Rane Engine Valve Limited announced that it may be recalled that the Board of Directors of the Company at their Meeting held on October 31, 2023 had appointed Mr. Vikram Hosangady as an Additional Director in the category of Non-Executive and Non-Independent Director, subject to approval of shareholders of the Company. The shareholders have vide postal ballot on December 07, 2023 approved by passing ordinary resolution the appointment of Mr. Vikram Hosangady, as Non-Executive and Non-Independent Director. Mr. Vikram Hosangady is a seasoned business leader and a finance professional with over 26 years of experience as a strategic partner to global Private Equity and Corporations in their value creation journey.

He presently serves on the Board of MRF Limited as an Independent Director and Non-Executive and Non-Independent Director on the Board of Rane (Madras) Limited and Chemplast Sanmar Limited. Date of appointment is October 31, 2023.