Termination of service of Mr. Anurag Garg, Internal Auditor of the Company with immediate effect
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Raconteur Global Resources Ltd has terminated its Internal Auditor, Mr. Anurag Garg (ICSI M. No. A73989), with immediate effect from September 4, 2025. The company alleges he was found stealing and transferring company data to a third party. The matter has been referred to police authorities for investigation and to the Disciplinary Committee of ICSI (Institute of Company Secretaries of India). The disclosure was signed by Whole-Time Director Surinder Kalra. Note: The annexure incorrectly refers to the role as 'Compliance Officer and Company Secretary,' while the main letter and headline clearly identify him as Internal Auditor.
This is a negative governance signal for shareholders — it points to a serious internal data breach and potential weakness in controls at a small-cap company. Expect near-term reputational risk, possible regulatory scrutiny, and further stock price pressure pending the outcome of the police and ICSI investigations.