RANE (MADRAS) LTD.

Rane (Madras) Ltd has completed the sale of a surplus land parcel measuring 3.48 acres located in Velachery, Chennai. The transaction, following an Agreement to Sell with Canopy Living LLP, involved the transfer of possession and recording of the sale. The total consideration for the land is ₹361.18 crores. The company has already received ₹200 crores of this amount, with the balance to be received as per the agreement terms. This sale is a divestment of a property asset.

Rane (Madras) Ltd has announced that its trading window will be closed from September 30, 2026, to November 05, 2026, inclusive. This closure is in accordance with the company's Insider Code and is for the purpose of considering and approving the Unaudited Financial Results (Standalone & Consolidated) for the quarter and half-year ending September 30, 2026. A Board of Directors meeting is scheduled for November 03, 2026, to review these financial results. The closure applies to Promoters, Directors, connected persons, and designated employees.

Rane (Madras) Ltd has announced that its Board of Directors will convene on November 3, 2026, to consider and approve the Unaudited Financial Results for the quarter and half-year ending September 30, 2026. The results will be presented on both a standalone and consolidated basis. Concurrently, the company has implemented a trading window closure for its promoters, directors, connected persons, and designated employees from September 30, 2026, to November 5, 2026, to prevent insider trading during the financial results announcement period.

Rane (Madras) Ltd has responded to a clarification request from BSE regarding a recent spurt in trading volume. The company stated that it has no comments to offer on the matter. Rane (Madras) Ltd affirmed that it has been promptly disclosing all material events and information to the stock exchanges and that there are no impending announcements requiring disclosure under SEBI (LODR) Regulations 2015. The company requested acknowledgment of receipt of their clarification.

Rane (Madras) Limited (RML) has successfully completed the acquisition of the friction business of Hindustan Composites Limited (HCL) on a slump sale basis. The transaction, initially announced via a Business Transfer Agreement (BTA) on June 30, 2026, has now closed following the fulfillment of all conditions precedent and customary closing conditions. HCL's friction business will be integrated into RML's existing Brake Components Business. This acquisition is expected to enhance RML's leadership in the friction sector and is projected to be Earnings Per Share (EPS) accretive from the first year, while also creating opportunities for revenue and operational synergies. The integration will be phased to maximize value for stakeholders.

Rane (Madras) Ltd has announced the appointment of Mr. Pawan Kumar Choudhary as Senior Managerial Personnel (SMP) effective August 20, 2026. This appointment follows the recommendations of the Nomination and Remuneration Committee and approval by the Board of Directors. Mr. Choudhary, a Chartered Accountant and Company Secretary with over 45 years of experience, will serve as President — Compo Division. His tenure is set from August 20, 2026, to August 31, 2027. The appointment is linked to the Business Transfer Agreement for the acquisition of Hindustan Composites Limited's friction business.

Rane (Madras) Limited (RML) has successfully completed the acquisition of the friction business of Hindustan Composites Limited (HCL) on August 20, 2026. The transaction, based on a Business Transfer Agreement signed on June 30, 2026, was finalized after fulfilling all conditions precedent and customary closing conditions. HCL's friction business will be integrated into RML's Brake Components Business, aiming to strengthen RML's market leadership. The integration is planned in a phased manner to maximize customer and stakeholder value, drive operational synergies, and leverage complementary strengths. RML anticipates this acquisition to be Earnings Per Share (EPS) accretive from the first year, creating further opportunities for revenue and operational synergies.

Rane (Madras) Limited announced its consolidated financial results for Q1 FY27, reporting a significant year-on-year increase in key financial metrics. Revenue grew by 18.8% to ₹1,050.6 Crores, driven by strong performance in both domestic and international markets. Sales to domestic OE customers increased by 13%, while international sales rose by 24%. The company also saw a substantial 62.5% jump in Profit After Tax (PAT) to ₹30.1 Crores, compared to ₹18.5 Crores in Q1 FY26. EBITDA also saw a healthy increase of 22.0% to ₹95.8 Crores, with EBITDA margin improving to 9.1%. The company also mentioned entering a Business Transfer Agreement to acquire the Friction Business of Hindustan Composites and secured new business with a lifetime value of ₹2,040 Crores.

Rane (Madras) Ltd announced its un-audited financial results for the first quarter of FY 2026-27 ended June 30, 2026. The Board of Directors approved the standalone and consolidated results, along with the Limited Review Report from M/s. BSR & Co., LLP. The company also approved the re-appointment of M/s. Jayaram & Associates as Cost Auditor for FY 2026-27. The results and an earnings release have been enclosed with the filing and will be uploaded on the company and stock exchange websites.

Rane Madras's Q1FY27 print was strong on both lines, matching management's own "resilient" framing in the earnings release. Consolidated PAT of ₹30.1 Cr grew 62.4% YoY, though the comparison flatters slightly: the year-ago quarter carried a ₹1.01 Cr voluntary-retirement exceptional charge that this quarter does not, so underlying growth is closer to ~56% YoY — still well ahead of the 18.8% revenue growth, pointing to genuine operating leverage rather than a one-off. There is no third-party consensus estimate on record for this quarter to grade the print against, so a formal beat/miss call isn't possible here. The margin story sits on the EBITDA line: EBITDA rose 22% YoY to ₹95.8 Cr and the margin expanded 24bps to 9.1%, which management attributes to operational initiatives and better fixed-cost absorption offsetting input-cost inflation tied to the West Asian crisis. That expansion is YoY only — sequentially the margin was essentially flat against Q4FY26's 9.12%, and PAT actually fell 18.6% QoQ from ₹37.0 Cr, a normalization off a stronger Q4 rather than a deterioration. Standalone results ran hotter than consolidated (PAT +71.7% YoY to ₹32.15 Cr vs consolidated's +62.4%), with the gap explained by the ₹2.30 Cr net loss booked at two small, unreviewed overseas subsidiaries this quarter. Against the optimistic FY27 outlook management laid out on the May 2026 call — double-digit EBITDA margins, debt-to-equity trending to 0.5, and strong export growth — this quarter is directionally on track but not fully there: exports grew 24% YoY, validating that specific call-out, while the 9.1% margin is progressing toward, but still short of, the double-digit full-year target with three quarters to go. The quarter also carried two corporate actions tied to the growth story: the Board approved a Business Transfer Agreement to acquire Hindustan Composites' friction business for an enterprise value of ₹370 Cr (targeted to close by end of Q2FY27, no impact on this quarter's numbers), and the company secured new business wins worth ~₹2,040 Cr in lifetime value, alongside ₹76.2 Cr of capex into steering/linkages and brake components that tracks management's ₹240-250 Cr (Rane Madras) plus ₹50 Cr (Rane Steering) full-year capex guidance. Going into Q2FY27, the two things to track are the friction-business acquisition close and its effect on the balance sheet and margin mix, and whether EBITDA margin closes the remaining ~90bps gap to management's double-digit target as the year progresses.