Intimation of Appointment of Secretarial Auditor
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Raconteur Global Resources Ltd held a board meeting on 27 May 2025 and approved audited financial results for FY25 (year ended 31 March 2025). Total revenue stood at Rs 50.74 lakhs versus Rs 171.57 lakhs in FY24, while net profit fell to Rs 16.42 lakhs from Rs 27.87 lakhs; EPS was Rs 0.54 and net worth grew to Rs 1,854.13 lakhs. The statutory auditor (Kapil Sandeep & Associates) issued a qualified opinion, flagging that trade receivables, payables, loans and advances could not be independently confirmed and that the company undertook significant cash transactions, making any potential misstatement unquantifiable. The board appointed Mr. Shailendra Kumar Roy as Secretarial Auditor for FY25 and elevated existing Whole Time Director Ms. Hina to the additional role of Chief Financial Officer. The board also approved the company acting as a subscriber to the MoA of certain proposed companies that would become its subsidiaries.
Shareholders should note the continued decline in operating revenue (from Rs 171.57 lakhs to Rs 50 lakhs) and a recurring qualified audit opinion, which together raise concerns about financial transparency and earning quality. On the positive side, the CFO appointment from within the board and the planned subsidiary expansion signal an effort to consolidate operations, though investors may want clarity on the cash-heavy transactions and unconfirmed balances before drawing comfort.