DISCLOSURE UNDER REGULATION 30 OF SEBI LODR REGULATIONS, 2015- AMENDMENTS TO MEMORANDUM OF ASSOCIATION
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Raconteur Global Resources Ltd (formerly Ganesh Films India Ltd) held an Extra-Ordinary General Meeting on 2nd May 2025 where shareholders approved several key items. Three directors — Mr. Surinder Kumar Kalra (Rs. 6 lakh/year), Ms. Hina (Rs. 2.4 lakh/year), and Mr. Shah Adnan Khan (Rs. 3.6 lakh/year) — were redesignated as Executive Whole-Time Directors for 3-year terms. The company's Memorandum of Association was amended to add two new business lines: IT/computer hardware/software/AI/NLP services and real estate/infrastructure development. Additionally, terms of loan agreements with various entities were revised.
The MOA amendment signals a major business pivot into IT and real estate, moving away from the company's original film/media identity. Shareholders should watch for execution risk as the company ventures into entirely new sectors with newly appointed executive directors.