Rane (Madras) Limited
Rane (Madras) Limited has made a disclosure regarding the appointment of Senior Managerial Personnel (SMP) in compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
Appointment Details
- Appointee: Mr. Pawan Kumar Choudhary
- Effective Date: August 20, 2026
- Term: August 20, 2026 to August 31, 2027
- Reason for Change: Appointment as President — Compo Division
Approval Process
The appointment was approved by the Board of Directors through a resolution passed by circulation on August 20, 2026, based on the recommendations of the Nomination and Remuneration Committee.
Professional Background of Appointee
Mr. Pawan Kumar Choudhary is a Chartered Accountant and Company Secretary with over 45 years of experience in corporate finance, M&A, and general management. He has been associated with Hindustan Composites Limited for the last three decades and has been instrumental in driving the growth of its friction business. He currently serves on the Board of Hindustan Composites Limited as a Non-Executive Director and as an Independent Director on the Board of Prabhukripa Overseas Limited.
Business Context
The appointment is pursuant to the Business Transfer Agreement executed with Hindustan Composites Limited for the acquisition of its friction business.
Document Submission
The disclosure was submitted online to both BSE Limited and National Stock Exchange of India Ltd (NSE) under reference number RM L/S E/044/2026-27 on August 20, 2026.