Raunaq International Ltd Chairman Files Appeal Against Passport Revocation Order
Raunaq International Ltd informed the board that the citizenship status of its Chairman and Managing Director, Surinder Paul Kanwar, continues to be handled on record following a board meeting held on January 23, 2026. At that time, the Board had concluded that until any direction or order is issued by the Central Government regarding his citizenship status, Mr. Kanwar shall be regarded as a citizen of India, continuing to discharge his responsibilities as Chairman and Managing Director.The company reported that Mr. Kanwar received a communication from the Regional Passport Office regarding the revocation of his passport, which includes a right of appeal to the concerned Passport Office. Taking legal advice, Mr. Kanwar promptly filed an appeal on April 15, 2026, with the competent authority at the Central Passport office. The appeal seeks two main reliefs: a stay of the revocation and the quashing of the revocation order.
Mr. Kanwar clarified that he is informing the Board of this development at this substantive juncture, which is upon filing the appeal.
Furthermore, the Company noted that Mr. Kanwar is awaiting a reply to his letter, dated March 30, 2026, seeking clarification on his citizenship status from the Central Passport Office.
Mr. Kanwar reiterated that he remains fully mindful of his fiduciary duties and assured the Company that he will continue to keep the Board promptly informed of any material developments, advising that statutory authorities be informed accordingly in a fair and transparent manner.
The company stated that it will keep stakeholders informed of any material developments in this matter, as and when required, in accordance with applicable laws.
Stock Price Movement
Raunaq International Ltd closed Monday at ₹52.98, marking a gain of 3.66% on the day. The shares traded throughout the session within a noticeable range, bouncing between a low of ₹49.99 and a high of ₹53.00.Source:
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