Appointment of Mr. Arvinder Singh Kohli as Additional Director (Non-Executive Independent)
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Raconteur Global Resources Ltd held a board meeting on 18th March 2026 where several decisions were taken. The board appointed Mr. Arvinder Singh Kohli (DIN: 08444774) as an Additional Non-Executive Independent Director; he is a practicing Company Secretary with over 20 years of experience in corporate advisory and compliance. The company also allotted 55,64,283 equity shares at INR 14/- per share (face value INR 10, premium INR 4) on a preferential basis to non-promoters, of which 44,14,285 shares were issued upon conversion of a loan of about INR 6.18 crore. Additionally, 72,49,998 convertible warrants were allotted to non-promoters at INR 14/- per warrant, potentially raising up to INR 10.15 crore when converted within 18 months. The paid-up capital of the company increased to about INR 10.78 crore. Mr. Surinder Kalra, the existing Whole-Time Director, was also appointed as Internal Auditor of the company.
The preferential allotments and warrants will dilute existing shareholders and bring in fresh capital, while the loan conversion reduces debt on the books. The addition of an independent director strengthens board composition, though the appointment of the existing Whole-Time Director as Internal Auditor may raise governance questions since internal auditors are typically expected to be independent of management.