The Board has approved the issuance of warrants convertible into equity shares and equity shares on preferential basis subject to approval of the members in the ensuing general meeting
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The Board of Raconteur Global Resources Ltd (formerly Ganesh Films India Ltd) approved a preferential issue comprising 2,22,49,993 warrants convertible into equity shares and 84,99,993 equity shares of Rs. 10 face value each. Both are priced at Rs. 14 per share (including Rs. 4 premium) and will be allotted to non-promoter/public category investors in cash. Each warrant is convertible into one equity share within 18 months from allotment. If fully subscribed and converted, the company could raise roughly Rs. 43 crore. The issue is subject to shareholder approval at an Extra-Ordinary General Meeting scheduled for January 9, 2026. The Board also appointed Ms. Priya Mathur as Company Secretary and Compliance Officer effective December 15, 2025.
This will lead to dilution of existing shareholders once warrants are converted. The issue price of Rs. 14 is at a modest premium to face value, and the stock may face short-term pressure due to the large number of shares entering the system. Shareholders should watch the EGM outcome on January 9, 2026.