Rane Break Lining Appoints Ramesh Rajan As Independent Director, Ashok Malhotra To Retire

Rane Break Lining Limited has appointed N. Ramesh Rajan as an Independent Director and reappointed Ganesh Lakshminarayan as Director, he is liable to retire on rotation. Both appointments are effective July 22, 2024. The Board has also taken on record the retirement of Independent Director Ashok Malhotra, effective October 8, 2024. He will cease to be a member of the Audit, Stakeholders, Nomination and Remuneration and Corporate Social Responsibility Committees of the Board effective from the closure of business hours on October 8, 2024.

Ramesh Rajan is a fellow member of the ICAI with over 42 years of experience. He was the Chairman and Senior Partner of PwC India, responsible for the overall strategy and operations of all PwC entities in India. As the Chairman and Senior Partner, he represented India on the Global Strategy Council of PwC International and served as a member of PwC’s Central Cluster, led by PwC UK. He is the founder and senior partner of Leap Ridge Advisors LLP. He currently serves on the Boards of TTK Healthcare Limited, Cholamandalam Investment and Finance Company Limited, Rane (Madras) Limited, and Rane Engine Valve Limited.

L. Ganesh has over 48 years of industrial experience in the overall management of companies. He has held several positions of high responsibilities with various industry forums and’ has been the President of the Automotive Component Association of India and Chairman of the Confederation of Indian Industry, Southern Region. He continues to be an honorary consul for New Zealand in South lndia.