Rane Holdings MD, chairman and AGM
NSE: RANEHOLDINBSE: 505800FinanceSmall Cap
Share price at the NSE close on 30 Oct 2026. Previous close ₹1,447.90.
30 Oct: open ₹1,439.90, high ₹1,459.90, low ₹1,424.50
- Next results date: the board meets on 12 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹2,053 Cr1,201st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 24.31
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.78
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 3.27%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 7.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 9.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.62
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 4,85169.8% delivered
Rane Holdings' chairperson and managing director is GANESH LAKSHMINARAYAN and its managing director HARISH LAKSHMAN, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 13 Aug 2026.
Rane Holdings board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorGANESH LAKSHMINARAYANRelated to the promoter
- Managing directorHARISH LAKSHMAN
- Company SecretaryS Subha Shree
6 directors4 independent2 executive
- GANESH LAKSHMINARAYAN · Chairperson and managing directorExecutive · joined Jun 1986 · reappointed Aug 2025 · 3 listed boards · 1 as independent · 5 committee seats, 2 as chair
- HARISH LAKSHMAN · Managing directorExecutive · joined May 2004 · reappointed Aug 2026 · 5 listed boards · 3 as independent · 3 committee seats, 1 as chair
- RAJEEV GUPTAIndependent · joined Aug 2017 · reappointed Jun 2022 · 109 months as independent · 3 listed boards · 3 as independent · 2 committee seats
- BRINDA JAGIRDARIndependent · joined May 2023 · reappointed May 2023 · 33 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- M M MURUGAPPANIndependent · joined Aug 2024 · reappointed Aug 2024 · 25 months as independent · 5 listed boards · 1 as independent · 5 committee seats, 2 as chair
- RAMESH RAJAN NATARAJANIndependent · joined Jul 2026 · reappointed Jul 2026 · 3 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 4 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- PRADIP KUMAR BISHNOI, left 1 Jul 2026: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 13 Aug 20265 of 6 present3 independent · 89 days in between
- 15 May 20265 of 6 present3 independent
Audit Committee
Chair RAMESH RAJAN NATARAJAN
GANESH LAKSHMINARAYAN, RAJEEV GUPTA, BRINDA JAGIRDAR, M M MURUGAPPAN
- 13 Aug 20264 of 5 present3 independent · 89 days in between
- 15 May 20263 of 4 present2 independent
Nomination and remuneration committee
Chair M M MURUGAPPAN
RAMESH RAJAN NATARAJAN, BRINDA JAGIRDAR
- 13 Aug 20263 of 3 present3 independent · 89 days in between
- 15 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair BRINDA JAGIRDAR
GANESH LAKSHMINARAYAN, HARISH LAKSHMAN
- 15 May 20263 of 3 present1 independent
Risk Management Committee
Chair GANESH LAKSHMINARAYAN
HARISH LAKSHMAN, RAMESH RAJAN NATARAJAN, P A PADMANABHAN
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair GANESH LAKSHMINARAYAN
HARISH LAKSHMAN, BRINDA JAGIRDAR
- 15 May 20263 of 3 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- B S R & Co., LLPPeer-review certificate valid to Jul 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Rane Holdings AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Rane Holdings dividend history
Annual general meeting, 13 Aug 2026
16,639 shareholders on the register on 6 Aug 2026; present: 20 promoters and 36 others; votes counted by Balu Sridhar / A.K. Jain & Associates.The company's voting result
- To consider and adopt the Audited Financial Statement of the Company for the year ended March 31, 2026, together with reports of the Board of Directors and the Auditor theronOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 49.82% · promoters 90.42% · institutions 59.95% · other public 10.60%
- To declare dividend on equity sharesOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 49.83% · promoters 90.42% · institutions 60.05% · other public 10.60%
- To appoint a Director in the place of Mr. Harish Lakshman (DIN: 00012602), who retires by rotation and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 49.83% · promoters 90.42% · institutions 60.05% · other public 10.60%
- To appoint Mr. Ramesh Rajan Natarajan (DIN: 01628318) as an Independent DirectorSpecial96.52% for3.48% against
Against: promoters 0.00% · institutions 71.19% · other public 0.02%
Turnout: all 49.83% · promoters 90.42% · institutions 60.05% · other public 10.60%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 12 Jun 2026, 1 resolution
16,310 shareholders on the register on 5 Jun 2026; present: 16 promoters and 26 others; votes counted by Balu Sridhar / A.K. Jain & Associates.The company's voting result
- Issue of Warrants on Preferential basisSpecialPromoters have an interest in it96.59% for3.41% against
Against: promoters 0.00% · institutions 26.71% · other public 0.01%
Turnout: all 59.59% · promoters 90.42% · institutions 88.71% · other public 21.92%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 26 Mar 2026, 1 resolution
16,375 shareholders on the register on 20 Feb 2026; votes counted by Balu Sridhar / A.K. Jain & Associates.The company's voting result
- To approve payment of commission to Non-Executive Directors and Independent DirectorsSpecial97.32% for2.68% against
Against: promoters 0.00% · institutions 12.16% · other public 11.43%
Turnout: all 53.92% · promoters 89.81% · institutions 95.17% · other public 8.46%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 12 Aug 2025, 5 resolutions
17,280 shareholders on the register on 5 Aug 2025; present: 21 promoters and 46 others; votes counted by Balu Sridhar / A.K. Jain & Associates.
- To consider and adopt the Audited Financial Statements of the Company for the year ended March 31, 2025, together with reports of the Board of Directors and the Auditor thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.12% · promoters 89.81% · institutions 96.02% · other public 2.49%
- To declare dividend on equity sharesOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.12% · promoters 89.81% · institutions 96.06% · other public 2.49%
- To appoint a Director in the place of Mr. Ganesh Lakshminarayan (DIN:00012583), who retires by rotation and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.12% · promoters 89.81% · institutions 96.06% · other public 2.49%
- To re-appoint M/s. B S R & Co. LLP, Chartered Accountants as Statutory Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.12% · promoters 89.81% · institutions 96.06% · other public 2.49%
- To appoint M/s. B Chandra & Associates, Practising Company Secretaries, as Secretarial Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 51.12% · promoters 89.81% · institutions 96.06% · other public 2.49%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 17 Mar 2025, 2 resolutions
16,639 shareholders on the register on 31 Jan 2025; votes counted by Balu Sridhar / A.K. Jain & Associates.
- Approval of re-appointment and remuneration of Mr. Ganesh Lakshminarayan as Chairman and Managing DirectorSpecialPromoters have an interest in it96.56% for3.44% against
Against: promoters 0.00% · institutions 18.19% · other public 0.37%
Turnout: all 42.96% · promoters 74.39% · institutions 95.68% · other public 0.46%
Approval under Regulation 17(6)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with Section 197, 198 and other applicable provisions of the Companies Act, 2013, the remuneration payable to Mr. Ganesh Lakshminarayan, Chairman and Managing Director and Mr. Harish Lakshman, Vice-Chairman and Joint Managing Director, both Promoter Executive DirectorsMoreLess
SpecialPromoters have an interest in it96.69% for3.31% againstAgainst: promoters 0.00% · institutions 17.49% · other public 0.36%
Turnout: all 42.96% · promoters 74.39% · institutions 95.68% · other public 0.46%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 6 Sep 2024, 2 resolutions
- To approve re-appointment and remuneration of Mr. Harish Lakshman, Vice-Chairman as Joint Managing DirectorSpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.33%
Turnout: all 46.80% · promoters 87.27% · institutions 93.53% · other public 0.87%
To approve under Regulation 17(6)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with Section 197 of the Companies Act, 2013, the remuneration payable to Mr. L Ganesh, Chairman and Managing Director and Mr. Harish Lakshman, Vice-Chairman, both Promoter Executive DirectorsMoreLess
SpecialPromoters have an interest in it98.94% for1.06% againstAgainst: promoters 0.00% · institutions 8.55% · other public 1.34%
Turnout: all 46.80% · promoters 87.27% · institutions 93.53% · other public 0.87%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 2 Aug 2024, 5 resolutions
Present: 21 promoters and 50 others.
- To consider and adopt the Audited Financial Statement of the Company for the year ended March 31, 2024, together with reports of the Board of Directors and the Auditor thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 47.70% · promoters 89.75% · institutions 92.94% · other public 0.37%
- To declare dividend on equity sharesOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.65%
Turnout: all 47.71% · promoters 89.75% · institutions 93.01% · other public 0.37%
- To appoint a Director in the place of Mr. Harish Lakshman (DIN:00012602), who retires by rotation and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it98.97% for1.03% against
Against: promoters 0.00% · institutions 8.55% · other public 0.02%
Turnout: all 47.71% · promoters 89.75% · institutions 93.01% · other public 0.37%
- To re-appoint Mr. Pradip Kumar Bishnoi (DIN:00732640) as an Independent Director for a second termSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 47.71% · promoters 89.75% · institutions 93.01% · other public 0.37%
- To appoint Mr. Muthiah Murugappan Murugappan (DIN:00170478) as an Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.65%
Turnout: all 47.71% · promoters 89.75% · institutions 93.01% · other public 0.37%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 4 Aug 2023, 4 resolutions
Present: 9 promoters and 60 others.
- To consider and adopt the Audited Financial Statement of the Company for the year ended March 31, 2023, together with reports of the Board of Directors and the Auditor thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 48.08% · promoters 89.75% · institutions 90.83% · other public 8.42%
- To declare dividend on equity sharesOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 48.08% · promoters 89.75% · institutions 91.02% · other public 8.42%
- To appoint a Director in the place of Mr. Ganesh Lakshminarayan (DIN:00012583), who retires by rotation and being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 48.08% · promoters 89.75% · institutions 91.02% · other public 8.42%
- To appoint Dr. Brinda Jagirdar (DIN:06979864) as an Independent DirectorSpecial99.51% for0.49% against
Against: promoters 0.00% · institutions 10.86% · other public 0.49%
Turnout: all 48.08% · promoters 89.75% · institutions 91.02% · other public 8.42%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 13 Aug 2026, 1 fund house
- To consider and adopt the Audited Financial Statement of the Company for the year ended March 31, 2026, together with reports of the Board of Directors and the Auditor theron1 for0 against
- To declare dividend on equity shares1 for0 against
- To appoint a Director in the place of Mr. Harish Lakshman (DIN: 00012602), who retires by rotation and being eligible, offers himself for re-appointment1 for0 against
- To appoint Mr. Ramesh Rajan Natarajan (DIN: 01628318) as an Independent Director
Against Bandhan Mutual Fund
- Bandhan Mutual FundCompliant with law. Governance concern: Proposed term will lead to prolonged association with the Group of the Company i.e. more than 10 years. Mr. Ramesh Rajan Natarajan has been serving on the Board of Rane (Madras) Ltd (Subsidiary of Our Co.), since 21st May, 2021. Upon completion of the proposed term as Independent Director, his aggregate association at the group level would exceed 10 years.
0 for1 against
Mutual fund votes, meeting of 12 Jun 2026, 3 fund houses
- Issue of Warrants on Preferential basis
Against Bandhan Mutual Fund, Bank of India Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual FundCompliant with law. Governance and Transparency concern: Warrants have been priced at par with equity shares as it is proposed to be issued at the floor price determined under Chapter V of the SEBI (ICDR) Regulations, 2018, without any premium for the conversion period. Further, the Company has not provided sufficient justification which indicates urgent need of funds and rationale for selecting Promoters as the allottee, resulting in a lack of clarity on the overall rationale of the proposed issuance of convertible warrants.
- Bank of India Mutual FundThe company proposes to raise Rs. 0.4 bn through a warrant issue to promoters. Assuming full conversion of 0.3 mn warrants, the issuance will result in ~2.3% dilution on an expanded capital base for existing shareholders. The issue price is at a 20% discount to the current market price of Rs. 1,419.The proceeds from the warrant issue will be utilised towards strategic investments in group companies, repayment of borrowings, and general corporate purposes (up to 25% of proceeds). If exercised, the issuance of warrants will increase promoter and promoter group shareholding to 47.8%, from the current 46.6%.We do not support the issue of warrants to promoters, as it allows them to benefit from stock price movements for 18 months. Further, if the promoters decide not to subscribe to the remaining 75% of the warrant price, it could have material implications for the company’s funding plans. We encourage promoters to participate through a preferential issue of equity shares, where funds are brought in upfront, rather than through the warrant route. Hence, we do not support the resolution.
- Motilal Oswal Mutual FundInadequate rationale for proposed fund raising via issuance of convertible warrants; Warrants & Equity Shares priced at par; Basis of selecting the promoter as allottee remains unclear
0 for3 against
Mutual fund votes, meeting of 26 Mar 2026, 3 fund houses
1 proposal
- To approve payment of commission to Non-Executive Directors and Independent Directors
Against Bank of India Mutual Fund
- Bank of India Mutual FundThe company seeks shareholder approval for payment of commission of up to 1% of profits, not exceeding Rs. 10 mn per annum in aggregate, to non-executive directors and independent directors, in addition to sitting fees and reimbursement of expenses from FY26 onwards for a period of five years. The company is also seeking approval for payment of remuneration to a single non-executive director or independent director in excess of 50% of the total annual remuneration payable the non-executive directors in FY26.The proposed commission to non-executive directors is in line with market practice and the company has capped the remuneration payable in absolute terms. However, as the company has not provided the name of the director nor the rationale for payment of more than 50% of the aggregate remuneration to a single director, we do not support the resolution.
2 for1 against
Mutual fund votes, meeting of 12 Aug 2025, 3 fund houses
5 proposals
- To consider and adopt the Audited Financial Statements of the Company for the year ended March 31, 2025, together with reports of the Board of Directors and the Auditor thereon3 for0 against
- To declare dividend on equity shares3 for0 against
- To appoint a Director in the place of Mr. Ganesh Lakshminarayan (DIN:00012583), who retires by rotation and being eligible, offers himself for re-appointment
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. Governance concern: Holding combined position of Chairman & Managing Director.
2 for1 against - To re-appoint M/s. B S R & Co. LLP, Chartered Accountants as Statutory Auditors of the Company3 for0 against
- To appoint M/s. B Chandra & Associates, Practising Company Secretaries, as Secretarial Auditors of the Company
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with law. Transparency concern: Previous auditors’ remuneration not available; hence, it cannot be ascertained as to whether there exists any material change in the proposed Audit fee or not.
2 for1 against
Mutual fund votes, meeting of 17 Mar 2025, 2 fund houses
2 proposals
- Approval of re-appointment and remuneration of Mr. Ganesh Lakshminarayan as Chairman and Managing Director
Against Bandhan Mutual Fund
- Bandhan Mutual FundCompliant with law. No concern on merits of proposed appointee. Governance Concern: Holding combined position of Chairman & MD may lead to concentration of power in the hand of single person. No absolute cap on variable pay.
1 for1 against Approval under Regulation 17(6)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with Section 197, 198 and other applicable provisions of the Companies Act, 2013, the remuneration payable to Mr. Ganesh Lakshminarayan, Chairman and Managing Director and Mr. Harish Lakshman, Vice-Chairman and Joint Managing Director, both Promoter Executive DirectorsMoreLess
Against Bandhan Mutual Fund
- Bandhan Mutual FundCompliant with Law. Governance concern: No absolute limit has been placed on remuneration. Promoter Director holds position of Chairman & Managing Director which may lead to concentration of power in the hand of single person.
1 for1 against
Mutual fund votes, meeting of 6 Sep 2024, 1 fund house
2 proposals
- To approve re-appointment and remuneration of Mr. Harish Lakshman, Vice-Chairman as Joint Managing Director
Against Bandhan Mutual Fund
- Bandhan Mutual FundCompliant with Law. Governance concern: Mr. L Ganesh holds the position of chairman & Executive Director of the Company. Also, not provided any absolute cap on remuneration of Mr. L Ganesh
0 for1 against To approve under Regulation 17(6)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with Section 197 of the Companies Act, 2013, the remuneration payable to Mr. L Ganesh, Chairman and Managing Director and Mr. Harish Lakshman, Vice-Chairman, both Promoter Executive DirectorsMoreLess
1 for0 against
Mutual fund votes, meeting of 2 Aug 2024, 1 fund house
5 proposals
- To consider and adopt the Audited Financial Statement of the Company for the year ended March 31, 2024, together with reports of the Board of Directors and the Auditor thereon1 for0 against
- To declare dividend on equity shares1 for0 against
- To appoint a Director in the place of Mr. Harish Lakshman (DIN:00012602), who retires by rotation and being eligible, offers himself for re-appointment
Against Bandhan Mutual Fund
- Bandhan Mutual FundCompliant with Law. No concern on merit, profile, attendance of proposed appointee. Governance concern: Excessive time commitments.
0 for1 against - To re-appoint Mr. Pradip Kumar Bishnoi (DIN:00732640) as an Independent Director for a second term1 for0 against
- To appoint Mr. Muthiah Murugappan Murugappan (DIN:00170478) as an Independent Director1 for0 against
Mutual fund votes, meeting of 4 Aug 2023, 1 fund house
4 proposals
- To consider and adopt the Audited Financial Statement of the Company for the year ended March 31, 2023, together with reports of the Board of Directors and the Auditor thereon1 for0 against
- To declare dividend on equity shares1 for0 against
- To appoint a Director in the place of Mr. Ganesh Lakshminarayan (DIN:00012583), who retires by rotation and being eligible, offers himself for re-appointment1 for0 against
- To appoint Dr. Brinda Jagirdar (DIN:06979864) as an Independent Director1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeIncome tax Department (National Faceless Assessment Centre)Since 31 Mar 2022CIT (appeal) has dismissed RSSL's contention vide order dated 07/09/2026. RSSL will Appeal to the Tribunal within the prescribed timelines
At the filing before: Company: Rane Steering Systems Private Limited (RSSL) (Subsidiary) Period: AY 2015-16; Brief Description of the dispute: Disallowance of royalty expense Current Status: RSSL has filed writ petition with Hon'ble Madras High court Disputed amount: Rs.6.74 Crs;MoreLess
- Tax disputeExcise and Taxation officer, HaryanaSince 25 Apr 2024During the quarter RSSL has attened the hearing and made its representation before the approriate authorities. Appeal Pending.
At the filing before: Company: Rane Steering Systems Private Limited (Subsidiary) Period: AY 2018-19; Brief Description of the dispute: Alleging non-payment of RCM on Royalty for which tax was already paid through ISD and others. Current Status: Appeal pending with Deputy Commissioner State Tax (GST Appeal) Disputed amount: Rs.10.98 Crs;MoreLess
- Tax disputeAssistant Commissioner (ST), TamilnaduSince 25 Aug 2024Appeal filed with GST Appellate Authority during the quarter.
At the filing before: Company: Rane Steering Systems Private Limited (Subsidiary) Period: AY 2019 -20; Brief Description of the dispute: Alleging tax not discharged on inward supplies treated as purchase suppression. Current Status: Appeal pending with- Deputy Commissioner (GST appeals) Dispute amount: Rs. 8.15 Crs;MoreLess
- Tax disputeCommissioner of Customs, ICD Patparganj, New DelhiSince 1 May 2025No Change. Appeal pending
At the filing before: Company: Rane Steering Systems Private Limited (Subsidiary) Period: May 2023 to Jan 2025; Brief Description of the dispute: Show Cause Notice (SCN) on wrong tariff classification of 39 Import Bill of entries and resulting levy of differential duty along with interest and penalty thereon as per Section 28(1), 28AA and 112 of the Customs Act, 1962, respectively. Current Status: Office of Principal Commission of customs has confirmed differntial duty. Disputed amount: Rs.2.69 Crs;MoreLess
- Tax disputeDeputy Excise and Taxation Commissioner (State Tax), HaryanaSince 29 Sep 2025During the quarter RSSL has attened the hearing and made its representation before the approriate authorities. Appeal Pending.
At the filing before: Company: Rane Steering Systems Private Limited (Subsidiary) Period: April 2021 - March 2022 Brief Description of the dispute: Majorly on Non-payment of tax on Secondment of employees, Credit notes issued to customers, Excess ITC availed in comparison with GSTR2A etc., Current Status: Appeal filed before appelate authority Disputed amount: 8.87 Crs.MoreLess
- Tax disputeAssistant Commissioner (ST), Royapettah, South – I, ChennaiSince 17 Jul 2026RSSL is in consultation with its consultants / tax advisors and will be filing suitable reply along with necessary documents before the appropriate authority within the prescribed timelines.
At the filing before: Company: Rane Steering Systems Private Limited (Subsidiary) Financial Year 2022-23 Brief Description of the dispute: Show Cause notice primarily relates to differences between GSTR-2A (statement on inward supplies) and GSTR-3B (monthly return), details of credit notes issued & exempted / nil rated supplies. Refer our SE RHL/SE/039/2026-27 dated July 21, 2026. Dispute amount: Rs.11.88 Crores including penalty of Rs.1.07 Crores.MoreLess
- Tax disputeDeputy Commissioner (CT), Chennai (South).Since 20 Jul 2026RSSL is in consultation with its consultants / tax advisors and will be filing suitable reply along with necessary documents before the appropriate authority within the prescribed timelines.
At the filing before: Company: Rane Steering Systems Private Limited (Subsidiary) Financial Year 2019-20 Brief Description of the dispute:The authority has partly allowed, partly dismissed and partly modified the appeal filed by RSSL u/s 107(1) of the TNGST Act, 2017.Refer our SE Inimation RHL/SE/040/2026-27 dated July 21, 2026 Dispute amount:Rs 7.46 Crores including penalty of Rs.0.38 CroresMoreLess
- Tax disputeAssistant Commissioner (ST), Royapettah, South — I, ChennaiSince 24 Sep 2026The GST Authorities vide their order dated October 08, 2026 have dropped the proceedings.
At the filing before: Company: Rane Steering Systems Private Limited (Subsidiary) Financial Year 2022-23 & 2023-24 Brief Description of the dispute:Show Cause notices relating to claim of ineligible ITC under Section 17(5) of GST Act, 2017.Refer our SE Intimation RHL/SE/054/2026-27 dated September 28, 2026 Dispute amount:Rs.10.07 Crores including penalty of Rs.0.92 CroresMoreLess
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- Tax disputeDeputy Excise & Taxation Commissioner (State Tax), Rewari, HaryanaSince 28 Sep 2026RSSL is in consultation with its consultants / tax advisors and will be filing suitable reply along with necessary documents before the appropriate authority within the prescribed timelines.
At the filing before: Company: Rane Steering Systems Private Limited (Subsidiary) Financial Year 2022-23 Brief Description of the dispute:Show Cause notice raised on issues majorly relating to: a) excess ITC claimed in GSTR-3B compared to GSTR-2B; b) reverse charge liability on trademark fee, secondment of overseas employees etc.; c) miscellaneous issues viz. availment of ineligible ITC, issuance of credit notes etc. Refer our SE Intimation RHL/SE/055/2026-27 dated September 25, 2026 Dispute amount:Aggregating to Rs.57.12 Crores including applicable interest & penalty of Rs.1.25 CroresMoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states and its own uses differ by fifty times or more, a figure typed at the wrong scale.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Reason and comments |
|---|---|---|---|---|---|---|
| Preferential IssuesJun 2026, checked by Audit Committee of the Board of Directors of the Company | – | Strategic investments in group companies | – | – | No | Audit committee: The company has on June 25, 2026 received Rs. 10 crores being the warrant subscription price for allotment of 3,38,030 warrants, out of the issue size of Rs. 40 crores. The allotment of warrants were completed on July 30, 2026 pursuant to receipt of the in-principle approval from the stock exchanges. The funds are available for utilization after the allotment.MoreLess |
| Preferential IssuesJun 2026, checked by Audit Committee of the Board of Directors of the Company | – | Repayment of Borrowings | – | – | No | Audit committee: The company has on June 25, 2026 received Rs. 10 crores being the warrant subscription price for allotment of 3,38,030 warrants, out of the issue size of Rs. 40 crores. The allotment of warrants were completed on July 30, 2026 pursuant to receipt of the in-principle approval from the stock exchanges. The funds are available for utilization after the allotment.MoreLess |
| Preferential IssuesJun 2026, checked by Audit Committee of the Board of Directors of the Company | – | General Corporate Purposes (Up to 25% of issue proceeds) | – | – | No | Audit committee: The company has on June 25, 2026 received Rs. 10 crores being the warrant subscription price for allotment of 3,38,030 warrants, out of the issue size of Rs. 40 crores. The allotment of warrants were completed on July 30, 2026 pursuant to receipt of the in-principle approval from the stock exchanges. The funds are available for utilization after the allotment.MoreLess |