Raunaq International Limited , formerly known as Raunaq EPC International Limited, has successfully completed the appointment of Mr. Virender Pal Jain as a Non-Executive Independent Director following overwhelming shareholder approval through a postal ballot process. The company has now filed comprehensive compliance documentation with BSE Limited under Schedule III of SEBI LODR Regulations.

Regulatory Compliance and Documentation

The company submitted detailed minutes of proceedings and scrutinizer reports to BSE Limited on January 16, 2026, ensuring full compliance with regulatory requirements. The documentation includes comprehensive voting records, procedural compliance details, and formal declaration of results as mandated under SEBI regulations.

Voting Results and Approval

The postal ballot process concluded on December 26, 2025, with shareholders demonstrating strong support for the appointment. The voting results show decisive approval across all categories:

The special resolution was passed with the requisite majority, with valid votes cast in favor exceeding three times the valid votes cast against, as required under company law.

Appointment Details and Professional Background

Mr. Virender Pal Jain brings extensive expertise to the board with his distinguished career spanning over four decades as a Practicing Chartered Accountant and founding partner of M/s V.P. Jain & Associates, Chartered Accountants, New Delhi. His expertise encompasses corporate law, direct and indirect taxation, financial consultancy, and strategic advisory services.

Scrutinizer Oversight and Process Integrity

Mr. Sanket Jain of M/s Sanket Jain & Co., Company Secretaries, served as the scrutinizer for the voting process, ensuring transparency and compliance with all regulatory requirements. The remote e-voting facility was available from November 27, 2025, to December 26, 2025, through MUFG Intime India Private Limited.

This appointment strengthens the company's governance structure and brings valuable financial and legal expertise to support its strategic initiatives in the infrastructure development sector.

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.