Rane Madras - Outcome of AGM

Rane Madras Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on July 21, 2009, inter alia, have accorded the following:

1. Adopted the Audited Balance Sheet as at March 31, 2009 and Profit & Loss account for the year ended March 31, 2009 together with the report of the Directors and Auditors.

2. Re-appointed Mr. L Lakshman and Mr. R Natarajan as directors of the Company.

3. Re-appointed M/s. Price Waterhouse & Co., Chartered Accountants as Auditors of the
Company to hold office from the conclusion of this AGM until the conclusion of the next
AGM on a remuneration as may be determined by the Board of Directors of the
Company.

4. Appointed Mr. M Lakshminarayan as Director of the Company.