Announced Fri, 9 Jan · 18:18 IST

APPOINTMENT OF MS. GOWHAR PARVEEN MALLIK (DIN:11225598) as Non - Executive and Non - Independent Director of the Company.

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

At its 2nd Extraordinary General Meeting on 9 January 2026, shareholders of Raconteur Global Resources approved three items. First, the change in designation of Ms. Gowhar Parveen Mallik (DIN: 11225598) from Additional Director to Non-Executive Non-Independent Director; she was originally appointed on 14 November 2025 and is not debarred from holding office. Second, a preferential allotment of 84,28,565 equity shares at Rs. 14 per share (including Rs. 4 premium), worth roughly Rs. 11.8 crore, to 13 non-promoter allottees. Third, a preferential issue of up to 2,23,21,421 warrants convertible into equity shares at Rs. 14 each (about Rs. 31.25 crore potential), also to non-promoters, with an 18-month conversion window.

Likely market impact

This is a sizeable capital raise that will dilute existing shareholders once both the shares and the convertible warrants are allotted and exercised. The new director is non-independent, so there is no addition to independent oversight on the board.