Please find the attached file with respect to cessation of office of Director by Mr. Iqbal Singh.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At its 7th Annual General Meeting held on 25th July 2025, shareholders of Raconteur Global Resources Ltd (formerly Ganesh Films India Ltd, Scrip Code: 541703) approved two key items. First, the authorized share capital was increased to Rs. 48 crore, divided into 4.8 crore equity shares of Rs. 10 each, which suggests the company is preparing for a potential fund-raising or stock split in the future. Second, Non-Executive Director Mr. Iqbal Singh (DIN: 02776893) ceased to hold office because shareholders voted against his reappointment by rotation at the AGM. Since the resolution was rejected, he had to vacate his directorship with effect from 25th July 2025. The filing was made by Anurag Garg, Company Secretary, under SEBI Listing Regulations.
The jump in authorized share capital points to likely future equity issuance, which could dilute existing shareholders if new shares are eventually issued. The shareholder-driven exit of a director is an unusual governance event and may raise concerns about board-level disagreements or investor dissatisfaction with the company's direction.