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RANE (MADRAS) LTD. - 532661 - Announcement under Regulation 30 (LODR)-Credit Rating

 In terms of regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) this to inform that, with regard to the Company''s total Bank Loan facilities/debt instruments under assessment of Rs.601.62 crores (enhanced from Rs. 498 crores), CRISIL Limited has: a. upgraded - Long-Term Rating to 'CRISIL A' with outlook remains ''Stable'' from 'CRISIL A-'. b. upgraded - Short-Term Rating to ''CRlSlL A1'' from ''CRlSlL A2+''. We enclose herewith the relevant credit rating letter(s) dated May 24, 2023 received by the Company earlier today. The aforementioned letters are also available on CRISIL website. We request you to treat this intimation as compliance with the disclosure requirements under the relevant provisions of SEBI LODR.
24-05-2023
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RANE (MADRAS) LTD. - 532661 - Announcement under Regulation 30 (LODR)-Newspaper Publication

 Further to our letter referred above, we enclose herewith copy of the advertisements published on May 19, 2023 in Newspapers - Business Standard (English) and Hindu Tamizh Thisai (Tamil) in connection with the Postal ballot Notice dated May 17, 2023. Copies of the said advertisements are also being made available on the website of the Company at www.ranegroup.com
19-05-2023
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RANE (MADRAS) LTD. - 532661 - Announcement under Regulation 30 (LODR)-Investor Presentation

 This is with reference to the aforementioned letters intimating Earnings Conference Call scheduled on Friday, May 19, 2023 at 15:00 hours (IST), inter alia, to discuss the audited financial results for the quarter ended March 31, 2023. We enclose herewith copy of the Earnings presentation proposed to be made thereat, to the analyst and investors. The same is also being made available on the website of the Company, www.ranegroup.com.
18-05-2023
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RANE (MADRAS) LTD. - 532661 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

 This is further to our aforementioned letter intimating decision of the Board of Directors for divestment of investments held in the M/s. Rane Light Metal Castings Inc., USA (LMCA), a wholly owned step-down material subsidiary of the Company. In this regard, we enclose herewith copy of the notice of Postal Ballot dated May 17, 2023 being sent to members today (i.e., May 18, 2023) seeking their prior approval for the sale/ divestment/ pledge/ dilution / disposal of Rane Light Metal Castings Inc., USA (LMCA) and / or cessation of control of the Company in LMCA. Pursuant to relaxations issued by Ministry of Corporate Affairs (MCA), the Postal Ballot notice is being sent to members through electronic means only. The Company has engaged the services of Central Depository Services (India) Limited (CDSL) for providing the remote e-voting facility to enable members to cast their votes electronically. Details under regulation 30 of SEBI LODR are enclosed.
18-05-2023
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Rane (Madras) mulls disposal of its US arm

 L Ganesh, Chairman of Rane Group had said that the turnaround planned in the US subsidiary had a setback due to poor offtake in the newly-developed and existing businesses
17-05-2023
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RANE (MADRAS) LTD. - 532661 - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment

 The Board of Directors of the Company at the meeting held today, after carefully reviewing operational and financial performance of M/s. Rane Light Metal Casting Inc., USA (LMCA), a wholly owned step-down subsidiary of the Company acquired in the year 2016, has decided to explore options for divestment / disposal of LMCA and seek prior approval of the shareholders for the same through postal ballot. LMCA, a material subsidiary of the Company under SEBI LODR, is engaged in the business of manufacturing high pressure aluminium die casting for automotive and non-automotive applications. The Company will update the exchange with appropriate details in terms of regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, from time to time.
17-05-2023
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RANE (MADRAS) LTD. - 532661 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 We refer to the captioned letter issued by the Company to the stock exchanges in connection with the 'Earnings Conference Call' scheduled to be held on Monday, May 15, 2023 at 15:00 hours (IST), inter alia, to discuss the audited financial results for the quarter and year ended March 31, 2023. Please be informed that the investor call is postponed to Friday, May 19, 2023 at 15:00 hours (IST) inter alia, to discuss the audited financial results for the quarter ended March 31, 2023. There is no change in any other details. The revised invite is enclosed along with this letter.
12-05-2023
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RANE (MADRAS) LTD. - 532661 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

 Details of issuance of duplicate share certificate(s)
11-05-2023
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RANE (MADRAS) LTD. - 532661 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 We hereby inform that an 'Earnings Conference Call' is scheduled on, Monday, May 15, 2023 at 15:00 hours (IST), inter alia, to discuss the audited financial results for the quarter and year ended March 31, 2023. The details of dial-in are enclosed. The presentation and transcript will also be made available on the website of the Company viz., www.ranegroup.com.
08-05-2023
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RANE (MADRAS) LTD. - 532661 - Announcement under Regulation 30 (LODR)-Newspaper Publication

 We hereby enclose copies of extract of the audited (standalone & consolidated) financial results of the Company for the quarter and year ended March 31, 2023 (AFR) published on May 06, 2023 in the newspapers, viz., 'Business Standard' (English) and 'Hindu Tamizh Thisai' (Regional language). We request you to take the above on record and note the compliance under relevant provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR).
06-05-2023
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