We would like to clarify that the delay in intimating the resignation within 24 hours was due to a misinterpretation of the applicable regulatory provisions. It was our bona fide understanding ....
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Mr. Rajiv Chandra Rastogi (DIN: 00035460) resigned as Non-Executive Independent Director of Raunaq International Ltd effective close of business on October 5, 2025, citing poor health and personal reasons. He confirmed there are no other material reasons for his departure and does not hold directorships in any other listed entity. The company acknowledged that it delayed disclosing the resignation within the SEBI-mandated 24-hour window, explaining this was due to a misinterpretation of the rules — they applied the 7-day disclosure timeline meant for Independent Directors (sub-para 7B) instead of the 24-hour rule for general directorship changes (sub-para 7). The company expressed regret for the lapse and clarified there was no intent to non-comply. The filing is signed by Neha Batwal, Company Secretary and CFO, confirming the CFO role remains occupied.
The exit of one Independent Director for personal health reasons is unlikely to materially affect operations, but the company's admitted late filing of a director resignation is a minor compliance lapse that may attract a BSE/SEBI query or scrutiny, though no immediate financial impact for shareholders is expected.