Rane Engine Valve: Announcement under Regulation 30 (LODR)-Allotment

This is further to our earlier announcements referred above the latest being our announcement dated February 25 2022 on the outcome of Postal Ballot Meeting wherein the shareholders had approved issue of warrants on preferential basis to Rane Holdings Limited.The Finance Committee of the Board of Directors has at their meeting held on March 08 2022 issued and allotted 5 15 463 warrants of face value of Rs.10/- each convertible into equivalent 5 15 463 equity shares of face value of Rs.10/- each fully paid up. The allotment has been made for cash upon receipt of warrant subscription price of Rs. 72.75 per warrant ( being 25% of the issue price i.e. Rs.291.00/-) and the warrants allotted are convertible in one or more tranches at any time on or before the expiry of 18 (eighteen) months from the date of allotment. The details as required under Regulation 30 of SEBI LODR read with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9 2015 is furnished in Annexure - A.