Rane Brake Lining Limited Recommends Dividend, Payable on July 27, 2015; Appoints Venkatraman as the Secretary (Key Managerial Personnel) and Compliance Officer
May 22, 2015 at 07:22 am EDT
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Rane Brake Lining Ltd. has informed that the Board of Directors of the company at its meeting held on May 22, 2015, has recommended to the shareholders a dividend of INR 7 per equity share on the paid up equity capital of INR 79,149,800 comprising of 7,914,980 equity shares of INR 10 each fully paid up, subject to approval of AGM to be held on July 20, 2015. The dividend will be paid on July 27, 2015 to the record holders of July 20, 2015.
The Board of Directors of the company at their meeting held on May 22, 2015, Mr. Venkatraman has been appointed as the Secretary (Key Managerial Personnel) and Compliance officer of the company with effect from May 22, 2015.
Rane Brake Linings Limited is an India-based company, which is engaged in manufacturing and marketing of auto components for transportation industry. The Company is engaged in manufacturing of brake linings, disc pads, clutch facings, clutch buttons, brake shoes and railway brake blocks. The Company's products have application in various segment of automobile industry, such as passenger vehicles, commercial vehicles, farm tractors, two-wheelers, three-wheelers, railways and stationary engines.
Rane Brake Lining Limited Recommends Dividend, Payable on July 27, 2015; Appoints Venkatraman as the Secretary (Key Managerial Personnel) and Compliance Officer