Rane Holdings Limited, a prominent player in the automotive industry, has announced the re-appointment of Mr. Ganesh Lakshminarayan as Chairman & Managing Director (CMD) of the company. The decision was made at the Board of Directors' meeting held on February 06, 2025, and is subject to the approval of the shareholders through a Postal Ballot. Mr. Lakshminarayan's re-appointment will be effective from April 01, 2025, and will run until March 31, 2029.

Mr. Ganesh Lakshminarayan has over 48 years of experience in industrial management and has been an integral part of the Rane Group. He has held numerous prestigious positions, including serving as the President of the Automotive Component Manufacturers Association of India and Chairman of the Confederation of Indian Industry for the Southern Region. His leadership has been influential in steering several significant initiatives in India’s automotive sector.

In addition to his role at Rane Holdings, Mr. Lakshminarayan serves as an honorary consul for New Zealand in South India. He is also a Non-Executive Director in various Rane Group companies and holds the position of Independent Director on the Board of Sundaram Finance Limited. His vast industry experience and strategic insights have been vital to Rane Holdings’ continued growth and expansion.

The re-appointment is subject to shareholder approval through a Postal Ballot, and it reflects the company's ongoing commitment to maintaining strong leadership. The shareholders will have the opportunity to approve or disapprove the re-appointment as Chairman and Managing Director for the upcoming term.

The announcement also confirms that Mr. Lakshminarayan is not debarred from holding the office by any authority, and the company is in full compliance with SEBI regulations related to such appointments, as per SEBI Circulars dated June 14, 2018, and June 20, 2018.

Rane Holdings has seen substantial growth under his leadership and is poised for continued success. His re-appointment further strengthens the company’s leadership, ensuring a stable trajectory for Rane Holdings and the Rane Group as a whole.

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