Rane Engine Valve has informed that the Board of Directors of the Company at its meeting held on January 25, 2022 (today), considered and approved fund raising plan including by way of issuance of equity shares and / or convertible securities (warrants) to the Promoter / Promoter group up to Rs. 15 crores on preferential basis and matters connected thereto. In this regard, the Board has authorized the Finance committee of the Board, for all matters connected / incidental to the aforementioned fund raising plans including issuance/allotment, fixation of the relevant date as per SEBI ICDR Regulations, pricing for the securities proposed to be issued etc. The meeting of the Board commenced at 10 : 53 hrs (IST) and concluded at 12 : 19 hrs (IST).
The above information is a part of company’s filings submitted to BSE.
