Raunaq International Ltd — Important, 28-11-2025: Company Update

The company's Board held a meeting to address concerns raised about the citizenship status of its Chairman and Managing Director, Mr. Surinder Paul Kanwar. These concerns initially arose from an anonymous letter, which Mr. Kanwar considered lacking verifiable details, an assessment supported by a non-existent return address. The Board also noted a similar communication from Gulab Merchandise Private Limited, a promoter group entity currently involved in a lawsuit against the company and Mr. Kanwar. The Board advised management to monitor the matter with the Ministry of Corporate Affairs and to seek an independent legal opinion before determining the next steps.