Rane Holdings Audit Committee Reports on Warrant Proceeds

Rane Holdings Ltd has submitted the Audit Committee's report dated August 13, 2026, detailing the utilization of proceeds from a preferential issue of convertible warrants. The report covers the quarter ended June 30, 2026. The Audit Committee, acting as the Monitoring Agency, found no deviation from the stated objects of the issue. Funds raised amounted to ₹40 Crores. The shares were allotted on July 30, 2026, with funds expected to be available for utilization in the quarter ending September 30, 2026. The committee declared that the report provides a true and fair view and confirmed no conflict of interest.