Rane Holdings schedules EGM to issue warrants worth ₹40 crore

Rane Holdings Limited has scheduled an Extraordinary General Meeting (EGM) on June 12, 2026, to seek shareholder approval for the issuance of warrants on a preferential basis. The meeting will be held through Video Conference (VC) and Other Audio Visual Means (OAVM) at 15:00 hrs IST.

Warrant Issuance Details

The Board of Directors has approved the issuance of 3,38,030 fully convertible warrants. These warrants are proposed to be allotted to promoters Ganesh L (joint holding with Meenakshi Ganesh) and Harish Lakshman. Each warrant is convertible into one fully paid-up equity share of ₹10 face value at an issue price of ₹1,183.32. The total issue size amounts to ₹40 crore.

Proposed Allottee Warrants Allotted Category Ganesh L (joint holding with Meenakshi Ganesh) 1,69,015 Promoter Harish Lakshman 1,69,015 Promoter Total 3,38,030

Terms of the Issue

The warrants have a tenure of 18 months from the date of allotment, during which they can be exercised in one or more tranches. A subscription price equivalent to 25% of the issue price is payable at the time of allotment, while the remaining 75% is payable upon exercise of the warrant. The relevant date for determining the issue price is May 13, 2026.

Utilization of Proceeds

The company plans to deploy the funds raised through this preferential issue towards strategic investments in group companies, repayment or prepayment of borrowings, and general corporate purposes. Up to 25% of the issue proceeds may be utilized for general corporate objectives.

Shareholding Pattern

The preferential issue is expected to alter the shareholding pattern of the company. Post-issue, the promoter holding is projected to increase from 46.63% to 47.87%. The shareholding of Ganesh L is expected to rise to 6.26%, while that of Harish Lakshman is expected to increase to 2.35%.

EGM and Voting Schedule

Remote e-voting for the EGM commences on June 9, 2026, at 09:00 hrs IST and concludes on June 11, 2026, at 17:00 hrs IST. The cut-off date to determine shareholder eligibility for voting is June 5, 2026. The resolution requires approval via a special resolution.

Rane Holdings Limited has intimated stock exchanges of the record date for its final dividend for the year ended March 31, 2026, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication, filed under reference number RHL/SE/010/2026-27 on May 15, 2026, was submitted to both BSE Limited and the National Stock Exchange of India Ltd. (NSE).

Dividend and Record Date Details

The company has fixed August 06, 2026 as the record date for determining shareholder eligibility for the final dividend. The dividend, if declared at the ensuing 90th Annual General Meeting (AGM), will be paid or dispatched on August 24, 2026 (Monday). The key details of the dividend announcement are presented below:

Parameter: Details Record Date: August 06, 2026 Dividend Payment Date: August 24, 2026 (Monday) Dividend Rate: 470% (Rs.47/- per equity share) Face Value per Share: Rs.10/- Number of Equity Shares: 1,42,77,809 Type of Security: Equity Period: Year ended March 31, 2026 Subject to: Declaration at the 90th AGM

Regulatory Compliance

The intimation was filed in compliance with Regulation 42 of the SEBI LODR Regulations, 2015, and follows an earlier communication (RHL/SE/009/2026-27, dated May 15, 2026) that notified the Board of Directors' recommendation of the final dividend. The filing was addressed to both BSE Limited and the National Stock Exchange of India Ltd. (NSE) and was signed by Siva Chandrasekaran, Secretary of Rane Holdings Limited, on May 15, 2026. The company has requested the exchanges to take the above on record and note the compliance under the applicable SEBI LODR regulations.

About Rane Holdings Limited

Rane Holdings Limited is registered at "Maithri", No. 132, Cathedral Road, Chennai - 600 086, with CIN: L35999TN1936PLC002202.

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