Bharat Gears Limited has informed the Exchange regarding 'Intimation under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.Pursuant to the Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( the Regulations ), this is to inform you that it has been brought to our notice that an anonymous, unsigned and undated letter has been received on 03rd November, 2025 inter-alia by certain members of the Board, raising some issues on status of citizenship of Mr. Surinder Paul Kanwar, Chairman and Managing Director.The Company is in the process of assessing veracity of the content of the letter and also in the process of obtaining independent legal opinion on legality of such a letter.We will keep you updated on any material developments in the matter.You are requested to kindly take the same on records.
BHARATGEAR · price
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Bharat Gears Limited informed the exchange that an anonymous, unsigned, and undated letter was received on November 3, 2025, by certain Board members. The letter raises concerns about the citizenship status of Mr. Surinder Paul Kanwar, the company's Chairman and Managing Director. The company is currently assessing the authenticity of the letter's contents and is seeking an independent legal opinion on the legality of such a communication. The company has assured to keep the exchange updated on any material developments in this matter.
This is a governance-related concern involving the top leadership of the company. While the company is yet to verify the claims, the issue involving the CMD's citizenship status could create uncertainty among shareholders and potentially affect management stability or stock sentiment if the matter escalates.