Rane (Madras) Ltd. — Capital/Financing Update 2020

Jan 21, 2020

ML/SEt57t2A19-20
	StockExchange
ListingCentre	NEAPS
Scripeode:532661	Symbol: RML

NameoflistedentityRane(Madras)LimitedCIN:L65993TN2004PLC052856ModeofFundRaisingPublic-lssues-i-Rig1116-Issues-/PreferentialIssues/QIP/Other&DateofRaisingFundsPreferentialissuewasapprovedbymembersoftheCompanyattheirExtraordinaryGeneralMeetingheldonDecember09,2019.Rs.12,50,00,000(RupeesTwelveCroresandfiftylakhsonly),being25%oftheissueprice(i.ewarrantsubscriptionprice)wasreceivedonDecember17,2019.AmountRaisedPreferentialIssue:Rs.50,00,00,000(IndianRupeesFiftyCroresonly)AmountraisedasatDecember31,2019:Rs.12,50,00,000(RupeesTwelveCroresandfiftylakhsonly)being25%oftheissueprice(i.ewarrantsubscriptionprice).ReportfiledforQuarterendedDecember31,2019MonitoringAgencyAppliGabi-e4NotapplicableMonitoringAgencyName,ifapplicableNAIsthereaDeviation/VariationinuseoffundsraisedYes/NoIfyes,whetherthesameispursuanttochangeintermsofacontractorobjects,whichwasapprovedbytheshareholdersNAIfYes,DateofshareholderApprovalNAExplanationfortheDeviation/VariationNACommentsoftheAuditCommitteeafterreviewThereisnodeviation/variationintheutilizationoffundsagainstthestatedobjects.CommentsoftheAuditors,ifanyNAObjectsforwhichfundshavebeenraisedandwheretherehasbeenadeviation,inthefollowingtable:Tomeetthecurrentcapitalexpenditureplan,workingcapitalrequirements,includingthatofitsoverseasoperationsthroughitswhollyownedsubsidiary/iesandforimprovingthedebt-equitystructure.OriginalObjectModifiedObject,ifanyOriginalAllocationModifiedallocation,ifanyFundsUtilisedAmountofDeviation/VariationforthequarteraccordingRemarks,ifany	tedentity	Rane(Madras)Limited
	undRaisingisingFundsaiseddforQuarterended	CIN:L65993TN2004PLC052856
		Public-lssues-i-Rig1116-Issues-/PreferentialIssues/QIP/Other&
		PreferentialissuewasapprovedbymembersoftheCompanyattheirExtraordinarGeneralMeetingheldonDecember09,2019.	ye
		Rs.12,50,00,000(RupeesTwelveCroresandfiftylakhsonly),being25%ofth
		issueprice(i.ewarrantsubscriptionprice)wasreceivedonDecember17,2019.
		PreferentialIssue:Rs.50,00,00,000(IndianRupeesFiftyCroresonly)
		AmountraisedasatDecember31,2019:
		Rs.12,50,00,000(RupeesTwelveCroresandfiftylakhsonly)being25%oftheiiitbitii
		ssueprce(.ewarransuscrponprce).
		December31,2019
	Agency
		AppliGabi-e4Notapplicable
	AgencyName,ifapplicabeviation/Variationinuseetherthesameispurrmsofacontractorobjecedbytheshareholders ofshareholderApproval fortheDeviation/Variati oftheAuditCommitt	eNA
		offundsYes/No
		suantto
		ts,whichNA
		NA
		onNA
		eeafterThrindeviation/variationintheutilizationoffundsaainstthestatedobjects