Rane Engine Valve Limited announced the appointment of Ms. Vasudha Sundararaman as an Additional Director in the category of Non-Executive and Independent Director. Note that Ms. Vasudha Sundararaman is appointed in the capacity of Independent Director, which is not subject to liable to retire by rotation. The appointment is effective from May 04, 2023.

The term of appointment of 'additional director', is till the conclusion of the forthcoming general meeting of the Company. The appointment as independent Director is for a period of 5 years w.e.f. May 04, 2023, subject to approval of shareholders. Vasudha Sundararaman holds a B.Sc (Zoology) from Stella Mans College, Chennai, M.Sc (Zoology) from Madras University and is a Certified Associate of Indian Institute of Bankers.

She holds 35 years of professional experience and retired as Chief General Manager of State Bank of India (SBI). She also served as the MD & CEO of SBI Global Securities Services Private Limited, a SBI subsidiary company. She was actively involved in implementation of Business Process Re-engineering projects of the bank in the Retail Loan Processing and played leadership role in designing and implementing a novel HR project in the Bank, aimed at impacting the individuals of the Bank.

She is also presently on the Board of Cholamandalam Financial Holdings Limited and Rane (Madras) Limited as an Independent Director.