Acquisition

Rone Registered Office: "Maithri", No. 132, Cathedral Road, Chennai - 600 086 +91-44-2811 2472 Rane Holdings Limited www.ranegroup.com CIN: L35999TN1936PLC002202 RHL/SE/064/2026-27 October 22, 2026 BSE Limited National Stock Exchange of India Ltd. Listing Centre NEAPS Scrip Code: 505800 Symbol: RANEHOLDIN Dear Sir / Madam, Sub.: Outcome of meeting of the Finance Committee Meeting - Regulation 30 of SEBI LODR The Finance Committee of the Board of Directors of the Company at their meeting held today, have inter alia, approved further investment in the joint venture with ZF Automotive JV US LLC, USA i.e., ZF LIFETEC Rane Automotive India Private Limited (ZLRAI). The details in terms of Regulation 30 of the LODR read with SEBI Master Circular No. H0/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, are enclosed vide Annexure 1 to this letter. The meeting of Finance Committee commenced at 10:50 AM (1ST) and concluded at II 16(IST) We request you to take the above on record. Thanking you, Yours faithfully, For Rane Holdings Limited S Subha Shree Secretary Encl: a/a Page 1 of 2 Rane Holdings Limited Continuation sheet ... Annexure to letter no. RHL/SE/064/2026-27 dated October 22, 2026 Details in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Acquisition (including agreement to acquire): Particulars Details a) name of the target entity, details in brief such as size, M/s. ZF Lifetec Rane Automotive India Private Limited. turnover etc.; (ZLRAI). As per audited financial statements FY 2025-26: • Turnover: ₹1,180.55 crores. • Net Worth: ₹113.74 crores b) whether the acquisition would fall within related party ZLRAI is a joint-venture between ZF Automotive JV US transaction(s) and whether the promoter/ promoter LLC & Rane Holdings Limited and is classified as a related group/ group companies have any interest in the entity party. being acquired? If yes, nature of interest and details thereof and whether the same is done at arm's length"; The issue price for rights issue is determined based on independent valuation. Pursuant to the exemptions provided under Regulation 2(1)(zc) of the SEBI LODR Regulations, 2015, the subscription to rights issue is exempt from being treated as Related Party Transactions. Except for the above, the Promoters / Promoter Group of the company do not have any interest in the investment or any other interest in ZLRAI. c) industry to which the entity being acquired belongs; Automotive components industry d) objects and effects of acquisition (including but not The funds will be utilized by ZLRAI towards its capex and limited to, disclosure of reasons for acquisition of target operational expenditure requirements entity, if its business is outside the main line of business of the listed entity); Subscription to rights issue is proposed for full entitlement. RHL will continue to hold 49% of the equity share capital of ZLRAI post-investment. e) brief details of any governmental or regulatory Not Applicable approvals required for the acquisition; f) indicative time period for completion of the On or before October 31, 2026. acquisition; g) nature of consideration - whether cash consideration Cash consideration of - ₹80.85 crores. or share swap and details of the same; h) cost of acquisition or the price at which the shares Subscription to 5,15,954 Equity Shares of face value of are acquired; ₹10/- each at an issue price of ₹1,567/- per share (comprising a face value of ₹10/- and a premium of ₹1,557/-). The issue price has been determined by an independent valuation by M/s. PwC Business Consulting Services LLP. i) Percentage of shareholding / control acquired and / The Company's shareholding in ZLRAI will remain or number of shares acquired; unchanged at 49% post-investment. j) brief background about the entity acquired in terms Business: Manufacturing of airbags, safety seat belt of products/line of business acquired, date of systems and cushions incorporation, history of last 3 years turnover, country Date of Incorporation: July 04, 2024. in which the acquired entity has presence and any Turnover for last three years: other significant information (in brief); (₹ in Crs) Year 2026 2025 2024 Turnover 1,180.55 914.91 NA Country of Presence: India. Page 2 of 2