The board of directors of Rane Holdings Limited at its meeting held on May 15, 2024, approved cessation of Mr. MAP Sridhar Kumar as CFO effective closure of business hours on June 30, 2024, pursuant to transfer of services within the Rane Group; and based on the recommendations of Nomination & Remuneration Committee and approval of the Audit Committee, appointment of Mr. J Ananth as Chief Financial Officer (CFO) of the Company effective July 01, 2024, Pursuant to Section 203 of the Companies Act, 2013 and rules made thereunder. Mr. J Ananth, is a qualified Chartered Accountant, Cost & Works Accountant and Company Secretary. He has over 26 years of professional experience in diverse areas in accounting and financial management field.

He is associated with Rane group since 1997 and currently the CFO of Rane Brake Lining Limited. His areas of expertise Include Financial Reporting including Consolidation, Strategic & Financial Planning, Benchmarking and Financial analysis,. Cost Control and Resource Optimization, Project Feasibility evaluation and Treasury Management.