Board Meeting15 May 2026, 01:50 pm
Rane Holdings Recommends 470% Dividend, Approves Preferential Issue
AI Summary
Rane Holdings Ltd's board approved the audited financial results for the year ended March 31, 2026, and recommended a dividend of ₹47 per share (470%). They also approved a preferential issue of convertible warrants to the promoter group for up to ₹40 crores. The 90th Annual General Meeting is scheduled for August 13, 2026, and an Extra-Ordinary General Meeting for June 12, 2026. There are changes to the board including retirement of an independent director and appointment of a new one, effective July 1, 2026.
Key Highlights
- Rane Holdings recommends a dividend of ₹47 per share (470%) for FY26.
- Board approves preferential issue of warrants to promoters for up to ₹40 crores.
- 90th AGM scheduled for August 13, 2026; EGM on June 12, 2026.
- Ramesh Rajan Natarajan appointed as an Independent Director effective July 1, 2026.
- Board re-constitutes Audit, Nomination & Remuneration, and Risk Management Committees.
Price Impact
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