Rane (Madras) LimitedRMLNSEAutomobile and Auto Components

Scheme of Arrangement

23 Apr 2025 · 19:49 ISTM&AWatchMajor

What happened

Fact

Scheme of Arrangement. eligible shareholders of Rane Engine Valve Limited (`REVL') and Rane Brake Lining Limited. Management Services Private Limited for credit of shares in demat form with necessary.

Why it matters

CapitSignal interpretation

A merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.

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Fact

Swap ratio and its valuation basis
Regulatory and NCLT approvals required
Appointed date
It is expected to be completed by the end of the second quarter. (management committed by Q2 FY27)

Evidence

This is to inform that the Working Committee at their meeting held today i.e., April 23, 2025 have inter-alia approved allotment of 1,13,71,870 new equity shares of Rs.10/- each fully paid-up to eligible shareholders of REVL / RBL in accordance with the approved Share exchange ratio. The meeting of the Working Committee of Board commenced at 19:20 hrs (IST) and concluded at 19:40 hrs (IST).(opens the original filing in a new tab)

How CapitSignal classified this

Reasoning:: MERGER base 74; +5 quantified amount; matched on subject
Matched on:: the filing's own subject line
Confidence in the event type:: 75%

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