BSERAUNAQ INTERNATIONAL LIMITED· ConstructionHighNegative
Announced Fri, 31 Jul, 2026 · 15:15 IST

Chairman and MD passport revocation appeal dismissed by MEA

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction

Awaiting price reaction for this filing.

AI summary

Mr. Surinder Paul Kanwar, Chairman and Managing Director of Raunaq International, informed the company that his appeal dated April 15, 2026 against the revocation of his passport has been dismissed by an order dated July 23, 2026 passed by the Joint Secretary and Chief Passport Officer, Ministry of External Affairs. He claims he was not given a reasonable opportunity to present his case, contrary to Section 11(5) of the Passports Act, 1967. He plans to file a rectification or clarificatory application and has assured the Board of his fiduciary duties.

Likely market impact

Negative: head of the company faces passport revocation and lost appeal, raising governance concerns. Further legal steps pending.