APPOINTMENT OF MS. GOWHAR PARVEEN MALLIK (DIN:11225598)AS NON- EXECUTIVE AND NON - INDEPENDENT DIRECTOR OF THE COMPANY.
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Raconteur Global Resources Ltd held its 2nd EGM on 9 January 2026, where shareholders approved three items. First, Ms. Gowhar Parveen Mallik (DIN: 11225598) was appointed as Non-Executive Non-Independent Director, effective from 14 November 2025, and is liable to retire by rotation. Second, the company got approval to allot 84,28,565 equity shares on a preferential basis to 13 non-promoter allottees at Rs. 14 per share (including Rs. 4 premium), raising roughly Rs. 11.8 crore. Third, shareholders approved issuing up to 2,23,21,421 warrants convertible into equity shares to 16 non-promoter allottees at Rs. 14 per warrant, convertible within 18 months, which could bring in up to ~Rs. 31.25 crore more if fully exercised. All issue prices were determined as per SEBI ICDR Regulations by a registered valuer.
For shareholders, this means a significant potential dilution of equity - if all warrants are converted, the combined preferential issues could expand the share base by over 3 crore shares. The capital infusion (up to ~Rs. 43 crore) is targeted at non-promoters, which may dilute existing promoter holding. The new non-executive director appointment does not affect day-to-day operations but signals governance-related changes at the board level.