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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. 6. Mr. Pradip Kumar Bishnoi (DIN:00732640), ceased to be Independent Director as per the retirement policy of the Company, with effect from July 01, 2026 before attainment of 75 years. Hence, requirement to pass special resolution is not applicable. 7. Mr. Ramesh Rajan Natarajan (DIN:01628318) was re-appointed as an Independent Director for second term of five consecutive years from May 21, 2026 to May 20, 2031, Director by the Board of Directors at their meeting held on May 06, 2026. Hence, the date of re-appointment is mentioned as May 21, 2026. The re-appointment is subject to approval of shareholders of the Company at the ensuing Annual General Meeting. 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 Applicable1951-07-03falseActiveNo2016-10-242021-07-20116.74471MrRAMESH RAJAN NATARAJAN******01628318Non-Executive - Independent DirectorNot Applicable1957-07-05falseActiveNA2021-05-212026-05-2161.13343MrsVASUDHA SUNDARARAMAN******06609400Non-Executive - Independent DirectorNot Applicable1957-11-10falseActiveNA2022-06-292022-06-2948.22220MrVIKRAM TARANATH HOSANGADY******09757469Non-Executive - Independent DirectorNot Applicable1973-09-03falseActiveNA2023-03-162025-05-2813.35552truetruetruetruetrueAudit Committee01628318RAMESH RAJAN NATARAJANNon-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 committee01628318RAMESH RAJAN NATARAJANNon-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 Committee01628318RAMESH RAJAN NATARAJANNon-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 Committee01628318RAMESH RAJAN NATARAJANNon-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 DirectorMember2023-03-162026-02-04true6642026-03-2043true6642026-05-0646true6642026-06-3054true6641) Previous meeting of Stakeholders' Relationship Committee was held on May 27, 2025. 2) Previous meeting of Corporate Social Responsibility Committee was held on May 27, 2025. 3) Previous meeting of Risk Management Committee was held on October 09, 2025.Audit Committee2026-02-04true4430Audit Committee2026-05-0690true4430Audit Committee2026-06-3054true4430Nomination and remuneration committee2026-02-04true3320Nomination and remuneration committee2026-03-2043true3320Nomination and remuneration committee2026-05-0646true3320Nomination and remuneration committee2026-06-3054true3320Corporate Social Responsibility Committee2026-05-06true3310Stakeholders Relationship Committee2026-05-06true3310Risk Management Committee2026-03-20true3310truetruetruetrueYestruetruetrueThe report of previous quarter and year ended March 31, 2026 was placed before the Board at their meeting held on May 06, 2026. The report for the quarter ended June 30, 2026 will be placed at the ensuing Board meeting.VenkatramanCompany SecretaryfalseVenkatramanCompany SecretaryChennai2026-07-3001100Joint commissioner (Appeals - II), Central Tax PuneOrder in Appeal issued under section 73 of GST Act 20172026-06-08FY 2020-21. Non-furnishing of documentary evidence for availing input tax creditsTax demand of Rs.0.90 Crores along with penalty of Rs.0.09 Crores and applicable interest. The Department has not considered ITC ledger provided by the Company with CA certification. The Company is in the process of filing an appeal with Goods and Services Tax Appellate Tribunal.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 CroresThe Company has re-filed the submisison on the portal with National Faceless Assessment Centre, Commissioner of Income Tax (Appeals). Awaiting hearing.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 CroresNo change in status. Appeal is pending.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 CroresNo change in status. Appeal is pending.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: National Faceless Appellate Center(NFAC) has sought additional documents. The Company is in process of submitting suitable reply. Disputed amount: Rs.0.64 Crores.The Company has submitted responses along with necessary documents with Commissioner of Income Tax (Appeals) on June 22, 2026. Awaiting hearing.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. 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. 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 CroresNo change. 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 croresNo change. 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.No change in status. Appeal is pending.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 Company has filed the appeal before the Commissioner of Income Tax (Appeals), on April 25, 2026. Awaiting Hearing.