Intimation of Investment in the shares of Company/(es) proposed to be incorporated
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Raconteur Global Resources' board approved its audited FY25 (year ended March 31, 2025) results, reporting total income of Rs 50.74 lakhs (down from Rs 171.57 lakhs in FY24) and a net profit of Rs 16.42 lakhs. The statutory auditor issued a qualified opinion, flagging unreconciled trade receivables, trade payables, loans and advances and the absence of third-party confirmations — a repetitive qualification. The board also 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. Most notably, the board cleared the company to act as a subscriber to the Memorandum of Association of certain companies yet to be incorporated and to invest in their shares, making them subsidiaries of Raconteur. No details on investment amount, target sector or names of the proposed entities were disclosed.
For shareholders, the subsidiary plan signals fresh business expansion, but the lack of detail on capital deployment and sector leaves the move ambiguous. Combined with the recurring qualified audit opinion on unreconciled balances, the disclosure raises mild governance red flags even though there are no loan defaults and net worth remains healthy at Rs 18.54 crore.