Members of the Company has approved changes in the object clause and further alterations to the Memorandum of Association of the Company by way of postal ballot through remote e-voting.
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Shareholders of Raconteur Global Resources Ltd (formerly Ganesh Films India Ltd) approved four key items via postal ballot (e-voting from 19 May to 17 June 2025). Mr. Yogesh Singh Rana, a mechanical engineering graduate with 20 years of experience, was appointed as Director and designated as Whole Time Director for a 3-year term from 15 May 2025 to 14 May 2028. The company significantly expanded its main object clause in the MOA, adding five new business areas: IT/software/AI services, real estate and infrastructure development, defence and surveillance equipment (CCTV, drones, AI security), renewable energy manufacturing and projects (solar, wind, hydro), and green energy products including EVs and smart grids. The existing mining clause was also widened to include bio mining. Additionally, terms of loan agreements with various entities were revised.
This signals a major strategic pivot from a mining-focused entity into diverse high-growth sectors including IT, defence, renewable energy, and real estate, which could reshape the company's business profile and open new revenue streams — though execution risk remains high given the wide scope of new ventures. Shareholders should watch for follow-up announcements on actual business activity in these new segments.