Raconteur Global Resources Ltd (541703)

Raconteur Global Resources Limited has announced its 8th Annual General Meeting (AGM) scheduled for September 18, 2026, with book closure from September 15 to September 17, 2026. Key special business items include approval for a massive preferential issue expanding total equity shares from 1,32,77,843 to 4,20,27,842 shares. The company is also seeking shareholder approval for appointing M/s A S Bhutani & Associates as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s Kapil Sandeep and Associates. The record/cut-off date for e-voting is set for September 11, 2026.

• 8th AGM to be held on September 18, 2026, via Video Conferencing with book closure from September 15 to September 17, 2026.
• Proposed preferential issue will expand total share capital by 2,87,49,999 shares from 1,32,77,843 to 4,20,27,842 shares.
• Promoter shareholding will dilute further from 0.01% (736 shares) to 0.002% post-issue.
• Shareholder approval sought for M/s A S Bhutani & Associates as statutory auditors for a 5-year term following the previous auditor's resignation.
• Cut-off date for eligible voting shareholders is Friday, September 11, 2026.

Raconteur Global Resources has issued notice for its 8th Annual General Meeting to be held on September 18, 2026. The company is seeking shareholder approval for a substantial preferential issue of equity shares and warrants to non-promoter entities. The proposed issuance will increase the total share count from 13,277,843 to 42,027,842 shares, representing a 216% expansion in share capital. Additionally, the AGM will vote on the appointment of M/s A S Bhutani & Associates as statutory auditors for a five-year term.

• Proposed preferential issue will expand total equity shares from 13,277,843 to 42,027,842 shares (a 216% increase).
• Promoter shareholding will further dilute from 0.01% (736 shares) to 0.002% post-allotment.
• Bodies Corporate holding is set to expand from 7,996,053 shares (60.22%) to 31,998,910 shares (76.14%).
• AGM scheduled for September 18, 2026, with remote e-voting running from September 15 to September 17, 2026 (cut-off date September 11, 2026).
• Appointment of M/s A S Bhutani & Associates as statutory auditors for a 5-year term until the 13th AGM in 2031.

Raconteur Global Resources has approved a preferential fundraise of up to ₹30.00 crore, comprising ₹29.00 crore via 2.32 crore convertible warrants and ₹1.00 crore via 8.00 lakh equity shares at ₹12.50 per share to non-promoter entities. The proposed fundraise is massive relative to the company's current market cap of ₹11 crore (~272%). Additionally, the board approved the appointment of M/s A S Bhutani & Associates as statutory auditors following the resignation of the previous auditor, and scheduled its 8th AGM for September 18, 2026.

• Approved issuance of 2,32,00,000 convertible warrants at ₹12.50 each, aggregating to ₹29.00 crore to non-promoters
• Approved issuance of 8,00,000 equity shares at ₹12.50 each, aggregating to ₹1.00 crore to non-promoters
• Appointed M/s A S Bhutani & Associates as statutory auditors for 5 years following the resignation of M/s Kapil Sandeep & Associates
• 8th Annual General Meeting scheduled for September 18, 2026 to seek shareholder approval

Raconteur Global Resources has approved a preferential issue to raise up to Rs 30.00 crore from non-promoter investors at Rs 12.50 per unit. The fundraise comprises Rs 29.00 crore via 2.32 crore convertible warrants and Rs 1.00 crore via 8.00 lakh equity shares. Relative to its current market cap of Rs 11 crore, the total proposed issue is massive (~272% of market cap). In parallel, the company appointed M/s A S Bhutani & Associates as statutory auditors following the resignation of previous auditors.

• Approved issuance of 2,32,00,000 convertible warrants at Rs 12.50 each to raise Rs 29.00 crore
• Approved issuance of 8,00,000 equity shares at Rs 12.50 each to raise Rs 1.00 crore
• Appointed M/s A S Bhutani & Associates as Statutory Auditors for 5 years following previous auditor resignation
• AGM scheduled for September 18, 2026, to seek shareholder approval for the fundraise and auditor appointment

Raconteur Global Resources Ltd has scheduled a Board of Directors meeting on August 20, 2026, via video conferencing. The board will note the resignation of the Statutory Auditor and approve an appointment to fill the casual vacancy. Additionally, the board will consider and approve the issuance of securities on a preferential basis to non-promoter/public category investors. The company currently carries Rs 61 Cr in debt against a market capitalization of Rs 11 Cr.

• Board meeting scheduled for August 20, 2026, via video conferencing
• Agenda includes noting the resignation of the existing Statutory Auditor
• Casual vacancy appointment of a new Statutory Auditor under consideration
• Proposal to issue securities on preferential basis to Non-Promoters/Public Category

Raconteur Global Resources has scheduled a board meeting for July 30, 2026, to consider a preferential issue of equity shares. This fundraise is critical given the company's high debt of ₹61 cr against a small market capitalization of ₹11 cr. Notably, promoter holding has dropped to a negligible 0.01% as of March 2026, making the 'Promoter' category issuance a key point of interest for potential management changes or capital infusion. The company is currently loss-making, with a TTM PAT of -₹7 cr.

• Board meeting scheduled for July 30, 2026, to approve preferential share issuance
• Issuance intended for both Promoters and Non-Promoters/Public Category
• Company faces significant financial pressure with a Debt-to-Equity ratio of 2.77
• Promoter holding stands at a near-zero level of 0.01% as of the March 2026 filing
• TTM revenue of ₹4 cr is dwarfed by a total debt of ₹61 cr

Raconteur Global Resources Ltd has approved a proposal to raise capital through a preferential issue of securities. To determine the pricing, the board has appointed Mr. Sandeep Agrawal, an IBBI-registered valuer. While the board has authorized the fundraise, the specific issue size, pricing, and identity of investors remain 'not disclosed' and will be finalized in future meetings. This move comes as the stock has seen a 14.5% decline over the past 12 months, currently trading at Rs 13.2.

• Board approved the appointment of Mr. Sandeep Agrawal (IBBI/RV/06/2020/13344) as the registered valuer for share pricing.
• Proposal for fund raising via preferential issue of securities was discussed and approved on July 15, 2026.
• The board meeting commenced at 03:00 P.M. and concluded at 03:45 P.M.
• Stock price is currently Rs 13.2, with a 12-month return of -14.5%.