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.
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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.
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RMLCS_30092026212254_RML_Reg_30_LandSale_Transfer_30092026_SD.pdf
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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