Raunaq International Limited , a company listed on the Indian stock exchange, has recently addressed an anonymous letter questioning the citizenship status of its Chairman, Mr. Surinder Paul Kanwar. The company's Board discussed this matter in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Developments

Anonymous Letter

The Board discussed an anonymous letter questioning Mr. Kanwar's citizenship status. Upon investigation, the company found that the letter originated from a non-existent address and lacks verifiable details.

Official Inquiry

The Ministry of Corporate Affairs is examining the matter, as previously reported.

Board's Response

As a precautionary measure, the Board has advised management to seek independent legal opinion on the issue.

Director's Previous Response

Mr. Kanwar had earlier provided the required details to the Regional Director's office and confirmed that he currently holds only a valid Indian passport.

Actions Taken by the Company

Raunaq International has taken several steps in response to these developments:

• Discussed the anonymous letter in a Board meeting
• Investigated the origin of the letter, finding it to be from a non-existent address
• Advised management to seek independent legal opinion
• Committed to keeping stakeholders informed of any material developments in this matter

Previous Actions Taken by Mr. Kanwar

Mr. Kanwar had previously taken the following steps:

• Informed the company's Board about the anonymous letter and the official inquiry
• Furnished the required details to the Regional Director's office
• Requested a copy of the underlying complaint that prompted the official communication
• Questioned the jurisdiction and competence of the Regional Director's office regarding this matter
• Reserved his legal rights in this regard

Implications

While the inquiry is ongoing, it's important to note that:

1. The company has made these disclosures in the interest of transparency and regulatory compliance
2. As of now, there have been no changes to Mr. Kanwar's position or status within the company
3. The situation is still developing, and further updates may be forthcoming

Investors and stakeholders of Raunaq International should stay tuned for any additional disclosures or updates from the company regarding this matter.

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.