The Board of Directors of Rane (Madras) Limited at their meeting held on January 23, 2018, declared an interim dividend of INR 4.50 per equity share on 11,607,541 equity shares of INR 10 each fully paid up, for the financial year 2017-2018 and approved the payment of the same to all the eligible shareholders whose name appear in the register of members of the company as on February 3, 2018 (Record date fixed for this purpose). The interim dividend will be paid /dispatched to the eligible shareholders, on February 13, 2018.