Raconteur Global Resources Limited has announced a series of key corporate decisions following a meeting of its board of directors held on December 13, 2025. The meeting was conducted via video conferencing and focused on capital raising initiatives, senior management appointments, and the shareholder approval process.
Approval of Preferential Issue
The board has approved a preferential issue aggregating to approximately ₹430.50 crore to investors in the non-promoter and public categories. The proposed issue comprises 2.22 crore warrants convertible into equity shares and 84.99 lakh equity shares, both priced at ₹14 per share, including a premium of ₹4 over the face value of ₹10.
The pricing of the securities has been determined by a registered valuer in compliance with applicable SEBI regulations. The preferential issue represents a significant addition to the company’s capital base and is subject to shareholder approval.
Terms of Warrant Conversion
Each warrant issued under the preferential allotment is convertible into one equity share. The warrants may be exercised within a period of 18 months from the date of allotment, either in one or multiple tranches, upon payment of the full consideration amount.
The conversion terms include adjustment provisions to account for corporate actions such as capitalization of reserves, rights issues, mergers, demergers, or consolidation and subdivision of equity shares that may occur before conversion.
Investor Participation and Allocation
The preferential issue has attracted participation from several non-promoter investors. Among the warrant allottees are Sampat Singh Ahluwalia, Ankit Sapra, Indra Financial Services Limited, and Max Biobio Sciences Private Limited. Equity share allotments include Ecomatix Solutions Private Limited, Maanya Somani, and Natures Heavens India Private Limited, among others.
Appointment of Company Secretary
The board has approved the appointment of Ms. Priya Mathur as Company Secretary and Compliance Officer of the company, effective December 15, 2025. The appointment follows recommendations from the Nomination and Remuneration Committee. Ms. Mathur is an associate member of the Institute of Company Secretaries of India and is not related to any of the directors of the company.
Extra-Ordinary General Meeting Schedule
To seek shareholder approval for the proposed preferential issue, the company has scheduled an Extra-Ordinary General Meeting (EGM) on January 9, 2026, to be conducted through video conferencing. The company will circulate the notice of the meeting and related documents to shareholders in due course.
The remote e-voting process will open on January 6, 2026, and close on January 8, 2026, with January 2, 2026, set as the cut-off date for determining shareholder eligibility. The results of the voting are expected to be announced by January 13, 2026. A practicing company secretary has been appointed as scrutinizer to oversee the e-voting process.
Disclaimer:
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