RANE HOLDINGS LTD.

Rane Steering Systems Private Limited, a wholly-owned subsidiary of Rane Holdings Limited, has received Show Cause Notices from the Assistant Commissioner (ST), Chennai. The notices relate to claims of ineligible Input Tax Credit (ITC) under Section 17(5) of the GST Act, 2017, for the financial years 2022-23 and 2023-24. The potential financial implication, including a penalty of Rs. 0.92 Crores, amounts to Rs. 10.07 Crores. RSSL, in consultation with its advisors, will file a suitable reply within the prescribed timelines.

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.

Rane Holdings Ltd announced its un-audited financial results for the quarter ended June 30, 2026. The company reported a standalone profit after tax of ₹953 Lakhs, a significant increase from ₹681 Lakhs in the same quarter last year. Consolidated profit after tax stood at ₹4,827 Lakhs for the quarter. The Board of Directors also approved these results based on the Audit Committee's recommendations. The financial results, along with the Limited Review Report from B S R & Co., LLP, have been submitted to the stock exchanges and will be uploaded on the company's website.

On a consolidated basis (primary), Rane Holdings posted revenue of ₹1,586.9 Cr, up 18.4% YoY from ₹1,340.8 Cr, though down 1.4% QoQ from Q4 FY26's ₹1,608.7 Cr. Reported PAT (including non-controlling interest) came in at ₹48.3 Cr, down 16.0% YoY (₹57.5 Cr) and 44.9% QoQ (₹87.5 Cr) — a headline decline despite the strong topline print. The YoY profit fall is a base-effect story, not an operating one: pre-exceptional, pre-tax profit (₹58.1 Cr) actually rose 21.5% YoY from ₹47.8 Cr. What pulled reported PAT down was (1) a much smaller exceptional gain this quarter — ₹2.5 Cr from a warranty-provision reversal/insurance settlement — versus ₹15.46 Cr a year ago (VRS costs, a larger warranty reversal, and a land-sale gain), and (2) the effective tax rate jumping to 20.3% from 9.1% YoY. Stripping exceptional items from both periods, adjusted PAT grew ~8.9% YoY (₹45.8 Cr vs ₹42.0 Cr) — positive, but trailing the 18.4% revenue growth, so underlying margins still compressed: NPM eased to 3.0% from 4.3% YoY (5.4% in Q4 FY26), and EBITDA margin to roughly 7.4% from ~8.0% YoY. No formal analyst consensus could be found specifically for Rane Holdings' consolidated Q1 FY27 print — web searches surfaced estimates only for subsidiary Rane (Madras)'s standalone filing, not the holding company — so vsStreet is unknown. Management's FY27 guidance from the Q4 FY26 call (double-digit margins for Rane Madras, debt-to-equity toward 0.5, 9-10% ZF JV volume growth) can't be directly verified from this holdco-level statement, which doesn't break out those segment metrics; no company press release accompanied this filing either, so this read rests on the reported numbers and prior-quarter guidance alone. One soft positive: JV/associate profit share rose 23.4% YoY to ₹15.6 Cr (though down 40% QoQ from Q4's ₹26.0 Cr), broadly consistent with the guided JV growth. Separately, Rane Madras — the group's largest operating unit — reported standalone PAT +63% YoY on 18.3% revenue growth in its own Q1 FY27 filing, tracking closely with the consolidated group's topline. This quarter also saw RML sign a ₹370 Cr slump-sale to acquire Hindustan Composites' friction business (pending approvals, no P&L impact yet), receipt of ₹10 Cr in warrant subscription money ahead of a 30 July 2026 allotment to the promoter group, and two Rane Steering Systems tax notices (a ₹7.46 Cr order and an ₹11.88 Cr show-cause) that sit outside this quarter's P&L. Standalone (holdco-only) PAT of ₹9.5 Cr rose 39.9% YoY on higher other income — a reminder that standalone reflects only investment/management-fee income, not the group's operating business, and should not be read as a proxy for consolidated performance. Going into Q2 FY27, the read-through is: watch whether the elevated tax rate persists, whether the ZF JV's warranty-provision matter (still under negotiation) stays contained, and how the Hindustan Composites acquisition affects RML's numbers once it closes.

Rane Holdings Ltd has announced the preferential allotment of 3,38,030 convertible warrants to members of its Promoter/Promoter Group. Each warrant has a face value of ₹10 and is convertible into one equity share of ₹10 face value. The allotment was made for cash, with 25% of the issue price (₹295.83 per warrant) paid upfront. The total issue price per equity share is ₹1,183.32. These warrants are convertible in tranches within 18 months from the allotment date upon payment of the remaining 75% issue price.

Rane Holdings Ltd has received 'in-principle' approval from BSE and NSE for a preferential issue of 3,38,030 convertible warrants to promoters. This follows prior board and shareholder approvals. The warrants are convertible into equity shares at a price not less than Rs. 1183.32 each. The approval is conditional on compliance with SEBI regulations, including obtaining undertakings from allottees to prevent intra-day trading and ensuring strengthened internal controls. The company must also comply with post-allotment listing formalities within twenty days of allotment.

Rane Steering Systems Private Limited (RSSL), a wholly owned subsidiary of Rane Holdings Ltd, has received an order from the Deputy Commissioner (CT), Chennai (South). The order pertains to an appeal filed by RSSL under the TNGST Act, 2017. The authority partly allowed, partly dismissed, and partly modified the appeal. Key matters dismissed relate to tax liability on reverse and forward charge mechanisms and availing Input Tax Credit (ITC) on trade payables for the Financial Year 2019-20. The total financial implication, including a penalty of ₹0.38 Crores, amounts to ₹7.46 Crores. RSSL plans to file an appeal against this order.

Rane Holdings Ltd announced that its wholly-owned subsidiary, Rane Steering Systems Private Limited (RSSL), has received a Show Cause Notice from the Assistant Commissioner (ST), Chennai. The notice pertains to differences between GSTR-2A and GSTR-3B filings, credit notes issued, and exempted/nil-rated supplies for the Financial Year 2022-23. The potential financial implication is ₹11.88 Crores, including a penalty of ₹1.07 Crores. RSSL, with tax advisors, will file a suitable reply within the prescribed timelines.

Rane Holdings Ltd has announced that its 90th Annual General Meeting (AGM) will be held on Thursday, August 13, 2026, at 15:00 IST. The meeting will be conducted through Video Conference (VC) / Other Audio Visual Means (OAVM). Central Depository Services (India) Limited (CDSL) has been engaged for e-voting services and VC/OAVM facility. The cut-off date for e-voting eligibility is August 6, 2026, with e-voting commencing on August 10 and concluding on August 12, 2026. The agenda includes adopting the Audited Financial Statements for FY 2025-26, declaring a dividend of ₹47 per equity share, re-appointing Mr. Harish Lakshman as a Director, and appointing Mr. Ramesh Rajan Natarajan as an Independent Director.

Rane Holdings Ltd has released its Annual Report for FY 2025-26, which is being sent to shareholders. The report includes detailed financial highlights, corporate information, management reports, and standalone and consolidated financial statements. The company's 90th Annual General Meeting (AGM) is scheduled for August 13, 2026, to be held via Video Conference (VC) / Other Audio Visual Means (OAVM). E-voting facilities will be provided by CDSL, with the cut-off date for eligibility on August 6, 2026, and e-voting open from August 10 to August 12, 2026. The report is also available on the company's website.