The Company approved the issuance of warrants convertible into equity shares and equity shares on preferential basis subject to the approval of the members in the ensuing general meeting.
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The board of Raconteur Global Resources Ltd approved issuing up to 2,22,49,993 warrants convertible into equity shares and 84,99,993 equity shares on a preferential basis to non-promoter/public category investors. The issue price has been fixed at Rs. 14 per share (Rs. 10 face value plus Rs. 4 premium), as determined by an independent registered valuer. If fully subscribed and converted, the total potential raise is around Rs. 43 crore. The allottees include several financial firms, LLPs, and individual investors such as Indra Financial Services, Cosmos Investfi Asset Management LLP, Regency Digitrade Investments, and Ecomatix Solutions. The issue is subject to shareholder approval at the Extra-Ordinary General Meeting scheduled for January 9, 2026. Additionally, the board appointed Ms. Priya Mathur as the new Company Secretary and Compliance Officer effective December 15, 2025.
The preferential issue at a Rs. 4 premium will dilute existing shareholders, but brings in fresh capital from non-promoter investors, which could support business growth. Expect short-term share price volatility as the market digests the dilution, with final impact depending on how the funds are deployed.