This is to inform you that the Board members have received an intimation from Mr. Surinder Paul Kanwar, Chairman and Managing Director of the Company vide his e-mail dated April 20, 2026 ....
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Raunaq International has informed BSE that its Chairman and Managing Director, Mr. Surinder Paul Kanwar, received a communication from the Regional Passport Office revoking his passport. He has filed an appeal on April 15, 2026 before the Central Passport Authority seeking a stay on the revocation and quashing of the order. Separately, the Ministry of Home Affairs and Ministry of External Affairs had written to him on March 30, 2026 seeking clarification on his citizenship status, for which a reply is still awaited. The Board had previously concluded in January 2026 that his citizenship status remains that of an Indian citizen until the Central Government issues any contrary direction. The Company has committed to keep the stock exchange informed of further developments.
This is a material governance issue affecting the company's top leadership, which could create uncertainty for shareholders about management continuity. Investors should monitor further updates as the passport revocation appeal and citizenship clarification could materially impact the company's leadership and operations.