Bigul

RANE ENGINE VALVE LTD. - 532988 - Announcement under Regulation 30 (LODR)-Allotment

The finance committee of the board of directors of the Company at their meeting held on June 27, 2023 has issued and allotted 1,71,821 equity shares of face value of Rs. 291/- per equity share aggregating Rs. 4,99,99,911.00 to the allottee - M/s. Rane Holdings Limited (RHL), pursuant to the exercise of conversion of 1,71,821 convertible warrants out of the outstanding 5,15,463 warrants held by RHL. The allotment of equity shares has been made for cash, upon the receipt of warrant exercise price of Rs. 218.25 per warrant (being balance 75% of issue price of Rs. 291/- per warrant), aggregating to Rs. 3,74,99,933.25. These equity shares arising on conversion of the warrants, shall rank pari-passu in all respects with the existing equity shares, including dividend.
27-06-2023
Bigul

RANE ENGINE VALVE LTD. - 532988 - Compliances-Reg.24(A)-Annual Secretarial Compliance

Pursuant to regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD1/27/2019 dated 8th February 2019, we are enclosing herewith the Annual Secretarial Compliance Report of the Company for the year ended March 31, 2023 issued by Ms. Sharanya Sriram, Partner, M/s S. Krishnamurthy & Co., Practicing Company Secretaries.
30-05-2023
Bigul

RANE ENGINE VALVE LTD. - 532988 - 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 rated bank facilities of Rs.220 crores has been upgraded by CRISIL Limited as following: a. Long-Term Rating of ''CRlSlL BBB'' - upgraded to 'CRISIL BBB+' with outlook as ''Stable''. b. Short-Term Rating of ''CRlSlL A3+'' - upgraded to ''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
Bigul

RANE ENGINE VALVE LTD. - 532988 - 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
Bigul

RANE ENGINE VALVE LTD. - 532988 - 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. Kindly take this disclosure on record as compliance under relevant provisions of SEBI (LODR) Regulations 2015.
12-05-2023
Bigul

RANE ENGINE VALVE LTD. - 532988 - 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

Rane Engine Valve reports 24.7% to Rs 136.50 crore rise in Q4 revenue

Rane Engine Valve Ltd has reported a net profit at Rs 4.9 crore for the fourth quarter ending March 31, 2023, the company said on Saturday. Total revenue during the quarter under review surged by 24.7 per cent to Rs 136.50 crore from Rs 109.50 crore registered in the same period last year. The city-based manufacturer of engine valves reported net loss at Rs 0.01 crore during the January-March 31,2022 quarter. For the year ending March 31, 2023 the net loss stood at Rs 0.1 crore as compared to a net loss at Rs 11.9 crore registered last financial year. Total revenue for the year ending March 31, 2023 grew by 29.8 per cent to Rs 499.6 crore from Rs 385 crore registered in the same period of previous financial year. On the operating performance during the quarter ending March 31, 2023, the company said sales to domestic customers rose by 28 per cent 'supported by strong off-take from passenger vehicle and commercial vehicle' customers. Exports grew by 27 per cent as demand from over
06-05-2023
Bigul

RANE ENGINE VALVE LTD. - 532988 - Announcement under Regulation 30 (LODR)-Newspaper Publication

We hereby enclose copies of extract of the Audited financial results of the Company for the quarter and year ended March 31, 2023 (UFR) published on May 05, 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).
05-05-2023
Bigul

RANE ENGINE VALVE LTD. - 532988 - Submission Of Half Yearly Disclosure On Related Party Transactions - Regulation 23(9) Of SEBI LODR

In terms of Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR), we enclose herewith a statement on related party transactions of the Company for the half-year ended March 31, 2023 and the same is being made available on the website of the Company at www.ranegroup.com. We request you to take the above on record and note the compliance under above referred regulation of SEBI LODR.
04-05-2023
Bigul

RANE ENGINE VALVE LTD. - 532988 - Change In Board Of Directors - Regulation 30 Of SEBI LODR - Corrigendum

This is with reference to our aforementioned letter intimating the appointment of Ms. Vasudha Sundararaman as an Additional Director in the category of Non-Executive and Independent Director. In the aforesaid submission, it was erroneously recorded under the terms of appointment/re-appointment that Director is 'liable to retire by rotation'. Kindly take note that Ms. Vasudha Sundararaman is appointed in the capacity of Independent Director, which is not subject to liable to retire by rotation. The details pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are enclosed.
04-05-2023
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