Rane Holdings Limited announced retirement of Mr. L Lakshman as Non-Executive Director with effect from May 27, 2021. The company also approved the appointment of Mr. L Lakshman as Chairman Emeritus with effect from May 28, 2021. Mr. L. Lakshman has been associated with the Rane Group of companies for over five decades after joining as Trainee in 1970. He served in various capacities on the board of Rane Group companies since 1992. He retired as Chairman of the operating companies of the group in October 2006. He served as an Executive Chairman of RHL till March 31, 2017.