Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 ("the Regulations") this is to inform that the Board of Directors of the Company ....
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Raunaq International Ltd's Board, at its May 30, 2025 meeting, approved the appointment of Mr. Nagar Venkatraman Srinivasan (aged 81, ex-Bharat Gears) as an Additional Non-Executive Independent Director, to hold office till the next AGM. The Board also approved the re-appointment of Mr. Naresh Kumar Verma (aged 65, currently Corporate Business Head at Bharat Gears) as a Non-Executive Director, liable to retire by rotation, subject to shareholder approval at the ensuing AGM. Additionally, Ms. Neha Patwal, who is the Company Secretary and CFO, has been designated as the Internal Auditor for FY 2025-26. The company also appointed M/s Sanket Jain & Co., Company Secretaries, Jhansi, as Secretarial Auditors for a 5-year term covering FY 2025-26 to FY 2029-30. The company confirmed none of the directors are debarred from holding office by SEBI or any other authority.
This is a routine governance update with no material financial impact. The new independent director brings extensive industry experience (56 years), which may strengthen board oversight, while the CFO doubling as Internal Auditor could raise minor governance concerns regarding independence for retail investors to watch.