Rane Holdings Limited in its board meeting held on May 27, 2016, approved the resignation of Mr. Anil Kumar Nehru as Independent Director from the board. The board also approved the appointment of Dr. V Sumantran as Additional Director (Independent) on the board. Dr. V. Sumantran is the Chairman of Celeris Technologies and an advisor to several leading Fortune-100 organizations in autos, industrial equipment, defence and aerospace verticals. He is also a member on the Board of UCAL Fuel Systems Limited. Consequent to the above changes in the Directors, the Board has reconstituted its Committees by inducting Mr. Shujaat Khan as a member of the Audit Committee, Dr. V Sumantran as member of the Nomination & Remuneration Committee and Dr. (Ms.) Sheela Bhide as member of the Stakeholders Relationship Committee.