Chairman's Passport Appeal Against Revocation Status Settled; Rectification Steps Initiated at Raunaq International Ltd
Raunaq International Ltd has received an update regarding the passport appeal filed by its Chairman and Managing Director, Mr. Surinder Paul Kanwar. The appeal, which was lodged against the revocation of his passport, has been dismissed by an order issued by the Ministry of External Affairs.The dismissal followed an appeal dated April 15, 2026, filed by Mr. Kanwar under Section 11 of the Passports Act, 1967. The order disposing of the appeal was passed on July 23, 2026, by the Joint Secretary (PSP) and Chief Passport Officer (CPO), Ministry of External Affairs, with the document being received by Mr. Kanwar on July 29, 2026.
Mr. Kanwar has since informed the company that the appeal was disposed of without granting him an opportunity to represent his case. This situation is noted as being contrary to the proviso of Section 11(5) of the Passports Act, 1967, which mandates providing a reasonable opportunity before disposing of such an appeal.
In response, Mr. Kanwar is currently undertaking steps to file a rectification or clarificatory application regarding the order. He has also assured the company that he remains fully mindful of his fiduciary duties and will continue to keep the Board promptly informed of any material developments, ensuring statutory authorities are informed in a fair and transparent manner.
Raunaq International Ltd stated that it will provide updates on all material developments concerning this matter in accordance with applicable laws.
Stock Price Movement
Raunaq International Ltd settled at ₹29.85 on Wednesday, ticking down 0.50% in the post-market close. The shares traded completely flat through the session, locked entirely within the intraday range.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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