Please refer to our letter dated 26 November, 2025, wherein pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ....
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Awaiting price reaction for this filing.
Raunaq International has updated the stock exchange about an anonymous, unsigned letter received by Chairman and Managing Director Mr. Surinder Paul Kanwar questioning his citizenship. The letter, sent from an address that was later verified to be non-existent, was previously dismissed by the CMD as lacking verifiable particulars. At its 28 November 2025 meeting, the Board discussed the matter along with a similar communication from Gulab Merchandise Private Limited, a promoter group entity currently controlled by Mr. Sachit Kanwar who has filed a pending suit against the company and CMD. The Board advised obtaining an independent legal opinion before deciding on further action, and noted that the Ministry of Corporate Affairs is already seized of the issue.
This is a governance disclosure rather than a financial event, so near-term stock impact may be limited. However, the citizenship question on the Chairman, a pending related lawsuit, and promoter-group divisions introduce some uncertainty that investors should monitor for further developments.