NSESale or disposal30 Sept 2026 · 30 Sept 2026, 09:24 pm

Sale or disposal

Rane (Madras) Limited · RML

✦ AI SummaryDivestiture

Rane (Madras) Limited has sold 3.48 acres of land in Velachery, Chennai to Canopy Living LLP for Rs. 361.18 crores, with Rs. 200 crores already received.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

The Company has provided update with regard to Sale of Surplus Land Parcel (3.48 acres) located at Velachery, Chennai.

Attachments (1)

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RMLCS_30092026212254_RML_Reg_30_LandSale_Transfer_30092026_SD.pdf

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gone Registered Office: "Maithri", No. 132, Cathedral Road, Chennai - 600 086 +91-44-2811 2472 Rane (Madras) Limited www.ranegroup.com CIN: L65993TN2004PLC052856 //Online Submission// RML/SE/052/2026-27 September 30, 2026 BSE Limited (BSE) National Stock Exchange of India Ltd. (NSE) Listing Centre NEAPS Scrip Code: 532661 Symbol: RML Dear Sir / Madam, Sub: Update — Sale of surplus land parcel located at Velachery Ref: Our letter no(s). RML/SE/038/2025-26 dated June 17, 2025; and RML/SE/042/2025-26 dated June 27, 2025 Pursuant to the Agreement to Sell entered into with Canopy Living LLP, upon fulfilment of the conditions stipulated therein, the Company has earlier today, transferred the possession and recorded the sale of 3.48 acres of freehold land situated at 154, Velachery Main Road, Velachery, Chennai, Tamil Nadu, India. The Company has till date received Rs. 200 crores out of the total consideration of Rs. 361.18 crores and the balance consideration shall be received in accordance with the terms of the agreement. We request you to take the above on record and note the compliance under above referred regulations of SEBI LODR. Thanking you, Yours faithfully, For Rane (Madras) Limited Venkatraman Secretary