Press Release

Rane 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/025/2026-27 June 30, 2026 BSE Limited National Stock Exchange of India Ltd. Listing Centre NEAPS Scrip Code: 532661 Symbol: RML Dear Sir / Madam, Sub: Acquisition - Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (`SEBI LODR') This is to inform that pursuant to the approval of the Board of Directors of the Company, at their meeting held on June 30, 2026, the Company has entered into a Business Transfer Agreement (`BTA') with M/s. Hindustan Composites Limited ('HCL') for acquisition of its friction business along with the assets, liabilities, contracts, licenses, employees etc., as a going concern on a slump sale basis, which is subject to fulfilment of customary closing conditions, including receipt of necessary approval(s), consent(s), as specified in the BTA. The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular No. H0/49/14/14(7)2025-CFD- POD2/1/3762/2026 dated January 30, 2026 are furnished in Annexure — A & B. A detailed press release in this regard is also enclosed. 1$ : The meeting of the Board of Directors commenced at 17:30 hrs and concluded at 12 hrs. (1ST). 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 Encl: a/a Page 1 of 3 Rine ExpandIng Horizons Rane (Madras) Limited to Acquire Friction Business of Hindustan Composites to Create India's Leading Friction Solutions Platform Chennai, India, June 30, 2026 — Rane (Madras) Limited (RML), today entered into an agreement with Hindustan Composites Limited (HCL) to acquire the Friction Business, as going concern, on slump sale basis for an enterprise value of INR 370 Crore (Rupees Three hundred and seventy crore), subject to the terms of the Agreement. HCL's Friction Business is a leading supplier of friction materials, with over six decades of experience across the automotive: railway, farm tractor, and industrial sectors. Its product portfolio includes brake linings, brake pads, brake blocks, clutch facings, and industrial friction products, backed by in-house R&D and a pan-India distribution network. It operates two manufacturing facilities in Paithan and Bhandara, Maharashtra. Based on the latest audited financial results, Friction Business reported revenue of INR 315.04 crore and PBT of INR 40.29 crore in FY26. As part of the acquisition, RML also acquires the brand "COMPO", which reinforces Rane's leadership position by expanding its reach across segments. distributors, fleet operators and aftermarket channels. Strategic Rationale: • Unrivalled Platform Scale: Building on RML's established leadership in the friction business—spanning passenger vehicles, two-wheelers, aftermarket and railways, alongside an export business aggregating revenue of over ₹700 crore—this transaction marks a transformative milestone. Upon completion, the acquisition will create a ₹1,000+ crore friction materials business, establishing RML as the market leader across all major segments. • Scale & Synergy: The transaction is expected to unlock substantial operational synergies through manufacturing scale, an expanded distribution network and enhanced R&D capabilities. The expanded footprint is expected to serve as critical launchpad for future business expansion. gone Expanding Horizons Commenting on the acquisition, Mr. Harish Lakshman, Chairman, Rane Group said: "This acquisition leverages Rane's ability to create a market-leading friction solutions platform. By integrating these complementary businesses, we are uniquely positioned to address the evolving needs of India's transportation needs while driving operational excellence and long-term value for our stakeholders." The transaction, executed through a Business Transfer Agreement, remains subject to customary regulatory approvals and closing conditions. It is expected to be completed by the end of the second quarter. About Rane (Madras) Limited Rane (Madras) Limited (RML) is part of the Rane Group of Companies, a leading auto component group based out of Chennai. RML is a preferred supplier to major OEMs and Aftermarket in India and abroad. RML manufactures various automotive products, viz. Steering and Suspension systems, Brake components, Engine components and Light Metal Casting components. Its products serve a variety of industry segments including Passenger Vehicles, Commercial Vehicles, Farm Tractors, Two-wheelers, Three-wheelers, Railways and Stationery Engines. For media queries, please contact: Ms. Pavithra Lakshmanan - rane brand-comm.com Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.