Members of the Company has approved the Change in Directorate by way of Postal Ballot through remote e-voting.
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Raconteur Global Resources Ltd (formerly Ganesh Films India Ltd, BSE: 541703) has informed that shareholders approved four key items via postal ballot (e-voting from May 19 to June 17, 2025). Mr. Yogesh Singh Rana (DIN: 05304811), a Mechanical Engineering graduate with 20 years of industry experience, has been appointed as Director and Whole Time Director for a 3-year term from May 15, 2025 to May 14, 2028. He is not related to any existing director and is not debarred by SEBI. The company is also amending its Memorandum of Association to add new business objects, including IT/software/AI services, real estate and infrastructure development, defence/security equipment manufacturing (CCTV, drones, AI-driven security), and renewable energy (solar, wind, hydro power, EVs, smart grids). Additionally, terms of existing loan agreements with various entities have been revised.
The new WTD brings executive leadership to oversee a significant strategic pivot, as the company diversifies beyond its existing mining operations into IT, defence, real estate, and green energy sectors. Shareholders should monitor execution closely, given the wide and ambitious expansion into unrelated verticals, while the loan agreement revisions may affect the company's debt structure and interest costs.