NSEUpdates31 Jul 2026 · 31 Jul 2026, 02:31 pm
Updates
Bharat Gears Limited · BHARATGEAR
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Bharat Gears Limited has informed the Exchange that the appeal filed by its Chairman and Managing Director, Mr. Surinder Paul Kanwar, against the revocation of his passport has been dismissed. Mr. Kanwar has assured that he remains mindful of his fiduciary duties and will keep the Board informed of any material developments.
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Earnings Impact0/10
Growth Catalyst0/10
Governance Concern2/10
Regulatory Risk6/10
Balance Sheet Risk0/10
Liquidity Impact0/10
Market Sentiment0/10
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Full Announcement
Bharat Gears Limited has informed the Exchange regarding 'Intimation under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.:We refer to our letter dated April 16, 2026 made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Regulations").Pursuant to Regulation 30 read with Schedule III of the Regulations we hereby inform you that Mr. Surinder Paul Kanwar, Chairman and Managing Director of the Company, has intimated the Company that the appeal dated 15.04.2026 filed by him under Section 11 of the Passports Act, 1967, against the revocation of his passport, has been dismissed by an Order dated July 23, 2026 passed by the Joint Secretary (PSP) & Chief Passport Officer (CPO), Ministry of External Affairs, which was received by him on July 29, 2026. Mr. Kanwar has further informed the Company that the said appeal has been disposed of without providing him any opportunity of representing his case, which is contrary to the proviso to Section 11(5) of the Passports Act, 1967, which mandates that a reasonable opportunity has to be given before disposing of the appeal. Accordingly, he is in the process taking appropriate steps for filing a rectification/clarificatory/appropriate application viz. the said order.Mr. Kanwar has also assured that at every juncture, he remains fully mindful of his fiduciary duties and will continue to keep the Board promptly informed of any material developments and advised that the statutory authorities be informed accordingly in a fair and transparent manner.The Company will keep you informed of any material developments in this matter, as and when required, in accordance with applicable laws and regulations.You are requested to kindly take the same on record.
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EflANAT GEANS UMlTEtr
ab Regd Oftice & Works
20 K M. Mathura Road. PO. Box 328
PO. Amar Nagar. Fandabad 121003 (Haryana) INDIA
Geered for life Tel : '91 (129) 4288888, E-mail rnlo@bglindra com
Corporale ldentity Number r L29130HR1971P1 C034365
BG L/SEC/NSE/3/J U LY 2026-2027 BGUSEC/BSE t2t JULY 2026-2027
July 31, 2026
The Manager (Listing) The Manager (
National Stock Exchange of lndia Ltd
"Exchange Plaza", 5th Floor 1st Floor, Trading Ring
Plot No. C-1, G - Block
Bandra Kurla Complex rs, Dalal Street
Bandra (E) Mumbai - 400001
Mumbai - 400051
SYMBOL: BHARATGEAR STOCK CODE: 505688
Sub:
(Listinq Obliqations and Disclosure Requirements) Regulations,
2015
Ref: Our Letter dated April 16. 2026
Dear Sir/Madam,
We refer to our letter dated April 16,2026 made pursuant to Regulation 30 read
with Schedule lll of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (the "Regulations").
Pursuant to Regulation 30 read with Schedule lll of the Regulations we hereby
inform you that Mr. Surinder Paul Kanwar, Chairman and Managing Director of
the Company, has intimated the Company that the appeal dated ',l5.04.2026 filed
by him under Section 1'1 of the Passports Act, 1967, against the revocation of his
passport, has been dismissed by an Order dated July 23,2026 passed by the
Joint Secretary (PSP) & Chief Passport Officer (CPO), Ministry of External Affairs,
which was received by him on July 29,2026.
Mr. Kanwar has further informed the Company that the said appeal has been
disposed of without providing him any opportunity of representing his case, which
is contrary to the proviso to Section 1(5) of the Passports Act, 1967, which
mandates that a reasonable opportunity has to be given before disposing of the
appeal. Accordingly, he is in the process taking appropriate steps for filing a
rectification/clarificatory/appropriate application viz. the said order.
Mr. Kanwar has also assured that at every juncture, he remains fully mindful of
his fiduciary duties and will continue to keep the Board promptly informed of any
material developments and advised that the statutory authorities be informed
accordingly in a fair and transparent manner.
The Company will keep you informed of any material developments in this matter,
as and when required, in accordance with applicable laws and regulations.
You are requested to kindly take the same on record.
Thanking you,
F T GEARS LIMITED
Prashantf(hattry
Corporate Head (Legal) and Company
Mumbai Office : 14th Floor Hoechst House. Nariman Point, Mumbai 400 02'l INDIA
nfu@ fel.. +9'l(24 22a3 2370, Fa\ '.+91-(2212282 '1465, Email: inlo@bharatgears.com
[t.umbra Works i Kausa Shal, Mumbra, Distt Ihane-400 612, (Maharashtra) INDIA
fel. . +91122).2535 2034,2535 7500, Fax: +91(22) 2535 1651
www bharatgears.com