Event Summary
Rane (Madras) Limited conducted its 22nd Annual General Meeting (AGM) on Wednesday, August 05, 2026 at 14:00 hrs IST through Video Conference (VC) / Other Audio Visual Means (OAVM). The meeting concluded at 15:01 hrs IST.
Meeting Proceedings
The AGM was chaired by Mr. Harish Lakshman, Chairman and Managing Director of the Company. The Company Secretary, Mr. Venkatraman, welcomed members and briefed them on pre-requisites and compliance requirements. The statutory registers and necessary documents were available for inspection till the conclusion of the AGM.
Mr. Harish Lakshman provided an overview of the state of the industry, consolidated performance of the Company, business performance and industry outlook. The notice convening the 22nd AGM was taken as read with permission of members.
Resolutions Approved
The following six resolutions were considered and approved at the AGM:
Ordinary Business:
1. Adoption of Audited Financial Statements for the year ended March 31, 2026, together with reports of the Board of Directors and the Auditor thereon
2. Declaration of dividend on equity shares
3. Appointment of Mr. Ganesh Lakshminarayan (DIN: 00012583) as Director who retires by rotation
Special Business:
4. Ratification of remuneration of Cost Auditor for FY 2025-26
5. Re-appointment of Mr. Ramesh Rajan Natarajan (DIN: 01628318) as an Independent Director for a second term
6. Appointment of Mr. Ramkumar Lakshminarayanan (DIN: 00090089) as an Independent Director
Voting Details
The Company engaged Central Depository Services Limited (CDSL) to provide e-voting facilities. Remote e-voting was conducted from August 02, 2026 (09:00 Hrs IST) to August 04, 2026 (17:00 Hrs IST). E-voting at the AGM was kept open for 15 minutes from the end of the meeting.
Cut-off date for voting eligibility was July 29, 2026. Total outstanding shares: 2,76,37,137
Resolution-wise Voting Results:
Resolution 1 (Adoption of Financial Statements):
- Total votes polled: 1,96,29,591 (71.0261% of outstanding shares)
- Votes in favor: 1,96,29,561 (99.9998%)
- Votes against: 30 (0.0002%)
Resolution 2 (Dividend Declaration):
- Total votes polled: 1,96,29,591 (71.0261%)
- Votes in favor: 1,96,29,561 (99.9998%)
- Votes against: 30 (0.0002%)
Resolution 3 (Re-appointment of Mr. Ganesh Lakshminarayan):
- Promoter interest: Yes (related to his own re-appointment)
- Total votes polled: 1,96,29,591 (71.0261%)
- Votes in favor: 1,96,29,551 (99.9998%)
- Votes against: 40 (0.0002%)
Resolution 4 (Ratification of Cost Auditor Remuneration):
- Total votes polled: 1,96,29,591 (71.0261%)
- Votes in favor: 1,96,29,408 (99.9991%)
- Votes against: 183 (0.0009%)
Resolution 5 (Re-appointment of Mr. Ramesh Rajan Natarajan):
- Total votes polled: 1,96,29,591 (71.0261%)
- Votes in favor: 1,96,29,561 (99.9998%)
- Votes against: 30 (0.0002%)
Resolution 6 (Appointment of Mr. Ramkumar Lakshminarayanan):
- Total votes polled: 1,96,29,591 (71.0261%)
- Votes in favor: 1,96,29,561 (99.9998%)
- Votes against: 30 (0.0002%)
Scrutinizer Report
M/s. A K Jain & Associates, represented by Mr. Balu Sridhar, Partner, were appointed as Scrutinizer. The scrutinizer report confirmed:
- Total valid votes received: 1,96,29,591
- No invalid votes found
- All resolutions passed with requisite majority
- Remote e-voting prior to AGM: 1,96,29,445 votes
- E-voting during AGM: 146 votes
Advertisement Publication
An advertisement was published in Business Standard (English) and Hindu Tamizh Thisai (Tamil) newspapers on July 11, 2026, more than 21 days before the AGM date.