RANE (MADRAS) LTD. - Outcome of Board Meeting

Rane (Madras) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 21, 2015, inter alia, has transacted the following:<BR><BR>- The Board of directors has declared an interim dividend at the rate of 6.74% on the 82,32,164 fully paid-up cumulative redeemable preference shares of Rs. 10/- each amounting to Rs. 0.56 crores.<BR><BR>Further the Company has informed that, the office of Chief Executive Officer (CEO) held by Mr. S. Parthasarathy has been recognized as a Key Managerial Personnel, effective April 01, 2015, for the purpose of Section 203 of the Companies Act, 2013.