RANEENGINE

This is to inform that the Working Committee of the Board of Directors at their meeting held today, have inter alia(i) Noted the receipt of the certified copy of the order dated March 24, 2025, from the Hon ble NCLT, Chennai sanctioning the Scheme(ii) Noted the Appointed date of the Scheme. i.e. April 01, 2024(iii) Noted the Effective date of the Scheme. i.e. April 07, 2025(v) Approved the Record date for eligible shareholders. i.e. April 22, 2025The meeting of the Working Committee of Board commenced at 12:10 hrs (IST) and concluded at 12:15 hrs (IST).

We hereby inform that the Hon ble National Company Law Tribunal ( NCLT ), Chennai Bench has vide its order dated March 24, 2025 sanctioned the Scheme of Amalgamation of Rane Engine Valve Limited, Rane Brake Lining Limited with and into Rane (Madras) Limited.

We hereby inform that the Hon'ble National Company Law Tribunal ('NCLT'), Chennai Bench has directed the Company to separately convene the meeting of equity shareholders and unsecured creditors in relation to Scheme of Amalgamation.

The Company has informed the Exchange about receipt of Observation Letters from BSE & NSE in relation to proposed Scheme of Amalgamation of Rane Engine Valve Limited, Rane Brake Lining Limited with and into Rane (Madras) Limited

Rane Engine Valve Limited has informed the exchange about scheme of amalgamation between Rane Engine Valve Limited, Rane Brake Lining Limited into and with Rane (Madras) Limited approved by the Board of Directors at its meeting held on February 09, 2024

Rane Engine Valve Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 20, 2014, inter alia, have considered and approved a proposal for the amalgamation of Kar Mobiles Limited ("KML" or "the Transferor Company") with Rane Engine Valve Limited ("REVL" or "the Company" or "the Transferee Company") and their respective shareholders. The proposal would be implemented by a Scheme of Amalgamation ("the Scheme") under the provisions of Section 391-394 of the Companies Act, 1956 as may be amended from time-to-time, which provides for: (i) Amalgam