Raunaq International announced that its Chairman and Managing Director, Mr. Surinder Paul Kanwar, had his appeal against the revocation of his passport dismissed.

Mr. Kanwar communicated that this decision was made without him being granted an opportunity to represent his case.

He is actively preparing to file a new application to challenge or clarify this order.

Mr. Kanwar reaffirmed his commitment to his fiduciary duties and will keep the Board fully informed of all significant developments.

The company also confirmed it would continue to provide updates on this matter to stakeholders.