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.

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

Professional Background

Mr. Virender Pal Jain brings extensive expertise to the board with his distinguished career spanning over four decades:

• Professional Background: Practicing Chartered Accountant with 42 years of experience
• 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 Areas: Corporate law, direct and indirect taxation, financial consultancy, and strategic advisory services

Postal Ballot Process

The company conducted the postal ballot process in compliance with Section 110 of the Companies Act, 2013, and SEBI regulations. The remote e-voting facility was available from November 27, 2025, to December 26, 2025. Mr. Sanket Jain of M/s Sanket Jain & Co., Company Secretaries, served as the scrutinizer for the voting process.

Company Information

Raunaq International Limited operates in the engineering contracting and trading of alloy steel for auto components sectors. The company's shares trade on BSE under scrip code 537840, with its registered office located at 20 K.M. Mathura Road, P.O. Amar Nagar, Faridabad-121003 (Haryana).

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.