It may be recalled that the Board of Directors of Rane (Madras) Limited at their Meeting held on March 16, 2023 had appointed Mr. Vikram Hosangady (DIN 09757469) as an Additional Director in the category of Non-Executive and Non-Independent Director, subject to approval of shareholders of the Company. The shareholders had on April 20, 2023 approved the appointment of Mr. Vikram Hosangady, as Non-Executive and Non-Independent Director vide postal ballot. Reason for change: Approval of shareholders as Non-Executive and Non-Independent Director.

Date of appointment is April 20, 2023. Mr. Vikram Hosangady holds a membership in Institute of Chartered Accountants of India, Institute of Cost Accountants of India and commerce degree from Loyola College, Chennai. He has been a seasoned business leader and finance professional with over 25 years of experience in being a strategic partner to global PEs and corporations.

He is an accomplished deal maker and trusted partner who has led over 200 marquee domestic and cross border transactions for PEs and strategic corporates. He is also on the Board of Directors of MRF Limited.