Bharat Gears Limited has notified stock exchanges about significant developments regarding its Chairman and Managing Director Surinder Paul Kanwar's passport status. The company disclosed that Mr. Kanwar has filed an appeal against the revocation of his passport, marking a crucial development in the ongoing citizenship matter.

Passport Revocation and Appeal Details

The company informed exchanges on April 16, 2026 that Mr. Kanwar received communication from the Regional Passport Office regarding the revocation of his passport, which included a right of appeal to the Central Passport Office. Acting on legal advice, he promptly filed an appeal on April 15, 2026 before the competent authority at the Central Passport Office.

Board's Previous Position on Citizenship

This development follows the Board's earlier deliberation on January 23, 2026, where directors considered independent legal opinion regarding Mr. Kanwar's citizenship status. The Board concluded that the power to determine citizenship status vests exclusively with the Central Government and that Mr. Kanwar's citizenship status remains unchanged until any direction or order is issued by the Central Government.

The Board's position established that Mr. Kanwar shall continue to be regarded as a citizen of India and discharge his responsibilities as Chairman and Managing Director until further government direction.

Government Clarification Sought

Separately, Mr. Kanwar has written to the Secretaries of the Ministry of Home Affairs and the Ministry of External Affairs on March 30, 2026, seeking clarification on his citizenship status. The letter was sent through Speed Post on April 04, 2026, and the company awaits a reply from these authorities.

Corporate Governance and Transparency

Mr. Kanwar has assured the Board that he remains fully mindful of his fiduciary duties and will continue to keep the Board promptly informed of any material developments. He has advised that statutory authorities be informed accordingly in a fair and transparent manner.

The company has committed to keeping exchanges informed of any material developments in this matter as and when required, in accordance with applicable laws and regulations. This disclosure was made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Bharat gears Limited has fulfilled its regulatory obligations by submitting the mandatory compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to both the National Stock Exchange of India Limited and BSE Limited on April 13, 2026.

Regulatory Compliance Details

The certificate was issued under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, which mandates quarterly compliance reporting for listed companies. This regulation ensures proper oversight of securities dematerialization processes and maintains transparency in the depositories system.

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the registrar and share transfer agent for Bharat Gears Limited. The registrar issued the compliance certificate on April 07, 2026, confirming adherence to prescribed procedures during the quarter.

The certificate confirms that securities received from depository participants for dematerialization during Q4FY26 were properly processed and confirmed to the depositories. Additionally, it verifies that all security certificates received for dematerialization were appropriately handled within prescribed timelines.

Key Compliance Confirmations

The registrar's certificate provides several critical confirmations regarding the company's compliance with SEBI regulations:

• Securities received for dematerialization were confirmed or rejected to depositories as required
• Listed securities maintain their listing status on stock exchanges where earlier issued securities are traded
• Security certificates received for dematerialization were mutilated and cancelled after proper verification
• Depository names were substituted in the register of members as registered owners within prescribed timelines

Corporate Communication

Prashant Khattri, Corporate Head (Legal) and Company Secretary of Bharat Gears Limited, signed the submission letter to both stock exchanges. The communication was made through official company letterhead bearing the corporate identity number L29130HR1971PLC034365.

Swapan Kumar Naskar, Associate Vice-President & Head (Delhi Branch) of MUFG Intime India Private Limited, signed the compliance certificate on behalf of the registrar, confirming all regulatory requirements were met during the reporting period.