Raunaq International Limited , formerly known as Raunaq EPC International Limited, has announced a significant change to its board composition. The company's Board of Directors has recommended the appointment of Mr. Virender Pal Jain as a Non-Executive Independent Director, subject to shareholder approval.

Key Details of the Appointment

The Board's decision, made during a meeting held on November 13, 2025, proposes Mr. Jain's appointment for a term of five years. The appointment, if approved, will be effective from December 26, 2025, coinciding with the expected date of shareholder approval through a postal ballot process.

About Virender Pal Jain

Mr. Virender Pal Jain brings a wealth of experience to the Raunaq International board:

• Age: 68 years
• Professional Background: Practicing Chartered Accountant
• Experience: 42 years in the field
• Current Role: Senior Partner at M/s V.P. Jain & Associates, Chartered Accountants, New Delhi
• Education: Bachelor's Degree in Commerce from the University of Delhi

Expertise and Contributions

Mr. Jain's extensive career spans various aspects of financial and legal domains:

• Deep exposure to corporate law
• Comprehensive knowledge of direct and indirect taxation
• Expertise in financial consultancy and finance
• Strategic advisory capabilities for businesses across diverse sectors

His appointment is expected to provide valuable insights in managing complex financial and legal matters for Raunaq International Limited.

Regulatory Compliance

In compliance with regulatory requirements, Raunaq International has affirmed that Mr. Jain is not debarred from holding the office of director by virtue of any order of SEBI or any other such authority.

Shareholder Approval Process

The company will conduct a postal ballot process to seek shareholder approval for Mr. Jain's appointment. The last date for receipt of assent/dissent from members is set for December 26, 2025, which will be considered the date of passing the resolution.

Company Background

Raunaq International Limited, with its registered office at 20 K.M. Mathura Road, P.O. Amar Nagar, Faridabad-121003 (Haryana), operates in the engineering contracting and trading of alloy steel for auto components sectors.

This strategic appointment comes as Raunaq International continues to strengthen its governance structure and bring diverse expertise to its board of directors.

Raunaq International Limited , formerly known as Raunaq EPC International Limited, has announced a significant decision regarding its shareholding pattern. The company's Board of Directors has ratified the inclusion of Late Dr. Raunaq Singh's name under the "Promoter Group Category" in its shareholding structure, reversing an earlier decision.

Background

Raunaq International had initially decided to remove Late Dr. Raunaq Singh's name from the Promoter Category following his demise on September 30, 2002. This decision was based on an interpretation of Regulation 31A(6)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, which suggested that upon the death of a promoter, the person would automatically cease to be included in the promoter group.

Reversal of Decision

The company's management, upon re-examination of the regulations and after receiving advice from BSE Limited, has now concluded that Late Dr. Raunaq Singh's name cannot be shifted from the "Promoter Category" to the "Public Category" until his 19,935 equity shares are transmitted to the ultimate beneficial owner.

Key Points of the Decision

1. Retention in Promoter Group: The Board of Directors considered and ratified the inclusion of Late Dr. Raunaq Singh's name under the "Promoter Group Category."

2. Shareholding Status: The 19,935 equity shares held in the name of Late Dr. Raunaq Singh will be retained under the "Promoter Group Category" until they are transmitted to the ultimate beneficial owner.

3. Regulatory Compliance: This decision aligns with the company's interpretation of the SEBI regulations and addresses the concerns raised by BSE Limited regarding the shareholding pattern.

4. Timeline: The name of Late Dr. Raunaq Singh has been retained under the Promoter Group Category since the filing of the shareholding pattern for the quarter ended June 30.

Implications

This decision highlights the complexities involved in managing shareholding patterns, especially in cases involving deceased promoters. It also underscores the importance of careful interpretation and application of regulatory guidelines in corporate governance matters.

Raunaq International's move to retain Late Dr. Raunaq Singh in the Promoter Group Category ensures compliance with regulatory requirements and maintains transparency in its shareholding structure. This decision may have implications for the company's reporting and disclosure practices, as well as its overall corporate governance framework.

As the company moves forward with this revised stance, stakeholders and investors will likely be watching closely to see how this decision impacts Raunaq International's shareholding dynamics and regulatory compliance in the long term.