Rane Brake Lining has informed that the Board of Directors of the Company at its meeting held on July 20, 2015, has approved the Retirement of P S Rao as Manager of the Company with effect from September 30, 2015 and Appointment of Vinay Lakshman as Managing Director of the Company with effect from October 01, 2015, as per the recommendations of Nomination and Remuneration Committee.
The above information is a part of company’s filings submitted to BSE.