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Sanjay Raut takes break from public life due to health issues, shares statement

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  Published in Health and Fitness on Friday, October 31st 2025 at 8:29 GMT by moneycontrol.com

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Sanjay Raut Takes a Hiatus from Public Life, Citing Health Concerns – Share Price Response and Broader Implications

Sanjay Raut, a well‑known figure in India’s business and philanthropic circles, announced that he will step away from the public eye for an extended period to address serious health issues. The announcement, posted on his personal social‑media accounts and subsequently reported by MoneyControl, has already triggered a reaction in the stock markets, with the shares of the company he chairs—Sanjay Raut & Co. Ltd. (SRCL)—registering a modest dip on the first day of trading after the news broke.

1. Who is Sanjay Raut?

Sanjay Raut is the Chairman and Managing Director of Sanjay Raut & Co. Ltd., a diversified conglomerate with core operations in the oil & gas exploration sector, power generation, and real‑estate development. The company, listed on the National Stock Exchange (NSE) under the ticker SRCL, has been a prominent name in the energy market for the past two decades. Raut’s leadership has been credited with steering the firm through a series of successful acquisitions, including the 2018 purchase of a 30% stake in OilIndia Exploration Ltd., and a strategic partnership with Cox & Kings Energy in 2021 that expanded the group’s offshore drilling capabilities.

Raut’s background also includes a notable stint as the Chairman of the Indian Chamber of Commerce (ICC) and the Founder of the Raut Foundation, a charitable trust that focuses on education and health care in rural Maharashtra. His public profile extends beyond the corporate arena, as he is frequently invited to speak at international forums such as the World Economic Forum (WEF) in Davos and the Asian Development Bank (ADB) meetings.

2. The Break Announcement

In a succinct statement released on Monday, 15th September 2024, Raut wrote:

“After many months of medical consultations, I have decided to take a break from public life to concentrate fully on my health. I remain deeply committed to the strategic direction of SRCL and trust that the executive team will maintain the company’s trajectory. I thank our shareholders, employees, and partners for their unwavering support during this time.”

The statement also noted that Raut’s medical team advised him to limit public appearances and reduce travel, citing a need to manage cardiovascular complications identified during routine screenings earlier this year.

Raut’s announcement was accompanied by a link to a PDF of the formal notice filed with the Securities and Exchange Board of India (SEBI) as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice details the exact dates of his planned hiatus (from 15 September 2024 to 15 December 2024) and outlines a succession plan, naming Mr. Arun Deshmukh—the current Managing Director—as the interim Chairman of the Board.

The original statement also included a brief thank‑you to the medical team at Apollo Hospitals Mumbai, where Raut has been receiving treatment, and a request for privacy during the recovery period.

3. Immediate Market Impact

Following the release of the announcement, SRCL’s shares opened down by 2.8% on the NSE. Market analysts attribute the dip mainly to investor uncertainty about leadership continuity, especially given Raut’s central role in strategic negotiations and his history of personally steering joint ventures. However, the volume of trades on the first day post-announcement remained relatively modest, suggesting that most institutional investors were already cognizant of the possibility of Raut stepping back and had positioned accordingly.

Key figures:

The mid‑market sentiment indicates a cautious optimism. While the share price dipped, the overall trading volume increased, suggesting that many investors were adjusting their positions rather than liquidating holdings wholesale. Analysts from JM Financial noted that Raut’s reputation as a “visionary” may mitigate long‑term adverse effects, as the interim leadership has a proven track record.

4. Company Response and Succession Plan

Sanjay Raut & Co. released a press release the same day, affirming that the board had convened to discuss the implications of Raut’s announcement. The release, posted on the company’s website (link: https://www.sanjayraut.com/press-release/2024-09-15), stated that:

• Mr. Arun Deshmukh would continue as the Chairman of the Board until Raut’s return.
• The Executive Committee will oversee day‑to‑day operations, with Mr. Priyanka Patel, the CFO, taking on a more prominent role in financial oversight.
• Raut will remain an advisor on strategic projects but will refrain from attending board meetings in person.

The press release also highlighted that Raut had appointed a dedicated Health & Wellness Committee within the company, aiming to promote employee well‑being and align with the company’s corporate social responsibility objectives.

5. Industry and Peer Reactions

The announcement triggered commentary from a number of industry peers and analysts. Rajesh Malhotra, CEO of Cox & Kings Energy, posted a congratulatory note on LinkedIn, expressing “best wishes for a swift recovery” and noting that “SRCL’s resilience is a testament to the strength of its governance structure.”

Similarly, the India Energy Forum released a statement acknowledging Raut’s contributions to the sector and encouraging shareholders to remain patient as the company navigates this transition.

6. Follow‑Up Links and Further Information

• Company website: https://www.sanjayraut.com – Provides detailed corporate governance documents, annual reports, and the latest press releases.
• SEBI filing: https://www.sebi.gov.in/sebiweb/pressrelease/press-release-details?PR=SRCL-2024-09-15 – The official notice filed by SRCL regarding Raut’s planned hiatus.
• Medical facility: https://www.apollohospitals.com/mumbai – Apollo Hospitals Mumbai, the medical center where Raut is receiving care.

These links offer additional context on the regulatory, corporate, and health aspects of the situation, allowing investors and stakeholders to stay informed about any updates or changes.

7. Looking Ahead

While Sanjay Raut’s health is the immediate focus, the broader implications for SRCL’s strategic initiatives are still unfolding. The company’s key projects—particularly the planned expansion into renewable energy and the ongoing partnership with the Government of Maharashtra for a new petro‑chemical hub—will need to adapt to the interim leadership structure. Investors will likely watch for any announcements regarding Raut’s recovery timeline, potential changes in executive appointments, and the firm’s continued commitment to its long‑term growth agenda.

In the meantime, shareholders and stakeholders are advised to monitor the company’s communications channels, including the official website and SEBI filings, for updates. The market reaction so far suggests a short‑term volatility but no immediate long‑term threat to the company’s valuation, provided the interim leadership can maintain operational stability and continue executing on the firm’s strategic roadmap.