Appointment of Mr. Arvinder Singh Kohli as Additonal Director (Non-Executive Independent)
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Raconteur Global Resources Ltd's board, meeting on March 18, 2026, approved four key items. First, it allotted 55,64,283 equity shares at Rs 14 each (face value Rs 10 + Rs 4 premium) to non-promoters — 11,49,998 shares for cash (Rs 1.61 crore) and 44,14,285 shares via loan conversion (Rs 6.18 crore). Second, it allotted 72,49,998 convertible warrants at Rs 14 each to non-promoters, aggregating to Rs 10.15 crore (25% upfront, 75% within 18 months). Paid-up capital rose to Rs 10.78 crore. Third, it appointed Mr. Arvinder Singh Kohli (DIN: 08444774) as Additional Non-Executive Independent Director. Fourth, it appointed Mr. Surinder Kalra as Internal Auditor, who notably is also the company's Whole-Time Director.
The preferential allotments and warrants will dilute existing shareholders but bring in roughly Rs 11.75 crore of fresh capital plus Rs 6.18 crore of loan conversion, potentially strengthening the balance sheet. Shareholders should note that the Whole-Time Director being appointed as Internal Auditor may raise governance concerns regarding independence of the audit function.