Rane (Madras) Limited announced that at the board meeting held on March 16, 2023, the company approved the retirement of Mr. S Sandilya, Non Executive - Independent Director, in accordance with policy of the Company effective closure of business hours on March 16, 2023. Mr. S Sandilya consequently ceases to be member of the Audit, Nomination and Remuneration and Corporate Social Responsibility Committee(s) of the Board.