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 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.