Updates on Outcome of AGM

• Security Code: 532661
• Company: RML

Rane (Madras) Ltd has informed BSE that the members at the 7th Annual General Meeting (AGM) of the Company held on July 19, 2011, inter alia, have transact to the following:

1. Adoption of the Audited Balance Sheet as at March 31, 2011, the Profit and Loss Account for the year ended March 31, 2011 together with the Reports of the Directors and the Auditors of the Company thereon.

2. Declaration of interim Dividend of Rs. 4.50 per equity share declared by the board of directors of the Company on January 21, 2011 on 10,164,145 equity shares of Rs. 10/- each fully paid, absorbing a sum of Rs. 53.34 million (including dividend distribution tax and cess thereon), paid to the shareholders in February 09, 2011 for the year ended March 31, 2011, be and is hereby approved.

Further Declaration of Final Dividend of Rs. 2.50 per equity share of Rs. 10 each on 10,164,145 equity shares for the year ended March 31, 2011.

3. Re-appointment of Mr. L Lakshman, as a Director of the Company, liable to retire by rotation.

4. Re-appointment of Mr. P. S. Kumar, as a Director of the Company, liable to retire by rotation.

5. Re-appointment of M/s. Price Waterhouse & Co., Chartered Accountants as the auditors of the Company to hold office from the conclusion of this Annual General Meeting (AGM) until the conclusion of the next Annual General Meeting (AGM) of the Company on remuneration, terms & conditions.

6. Re-appointed of Mr. Harish Lakshman, as Manager within the meaning of Section 2(24) of the Companies Act, 1956, for a period of three years, from April 01, 2011 to March 31, 2014, without remuneration, except sitting fees for attending the meetings of the Board / Committee as a director / member, as may be fixed by the Board from time to time.

7. Appointment of Mr. Aditya Ganesh, son of Mr. L Ganesh, son of Mr. L Ganesh, chairman as an employee of the Company, currently in the designation of 'Graduate Engineer Trainee' (GET) under the GET Scheme of the Company w.e.f. August 19, 2010, on remuneration, terms & conditions.