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Rane Holdings Ltd, holding company of the auto component house Rane Group, has announced that the board of directors has approved appointment of L Lakshman as Chairman Emeritus from April 1. The Board also approved appointment of L Ganesh as Chairman and Managing Director effective April 1, according to its communiqué to stock exchanges. Harish Lakshman has been elected as Vice-Chairman. The Board will seek approval of the shareholders, where applicable, by way of postal ballot.
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