Board approves preferential issue of warrants and equity shares
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Raconteur Global Resources board approved issuing 17,058,818 convertible warrants at Rs 17 each (Rs 7 premium over Rs 10 face value) to 14 non-promoter allottees, raising about Rs 29 crore. Also approved 588,235 equity shares at Rs 17 each to Atharva LLP, raising about Rs 1 crore. Both are preferential issues subject to shareholder approval at AGM on 27 August 2026. Board also approved MDAR and Directors Report for FY 2025-26.
Equity dilution for existing shareholders. About Rs 30 crore raised but no end use disclosed. Warrants convertible in 18 months add potential future dilution.