Rane Brake Lining Limited at its Annual General Meeting will be held on July 24, 2023 proposed a dividend of INR 25 per equity share having face value of INR 10 each fully paid up on 77,29,871 equity shares be and is hereby declared out of the profits of the Company for the year ended March 31, 2023 absorbing a sum of INR 193.2 million and that the dividend be paid, subject to deduction of applicable taxes at source, to those shareholders, whose names appear in the Company's Register of Members as on July 17, 2023.