RANE HOLDINGS LTD. - Announcement under Regulation 30 (LODR)-Change in Management

The Board of Directors have, inter-alia, approved: (i) Appointment of M M Murugappan (DIN: 00170478) as an Independent Director effective August 02, 2024 for a first term of 5 consecutive years, subject to approval of shareholders. (ii) Re-appointment of Pradip Kumar Bishnoi (DIN:00732640) w.e.f. August 02, 2024 as an Independent Director effective August 02, 2024 for second term commencing from August 02, 2024 to July 01, 2026 subject to approval of shareholders. (iii) Cessation of MAP Sridhar Kumar as Chief Financial Officer effective June 30, 2024 and appointment of J Ananth as Chief Financial Officer effective July 01, 2024.