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 October 27, 2014, inter alia, has approved the following proposals, subject to the approval of the Shareholders of the Company by way of Special Resolutions through Postal Ballot (including evoting):<br/><br/>1. Adoption of new set of Articles of Association of the Company.<br/><br/>2. To mortgage / create charge(s) on assets of the Company under section 180(1)(a) and other applicable provisions of the Companies Act, 2013 and rules made thereunder in connection with the borrowings of the Company.