Rane Holdings has informed that the Finance Committee of the Board of Directors of the Company at their meeting held today, approved funding support to Rane Steering Systems (wholly owned subsidiary) by way of a short term inter-corporate loan of up to Rs 25 Crores (in one or more tranches). The meeting of the Finance Committee commenced at 13:30 hrs (IST) and concluded at 13:35 hrs (IST). The details in terms of Regulation 30 of SEBI LODR read with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed vide Annexure - A to this letter.
The above information is a part of company’s filings submitted to BSE.
