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For the purpose of determining the Membership in Audit Committee / Stakeholders' Relationship Committee, all Public Limited Companies, whether listed or not, included debt listed, have been considered. 2. The number of membership in Audit and Stakeholders' Relationship Committee includes positions held as Chairperson. 3. Mr.Harish Lakshman (DIN:00012602), Chairman was appointed by the shareholders as Managing Director w.e.f. April 01, 2025 for a term of 5 years up to March 31, 2030. He was re-appointed pursuant to retirement by rotation by the Shareholders at their 21st Annual General Meeting held on August 05, 2025. Hence, the latest date of re-appointment is mentioned as August 05, 2025. 4. Mr.Ganesh Lakshminarayan (DIN:00012583) was re-appointed pursuant to retirement by rotation by the Shareholders at their 20th Annual General Meeting held on July 24, 2024. Hence, the date of re-appointment is mentioned as July 24, 2024. 5. Initial date of appointment of Mr.Vikram Taranath Hosangady (DIN:09757469) i.e. 16-03-2023 refers to his date of appointment as Non-Executive Non-Independent Director. He was subsequently appointed by the shareholders as a Non-Executive Independent Director w.e.f. May 28, 2025. Therefore, the tenure of director (in months) represents his completed tenure as an independent director.truetrueMrHARISH LAKSHMAN******00012602Executive DirectorChairperson related to PromoterMD1974-02-12falseActiveNA2004-03-312025-08-055331MrGANESH LAKSHMINARAYAN******00012583Non-Executive - Non Independent DirectorNot Applicable1954-03-18falseActiveNA2004-03-312024-07-243152MrPRADIP KUMAR BISHNOI******00732640Non-Executive - Independent DirectorNot Applicable1951-07-03falseActiveNA2016-10-242021-07-20113.84471MrN RAMESH RAJAN******01628318Non-Executive - Independent DirectorNot Applicable1957-07-05falseActiveNA2021-05-212021-05-2158.113343MrsVASUDHA SUNDARARAMAN******06609400Non-Executive - Independent DirectorNot Applicable1957-11-10falseActiveNA2022-06-292022-06-2945.32220MrVIKRAM TARANATH HOSANGADY******09757469Non-Executive - Independent DirectorNot Applicable1973-09-03falseActiveNA2023-03-162025-05-2810.45552truetruetruetruetrueAudit Committee01628318N RAMESH RAJANNon-Executive - Independent DirectorChairperson2021-06-29Audit Committee00732640PRADIP KUMAR BISHNOINon-Executive - Independent DirectorMember2017-08-05Audit Committee00012583GANESH LAKSHMINARAYANNon-Executive - Non Independent DirectorMember2021-06-29Audit Committee06609400VASUDHA SUNDARARAMANNon-Executive - Independent DirectorMember2023-03-16Nomination and remuneration committee01628318N RAMESH RAJANNon-Executive - Independent DirectorChairperson2022-06-30Nomination and remuneration committee00732640PRADIP KUMAR BISHNOINon-Executive - Independent DirectorMember2023-03-16Nomination and remuneration committee00012583GANESH LAKSHMINARAYANNon-Executive - Non Independent DirectorMember2025-04-01Stakeholders Relationship Committee00012583GANESH LAKSHMINARAYANNon-Executive - Non Independent DirectorChairperson2025-04-01Stakeholders Relationship Committee01628318N RAMESH RAJANNon-Executive - Independent DirectorMember2021-06-29Stakeholders Relationship Committee00732640PRADIP KUMAR BISHNOINon-Executive - Independent DirectorMember2019-01-22Risk Management Committee00012602HARISH LAKSHMANExecutive DirectorChairperson2021-06-01Risk Management Committee00012583GANESH LAKSHMINARAYANNon-Executive - Non Independent DirectorMember2021-06-01Risk Management Committee01628318N RAMESH RAJANNon-Executive - Independent DirectorMember2024-02-15Corporate Social Responsibility Committee00012602HARISH LAKSHMANExecutive DirectorChairperson2021-06-29Corporate Social Responsibility Committee00012583GANESH LAKSHMINARAYANNon-Executive - Non Independent DirectorMember2014-03-20Corporate Social Responsibility Committee06609400VASUDHA SUNDARARAMANNon-Executive - Independent DirectorMember2023-03-162025-11-04true6642026-02-0491true6642026-03-2043true664Audit Committee2025-11-04true4430Audit Committee2026-02-0491true4430Nomination and remuneration committee2026-02-04true3320Nomination and remuneration committee2026-03-20true3320Risk Management Committee2025-10-09true3310Risk Management Committee2026-03-20true3310truetruetruetrueYestruetruetrueThe report of previous quarter ended December 31, 2025 was placed before the Board at their meeting held on February 04, 2026. The report for the quarter ended March 31, 2026 will be placed at the ensuing Board meeting.S Subha ShreeCompany SecretaryYeshttps://ranegroup.com/rml-steering-and-linkage-business/Yeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5Yeshttps://ranegroup.com/investors/rane-madras-limited-2/#RML_BODYeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5Yeshttps://ranegroup.com/investors/rane-madras-limited-2/#RML_Board_CommitteeYeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5Yeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5Yeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5Yeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5Yeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5Yeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5Yeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-con-1Yeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-con-1Yeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-fin-3Yeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-2NAYeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-inv-1Yeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-inv-1NAYeshttps://ranegroup.com/investors/rane-madras-limited-2/#rml-inf-stkYeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-fin-5Yeshttps://ranegroup.com/subsidiary-company/Yeshttps://ranegroup.com/wp-content/uploads/2025/05/RML_ASCR_May2025_SD.pdfYeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5Yeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5Yeshttps://ranegroup.com/investors/rane-madras-limited-2/#rml-inf-stkNAYeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5Yeshttps://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-7NAYeshttps://ranegroup.com/investors/rane-madras-limited-2/Yeshttps://ranegroup.com/investors/rane-madras-limited-2/YesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesNAYesNAYesNAYesYesYesYesYesYesNAYesYesYesNANAS Subha ShreeCompany SecretaryYesThere are no material subsidiaries for the Company as on March 31, 2026.S Subha ShreeCompany SecretaryfalseS Subha ShreeCompany SecretaryChennai2026-04-2300000Deputy commissioner (ST), Commercial Tax Department, Sanga Reddy 2 circle, Nizamabad DivisionOrder levying penalty under Section 73(9) of CGST/TGST Act, 20172025-10-20Under declaration of Ineligible ITC for FY 2018-19Original order was passed on October 20, 2025. Tax demand of Rs.59,204/-, Penalty of Rs.20,000/- was paid by the Company on March 24, 2026Deputy commissioner (ST), Commercial Tax Department, Sanga Reddy 2 circle, Nizamabad DivisionOrder levying interest under Section 50 & penalty under Section 73(9) of TGST Act, 20172025-12-12Availment of excess SGST transitional credit for FY 2017-18Original order was passed on December 12, 2025. SGST tax demand of Rs.3,75,210/- along with Penalty of Rs.37,521/- and applicable interest was paid by the Company on March 24, 2026.Deputy commissioner (ST), Commercial Tax Department, Sanga Reddy 2 circle, Nizamabad DivisionOrder levying interest under Section 50 & penalty under Section 73(9) of CGST / TGST Act, 20172025-12-29FY 2021-22 1) Under declaration of tax liability declared in GSTR-3B as compared to GSTR-1. 2) Requirement to pay tax for cess ITC availed duing the financial year 3) Short payment of tax due to under-reporting in GSTR 3B 4) Availing ineligible ITCOriginal order was passed on December 29, 2025. Tax demand of Rs.4,26,133/-, Interest 2,80,731 & Penalty of Rs.57,979/- was paid by the Company on March 28, 2026.Assistant Commissioner, Department of Commercial Taxes, Guindy Assessment CircleOrder levying interest under Section 50 & penalty under Section 73(9) of CGST / TNGST Act, 20172025-12-29FY 2021-22 1) Non-payment of interest on 180 days reversal on trade payables 2) ITC claimed from cancelled dealers, return defaulters & tax non payersOriginal order was passed on December 29, 2025. Tax demand of Rs.9,458/-, Interest 14,952 & Penalty of Rs.20,000/- was paid by the Company on January 07, 2026.National Faceless Assessment CentrePenalty under Section 271(1)(c) of the Income Tax Act, 19612026-03-18For AY 2014-15, in connection with sale of property, the difference between stamp value and sale consideration amounting to Rs.0.96 Crores has been added back as the income of the assesseeTax demand of Rs.0.30 Crores with penalty. However, the Company proposes to file appeal before Commissioner of Income Tax (Appeals) / National Faceless Assessment Centre (NFAC).Deputy Commissioner of Income Tax, Large Tax Payer Unit, Chennai2010-12-24Company: Rane (Madras) Limited Period: AY 2008-09 Brief Description of the Dispute: Disallowance of commission paid, purchase of castings/forgings, Capital Gains under Sec. 54G, MTM loss and logistics services and support charges Current Status: Company has filed appeal before Commission of Income Tax (Appeals) Disputed amount: Rs.6.46 CroresNo change in status. Appeal is pending.Deputy Commissioner of Income Tax, Large Tax Payer Unit-2, Chennai2016-12-28Company: Rane (Madras) Limited Period: AY 2014-15 Brief Description of the Dispute: Disallowance of deduction claimed under section 80-IC, additional depreciation, Marketing services, warehousing & logistic services, deduction u/s 352AB, depreciation on goodwill Current Status: Company has filed appeal before Commission of Income Tax (Appeals) Disputed amount: Rs.2.03 CroresNo change in status. Appeal is pending.Assistant Commissioner of Income Tax, Circle-2, Large Tax Payer Unit, Chennai2018-02-06Company: Rane (Madras) Limited Period: AY 2016-17 Brief Description of the Dispute: Disallowance of deduction claimed under Marketing services, warehousing & logistic services, deduction u/s 352AB, depreciation on goodwill Current Status: Company has filed appeal before Commission of Income Tax (Appeals) Disputed amount: Rs.2.13 CroresNo change in status. Appeal is pending.Additional / Joint / Deputy / Assistant Commissioner of Income Tax / Income-tax Officer, National e-Assessment Centre, Delhi2021-06-02Company: Rane (Madras) Limited Period: AY 2017-18 Brief Description of the Dispute: Disallowance of deduction claimed under Marketing services, warehousing & logistic services, corporate guarantee commission, depreciation on goodwill Current Status: Company has filed appeal before Commission of Income Tax (Appeals) Disputed amount: Rs.2.37 CroresThe Company attended the hearing during the previous quarter. Appeal is pending with Commission of Income Tax (Appeals).Additional / Joint / Deputy / Assistant Commissioner of Income Tax / Income-tax Officer, National e-Assessment Centre, Delhi2023-05-25Company: Rane (Madras) Limited Period: AY 2020-21 Brief Description of the Dispute: TP adjustment - corporate guarantee commission, deduction u/s 352AB, depreciation on goodwill Current Status: Appeal pending before Commission of Income Tax (Appeals) Disputed amount: Rs.2.64 CroresThe Company attended the hearing during the previous quarter. Appeal is pending with Commission of Income Tax (Appeals).Income Tax Department2023-06-14Company: erstwhile Rane Engine Valve Limited Period: AY 2015-16. Brief Description of the Dispute: Re-assessment order was passed adding Rs.7.27 Crs to Income due to incomplete documentary evidence. Current Status: Appeal pending before National Faceless Appellate Center(NFAC). Disputed amount: Rs.0.64 Crores.NFAC has sought additional documents. The Company is in process of submitting suitable reply.Income tax department (National Faceless Assessment Centre)2023-01-13Company: erstwhile Rane Brake Lining Limited Period: AY 2021-22 Brief Description of the Dispute: Classification of expenditure into revenue and capital, applicability of withholding tax on payments made to foreign entities. Current Status: Company has filed an appeal before National Faceless Appeal Centre (NFAC) Disputed amount: Rs.3.45 CroresNo change in status. Order awaited.Additional Commissioner, Office of the Commissioner of GST & Central Excise, Chennai South Commissionerate, Tamilnadu2025-03-20Company: erstwhile Rane Brake Lining Limited Period: 15.11.2017 to 30.06.2018 Brief Description of the Dispute: Alleging wrong classification of goods resulting in short payment of GST amounting to Rs.19.35 Crs for the period 15.11.2017 to 30.06.2018. The differential tax was paid subsequently on March 15, 2019 under protest. Writ petition filed in The Hon'ble Madras High court on March 20, 2025. Current Status: Hon'ble Madras High court granted stay on April 15, 2025 and asked department to file the response.No change in status. Order awaited.Additional Commissioner, Office of the Commissioner of Central Tax and Central Excise, Audit- I Commissionerate, Chennai2025-06-30Period: 2018-19 to 2023-24 Order received for excess / wrong availment of ITC, Short payment of Tax, ITC availed on blocked credit, other miscellaneous relating to Job work procedure, applicability of RCM etc. against Show Cause Notice of Rs.22.64 crores. Disputed amount: Rs.12.23 CroresThe Company has filed the appeal before the Commissioner Appeals, Chennai on March 27, 2026. Awaiting Personal Hearing.Principal Commissioner of CGST and Central Excise, Chennai North2025-09-30Period: April 2021 – March 2022 Order received for an amount of Rs.0.39 crores towards non reversal of ITC on ineligible credits and short payment of tax against Show Cause notice towards Rs.2.39 croresThe Company has filed the appeal before the Commissioner Appeals, Chennai on March 30, 2026. Awaiting Personal Hearing.Principal Commissioner of Income Tax - 4, Chennai2026-01-09Period: AY 2020-21. Brief Description of Dispute: The Company received Show Cause Notice (SCN) in connection with initiation of revisionary assessment proceedings for the . The SCN has proposed for considering the Trademark fee of Rs.5.12 crores paid to Rane Holdings Limited as capital expenditure and to disallow Defined Benefit Plan of Rs.2.49 crores claimed as deduction in the return of income. Disputed amount: Total value of disallowances proposed - Rs.7.61 crores having a tax impact of Rs.2.66 crores.The company has received a revisionary order on February 27, 2026, partially setting aside the previous order with a direction to the Assessing Officer to make necessary enquiries and pass fresh orders: i) in respect of Trademark fees, the PCIT has directed the AO to consider the position taken in other group entities and check on the allowability of the same. ii) in respect of Defined Benefit Plan, the PCIT has accepted the submission and has directed the AO to verify and allow the same. The Company is awaiting the order from AO and will support in providing necessary clarification and justification for allowability of Trademark fees expenditure and Defined Benefit Plan.Assessment Unit, National Faceless Assessment Centre, Income Tax Department2026-02-20Period: AY 2023-24. Brief Description of Dispute: Show Cause notice received towards disallowance of Rs.24.01 crores relating to treatment of gain arising from derivative assets and trademark fee expenditure. Further, the Company had also received a Transfer Pricing order under Section 92CA(3) of the Income Tax Act, 1961, whereby an upward adjustment of Rs.2.60 was proposed in connection with Stand By Letter of Credit (SBLC) Commission. Disputed amount: Rs.12.96 Crs with tax demand of Rs.3.12 Crores (excluding applicable penalty)The Authority while accepting Company submission on treatment of gain arising from derivative assets has disallowed the Trademark fee expenditure of Rs.10.37 crores paid to Rane Holdings Limited (owner of the trademark) for the use of trademark "Rane" as capital expenditure and has made an upward adjustment in relation to the SBLC commission of Rs.2.60 crores for AY 2023-24 vide its order made under Section 143(3) read with Section 144C of the Income Tax Act, 1961 dated March 27, 2026. The Company in the process of filing appeal before Commissioner of Income Tax Appeals.00000000000000000000000000000000All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company.trueB GnanasambandamCFOChennai2026-04-23