Bharat Gears Limited's Board of Directors has resolved the citizenship status matter concerning Chairman and Managing Director Surinder Paul Kanwar, determining that he will continue in his leadership role. The board reached this conclusion during its meeting held on January 23, 2026, after reviewing a comprehensive legal opinion on the matter.

Board Decision and Legal Opinion

The board considered the legal opinion and concluded that the power to determine citizenship status vests exclusively with the Central Government. Based on this legal assessment, the directors determined that until any direction or order is issued by the Central Government regarding Kanwar's citizenship status, he shall be regarded as a citizen of India and continue discharging his responsibilities as Chairman and Managing Director.

Background and Timeline

This development follows the board's earlier meeting on November 14, 2025, where directors had advised management to obtain a comprehensive independent legal opinion on Kanwar's citizenship status. The board had decided to consider appropriate action upon receiving the legal opinion, which has now been completed and reviewed.

Regulatory Compliance

The company has informed both the National Stock Exchange of India Limited and BSE Limited about this decision in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Bharat Gears Limited has committed to keeping stakeholders informed of any material developments in this matter as and when required under applicable laws and regulations.

Company Operations

With this matter resolved, Surinder Paul Kanwar continues his leadership role at the automotive components manufacturer. The company maintains its registered office and works at Faridabad, Haryana, with additional facilities in Mumbai and Mumbra, Maharashtra.

Source:

Bharat Gears Limited , a prominent player in the Indian manufacturing sector, has recently found itself in the spotlight due to an unexpected corporate governance issue. The company has disclosed the receipt of an anonymous letter that raises questions about the citizenship status of its Chairman and Managing Director, Surender Paul Kanwar.

Key Details of the Incident

• Date of Receipt: November 3, 2025
• Nature of Communication: Anonymous, unsigned, and undated letter
• Recipients: Certain members of the Board of Directors
• Main Concern: Citizenship status of Surender Paul Kanwar

Company's Response

Bharat Gears Limited has taken a proactive approach to address this situation. The company has outlined its immediate steps in response to this development:

1. Assessment of Veracity: The company is currently in the process of evaluating the truthfulness and accuracy of the letter's contents.
2. Legal Consultation: Independent legal opinion is being sought regarding the legality of such an anonymous communication.
3. Transparency Commitment: The company has pledged to provide updates on any material developments related to this matter.

Regulatory Compliance

In line with its obligations under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bharat Gears Limited has promptly informed the stock exchanges about this development. This disclosure demonstrates the company's commitment to transparency and regulatory compliance.

Implications and Next Steps

While the immediate impact of this development on Bharat Gears Limited's operations remains unclear, the situation underscores the importance of corporate governance and transparency in today's business environment. Stakeholders, including investors and regulatory bodies, will likely be watching closely for further updates from the company.

As the situation unfolds, key areas of focus may include:

1. The outcome of the company's assessment of the letter's contents
2. Any findings from the independent legal opinion
3. Potential implications for the company's leadership structure
4. Any regulatory inquiries or actions that may arise

Bharat Gears Limited's handling of this situation will be crucial in maintaining stakeholder confidence and ensuring minimal disruption to its business operations. The company's commitment to keeping the market informed about any material developments is a positive sign of its approach to corporate transparency.

Stakeholders are advised to stay tuned for further updates from the company as it navigates this unexpected corporate governance challenge.