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

Jan 7, 2021

Regisferecl Offir;e " Maithri " 132, Cathedral Roacl, Chennai 600 086. lndia. CIN : L65993TN2004PLC0528s6 'r^ uRt

' 91 44 ?811 2472 : www.ranegroup.corït

Rane (Madras) Limited

//Online Submission//

RML/SE/51/2020-21

January 07,2021

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Dear Sir / Madam,

Sub: Conversion of Warrants & Allotment of Equity Shares

Ref: our letter no(s). RML/SE/49/2019-20 dated December 18, 2019 and RML/SE/60/2019-20 dated March 23,2020.

The issue and allotment of committee of the board of directors of the Company at their meeting held today has allotted 11,61,440 equity shares of face value of Rs.10Ê each, as fully paid-up pursuant to exercise of entire balance outstanding 11,61,440 warrants oulof 17,42,160 warrants allotted by RML on December 18, 2019, on preferential basis to Rane Holdings Limited (holding Company). The allotment has been made for cash, upon receipt of entire balance o1 73% of issue price i.e., Rs. 25'00,00,000.00 (warrant exercise price). These equity shares now allotted, shall rank paripass¿i in all respects with the existing equity shares, including dividend, if any.

The details required under Regulation 30 of SEBI (Listing Obligations and Disclosure) Requirements) Regulations,2015 read with SEBI circular No. CIR/ CFD/CMD/4/201S dated September 09, 2015 is enclosed in Annexure- A. We request you to take the above on record and note the compliance under above referred regulations of SEBI LODR.

Thanking you,

) Limited Encl: a/a .a-, a Shree

Rane (Madras) Limited

Continuation sheet

Annexure A to letter ref :RML/SE lS1lZ02O-21

Conversion of Warrants & Allotment of Equity Shares

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