Rane Brake Lining Limited announced that Vinay Lakshman has resigned as Managing Director and as a Director, for his personal reasons. The board of directors at its meeting held on January 23, 2020 has accepted his resignation effective from the close of business hours on January 23, 2020. The board has also appointed Mr. R Balakrishnan, President of the Company, as 'Manager' under the Companies Act, 2013, for term of five years effective from January 24, 2020, as per the recommendations of Nomination and Remuneration Committee and subject to approval of shareholders at the next general meeting.