Please find the attached file with respect to the Change in Management of the Company.
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At the 7th Annual General Meeting held on 25th July 2025, shareholders of Raconteur Global Resources Ltd approved raising the company's authorized share capital to Rs. 48 crore, divided into 4.8 crore equity shares of Rs. 10 each. In a rare move, shareholders also voted against the reappointment of Mr. Iqbal Singh (DIN: 02776893), a Non-Executive Director who was liable to retire by rotation. As a result, Mr. Iqbal Singh vacated his board seat with effect from 25th July 2025. No replacement director was announced in this filing, leaving a vacancy on the board. The increase in authorized capital creates room for a future fund-raise, stock split, or bonus issue, though no specific plan has been disclosed yet.
Shareholders actively rejecting a director's reappointment at an AGM is an unusual governance signal and may dent investor confidence in board oversight. The authorised capital hike is preparatory and does not mean immediate dilution, but it gives the company flexibility to issue more shares later.