REVL

Rane Engine Valves Limited has informed the Exchange that The Board of Directors has at their meeting held today (i.e. March 21, 2007) declared an interim dividend of Rs.8/- per equity share for the year ending March 31, 2007, on the paid up capital of Rs. 51,509,920 comprising of 5,150,992 shares of Rs.10 each. Further the Company has informed the Exchange that (i) Record date for ascertaining the shareholders entitled for this interim dividend has been fixed as March 27, 2007. (ii) This interim dividend will be paid to the shareholders on and from March 30, 2007.

Rane Engine Valves Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on May 18, 2006 has recommended to the shareholders a final dividend of 30% on the paid-up capital of Rs. 51,509,920 for the financial year ended March 31, 2006.

Rane Engine Valves Limited has informed the Exchange that the BODs has in the meeting held on January 27, 2006 declared an interim dividend of Rs.5/- per equity share for the year ending March 31, 2006, on the enhanced paid up capital of Rs.51,509,920 comprising of 5,150,992 shares of Rs.10 each.

Rane Engine Valves Limited has informed the Exchange that the BOD's of the Company at their meeting held on May 25, 2005, recommended to the shareholders a final dividend of 30% on the paid up capital of Rs.50,400,000 for the FY ended March 31, 2005. The Company has further informed that the Register of Members will remain closed from July 16, 2005 to July 23, 2005 (both days inclusive).

Rane Engine Valves Limited has informed the Exchange that the BODs has,in the meeting held on January 25, 2005, declared an interim dividend of Rs.5 per equity share,on the paid up capital of Rs.5,04,00,000 comprising of 50,40,000 shares of Rs.10 each.The record date for ascertaining the sharehodlers entitled for interim dividend has been fixed as February 11,2005.The interim dividend will be paid to the shareholders on and from February 17,2005.