Rane Brake Lining Limited Announced shareholders at the 17th Annual General Meeting held on June 28, 2022, inter-alia, approved the following: Cessation of Mr. S Sandilya as an Independent Director. Cessation of Mr. Anil Kumar Venkat Epur as an Independent Director. Appointment of Mr. C N Srivatsan, as an Independent Director.

Appointment of Mr. Ashok Malhotra, as an Independent Director. Mr. C N Srivatsan is a Chartered Accountant and a Certified Information Systems Auditor (CISA). He has over 38 years of diverse experience in handling Indian and overseas assignments.

He is presently on the Board of Precot Limited. Mr. Ashok Malhotra holds a B. A and P.G. Diploma in Business Administration from IIM Ahmedabad and has over 50 years of experience in the field of management consultancy. He is presently on the Board of Etrans Solutions, Flame-Tao Knoware, Reflexive Lenses and Quinnergy Leadership.