Rane (Madras) Limited announced that Mr. D Sunder, President -- Light Metal Casting India Division (LMCI) (Senior Management), is retiring in accordance with policy of the Company, effective closure of business hours
on October 31, 2023. As part of the succession planning, Mr. Aditya Ganesh, Strategy Head of Steering and Linkage Division, has transitioned into the role as President -- LMCI effective from July 1, 2023 based on approval of the shareholders at the 19th Annual General Meeting held on July 26, 2023.