryVenkatraman

6 directors3 independent3 non-executive

  • HARISH LAKSHMAN · ChairpersonNon-executive · joined Jul 2008 · reappointed Jun 2022 · 7 listed boards · 3 as independent · 5 committee seats, 2 as chair
  • GANESH LAKSHMINARAYANNon-executive · joined Jun 2007 · reappointed Jul 2024 · 5 listed boards · 1 as independent · 8 committee seats, 2 as chair
  • BRINDA JAGIRDARIndependent · joined Oct 2020 · reappointed Oct 2020 · 50 months as independent · 2 listed boards · 2 as independent · 5 committee seats, 1 as chair
  • YASUJI ISHIINominee, non-executive · joined Apr 2018 · reappointed Jul 2023 · 1 listed board
  • COIMBATORE NATARAJAN SRIVATSANIndependent · joined Jun 2022 · reappointed Jun 2022 · 30 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • N RAMESH RAJANIndependent · joined Jul 2024 · reappointed Jul 2024 · 5 months as independent · 5 listed boards · 5 as independent · 8 committee seats, 4 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.

1 director who left
  • ASHOK KUMAR MALHOTRA, left 8 Oct 2024: Tenure Completion

Committees and meetings

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

  • Board

    • 25 Oct 20244 of 6 present1 independent · 94 days in between
    • 22 Jul 20246 of 6 present3 independent

  • Audit Committee

    Chair COIMBATORE NATARAJAN SRIVATSAN

    GANESH LAKSHMINARAYAN, BRINDA JAGIRDAR, N RAMESH RAJAN

    • 25 Oct 20243 of 4 present2 independent · 94 days in between
    • 22 Jul 20244 of 4 present3 independent

  • Nomination and remuneration committee

    Chair BRINDA JAGIRDAR

    HARISH LAKSHMAN, N RAMESH RAJAN

    • 25 Oct 20243 of 3 present2 independent · 94 days in between
    • 22 Jul 20243 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair HARISH LAKSHMAN

    GANESH LAKSHMINARAYAN, BRINDA JAGIRDAR

    No meeting listed in the filing.

  • Risk Management Committee

    Chair HARISH LAKSHMAN

    GANESH LAKSHMINARAYAN, COIMBATORE NATARAJAN SRIVATSAN, R BALAKRISHNAN

    • 29 Aug 20242 of 3 present0 independent

  • Corporate Social Responsibility Committee

    Chair HARISH LAKSHMAN

    GANESH LAKSHMINARAYAN, BRINDA JAGIRDAR

    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 Brake Lining 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 Brake Lining share news and announcements

Postal ballot, 8 Dec 2024

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

  1. Approval of payment of commission to Mr.Harish Lakshman (DIN: 00012602), Chairmannand Non-Executive Director
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 77.36% · promoters 99.64% · institutions 94.50% · other public 13.44%

  2. Approval of re-appointment and remuneration of Mr. R Balakrishnan, as Manager
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 77.36% · promoters 99.64% · institutions 94.50% · other public 13.44%

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 209 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 68.23% · promoters 0.00% · institutions 0.00% · other public 68.23%

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, 20 Nov 2024, 2 resolutions

Present: 12 promoters and 40 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
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 77.69% · promoters 99.65% · institutions 95.45% · other public 14.71%

  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
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 24.12% · promoters 0.00% · institutions 95.45% · other public 14.71%

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, 22 Jul 2024, 4 resolutions

Present: 12 promoters and 28 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 0.08%

    Turnout: all 74.31% · promoters 99.65% · institutions 85.88% · other public 0.34%

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

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 74.31% · promoters 99.65% · institutions 85.88% · other public 0.34%

  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 0.23%

    Turnout: all 74.31% · promoters 99.65% · institutions 85.88% · other public 0.34%

  4. To appoint Mr. Ramesh Rajan Natarajan (DIN:01628318) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.88%

    Turnout: all 74.31% · promoters 99.65% · institutions 85.88% · other public 0.34%

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, 24 Jul 2023, 4 resolutions

Present: 6 promoters and 48 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 nended 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 10.75%

    Turnout: all 70.75% · promoters 100.00% · institutions 1.31% · other public 0.09%

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

    Against: promoters 0.00% · institutions 0.00% · other public 10.75%

    Turnout: all 70.75% · promoters 100.00% · institutions 1.31% · other public 0.09%

  3. To appoint a Director in the place of Mr. Yasuji Ishii (DIN:08078748), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 100.00% · other public 10.91%

    Turnout: all 70.75% · promoters 100.00% · institutions 1.31% · other public 0.09%

  4. To approve under Regulation 17(6)(ca) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the remuneration payable to Mr. Ganesh Lakshminarayan (DIN:00012583), Chairman (Non-Executive Director) exceeding fifty perncent of the total annual remuneration payable to all Non-Executive DirectorsMoreLess
    SpecialPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 100.00% · other public 12.73%

    Turnout: all 70.75% · promoters 100.00% · institutions 1.31% · 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.

Annual general meeting, 28 Jun 2022, 7 resolutions

Present: 11 promoters and 36 others.The company's voting result (opens in a new tab)

  1. 1. To consider and adopt the Audited Financial Statement of the Company for the year ended March 31, 2022, 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 0.20%

    Turnout: all 74.49% · promoters 100.00% · institutions 95.53% · other public 0.08%

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

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 74.49% · promoters 100.00% · institutions 95.53% · other public 0.08%

  3. 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 1.07%

    Turnout: all 74.49% · promoters 100.00% · institutions 95.53% · other public 0.08%

  4. 4. To approve appointment of Statutory Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 74.49% · promoters 100.00% · institutions 95.53% · other public 0.08%

  5. 5.To approve under Regulation 17(6)(ca) of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, the remuneration payable tonMr. Ganesh Lakshminarayan (DIN: 00012583), Chairman (Non-Ex ecutive Director) exceeding fifty per cent of the total annual remuneration payable to all Non-ExecutivenDirectorsMoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.47%

    Turnout: all 74.49% · promoters 100.00% · institutions 95.53% · other public 0.08%

  6. 6. To appoint Mr. C N Srivatsan (DIN:00002194) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 74.49% · promoters 100.00% · institutions 95.53% · other public 0.08%

  7. 7.To appoint Mr. Ashok Malhotra (DIN:00029017) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.07%

    Turnout: all 74.49% · promoters 100.00% · institutions 95.53% · other public 0.08%

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, 26 Jul 2021, 6 resolutions

Present: 8 promoters and 40 others.The company's voting result (opens in a new tab)

  1. 1. To consider and adopt the Audited Financial Statement of the Company for the year ended March 31, 2021, 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 72.30% · promoters 99.63% · institutions 36.37% · other public 1.89%

  2. 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 72.30% · promoters 99.63% · institutions 36.37% · other public 1.89%

  3. 3. To appoint a Director in the place of Mr. Yasuji Ishii (DIN: 08078748), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 72.30% · promoters 99.63% · institutions 36.37% · other public 1.89%

  4. 4. To approve under Regulation 17(6)(ca) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the remuneration payable to Mr. Ganesh Lakshminarayan (DIN: 00012583), Chairman (Non-Executive Director) exceeding fifty per cent of the total annual remuneration payable to all Non-Executive DirectorsMoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 72.30% · promoters 99.63% · institutions 36.37% · other public 1.89%

  5. 5. To appoint Dr. (Mrs.) Brinda Jagirdar (DIN: 06979864) as an Independent Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 72.30% · promoters 99.63% · institutions 36.37% · other public 1.89%

  6. 6. To approve payment of commission to Mr. Ganesh Lakshminarayan (DIN: 00012583), Chairman (Non-Executive Director) for a period of three years
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 72.30% · promoters 99.63% · institutions 36.37% · other public 1.89%

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, 5 Aug 2020, 5 resolutions

Present: 12 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, 2020, 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 72.13% · promoters 100.00% · institutions 35.90% · other public 7.17%

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

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 72.13% · promoters 100.00% · institutions 35.90% · other public 7.17%

  3. To appoint a Director in the place of Mr. Lakshman Lakshminarayan (DIN:00012554), 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 0.07%

    Turnout: all 72.13% · promoters 100.00% · institutions 35.90% · other public 7.17%

  4. To approve appointment and remuneration of Mr. R Balakrishnan, as Manager
    Special
    100.00% for0.00% against

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

    Turnout: all 72.13% · promoters 100.00% · institutions 35.90% · other public 7.17%

  5. To approve under Regulation 17(6)(ca) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the remuneration payable to Mr. Ganesh Lakshminarayan (DIN:00012583), Chairman (Non-Executive Director) exceeding fifty percent of the total annual remuneration payable to all Non-Executive DirectorsMoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 72.13% · promoters 100.00% · institutions 35.90% · other public 7.17%

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 department (National Faceless Assessment Centre)Since 13 Jan 2023
    Period: AY 2021-22 Brief Description of the Dispute: Classification of expenditure into revenue and capital, applicability of withholding tax on payments made to foreign entities. Current Status: Company has filed an appeal before National Faceless Appeal Centre (NFAC) Disputed amount: Rs.3.45 CroresMoreLess
  • Tax disputeIncome tax department (National Faceless Assessment Centre)Since 27 Jan 2024
    Period: AY 2022-23 Brief Description of the Dispute: Classification of expenditure into revenue and capital, applicability of withholding tax on payments made to foreign entities. Company has filed an appeal before National Faceless Appeal Centre (NFAC) Disputed amount - Rs.2.60 CroresMoreLess

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.