Rane Brake Lining Limited announced that at its board meeting held on May 3, 2023, recommended a dividend of INR 25 per equity share on 7,729,871 equity shares of INR 10 each fully paid up, for the financial year 2022-23, subject to approval of members at the upcoming 18th AGM of the Company. The dividend, if declared by the shareholders will be paid/dispatched on August 03, 2023 to the eligible shareholders.