Bharat Gears Legal & Regulatory
Bharat Gears' CMD Surinder Paul Kanwar reported that his passport revocation appeal was dismissed. He is pursuing legal rectification while maintaining his fiduciary duties to the company.
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Bharat Gears' CMD Surinder Paul Kanwar reported that his passport revocation appeal was dismissed. He is pursuing legal rectification while maintaining his fiduciary duties to the company.
Bharat Gears clarifies that Mr. Sameer Kanwar holds nil shares. His claim of beneficial interest is contested in the Delhi High Court and labeled as misleading.
Bharat Gears appointed an external agency to assess concerns regarding the Joint Managing Director's practices. The company aims to ensure corporate governance transparency.
Bharat Gears reported an insider trading violation involving its Joint Managing Director sharing draft financial results with unauthorized parties. The company is initiating an internal inquiry.
Bharat Gears Limited updated exchanges on the passport revocation notice received by Chairman Surinder Paul Kanwar. Mr. Kanwar has filed an appeal with the Central Passport Office seeking a stay and quashing of the order. The Board maintains that his Indian citizenship remains unchanged pending a final decision from the Central Government.