Rane (Madras) Ltd. — Capital/Financing Update 2021

Nov 3, 2021

Registered Office Tel: 91 44 2811 2472 URL:www.ranegroup.com 132, Cathedral Road, Chennai 600 086,

India.

CIN: L65993TN2004PLC052856

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Rane (Madras) Limited

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//Online Submission//

RML/SE/ 39 /2021-22

November 03, 2021

BSE Limited National Stock Exchange of India Ltd. Listing Centre NEAPS Code No. 532661 Code : RML

Dear Sir / Madam,

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) Ref: Our letter(s) no. 34 & 35 dated October 11, 2021

This is further to our aforementioned letters intimating the acquisition of Steering and Components Division (SCD) of M / s . Yagachi Technologies Private Limited.

We hereby inform that in accordance with the Business Transfer Agreement (BTA) executed with M / s . Yagachi Technologies Private Limited, the Company has taken over possession of the assets under the BTA and paid the purchase consideration in cash except the retention money as per closing conditions.

We request you to take the above on record under the aforementioned regulations of SEBI LODR and acknowledge receipt.

Thanking you,

Yours faithfully, For Rane (Madras) Limited

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S Subha Shree Secretary