Please find the attached Voting Results for the seventh (7th) Annual General Meeting of the Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Raconteur Global Resources Ltd held its 7th Annual General Meeting on 25th July 2025 via video conferencing, where 3 resolutions were put to vote. Out of 518 shareholders on record date, only 14 attended via VC and a total of 840,222 votes were polled (just 16.11% of outstanding shares of 5,213,561). Resolution 1 (adoption of audited financial statements for FY ending 31 March 2025) was passed with 100% votes in favor. Resolution 3 (increase in authorised share capital) was also passed with 100% votes in favor. However, Resolution 2 (re-appointment of Mr. Iqbal Singh, DIN: 02776893, as a director liable to retire by rotation) FAILED, receiving only 36.08% votes in favor (303,190) versus 63.92% against (537,032), with public non-institutional shareholders overwhelmingly voting against it (only 36.02% in favor).
The failure of Resolution 2 is unusual and notable — Mr. Iqbal Singh's re-appointment as a director has been rejected by shareholders, largely due to opposition from public non-institutional holders, which could lead to board composition changes or require the company to seek re-approval. The successful passing of the authorised share capital increase suggests potential fundraising or stock-split plans ahead, which could dilute existing shareholders.