The shareholders at its seventh (7th) Annual General Meeting held today has approved the Change of Capital clause and further alteration in the Memorandum of Association of the Company.
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Raconteur Global Resources Ltd (formerly Ganesh Films India Ltd) held its 7th Annual General Meeting on July 25, 2025. Shareholders approved an increase in the company's authorized share capital to Rs. 48 crore, divided into 4.8 crore equity shares of Rs. 10 each, along with the corresponding alteration to the Memorandum of Association. Separately, the resolution to re-appoint Non-Executive Director Mr. Iqbal Singh (DIN: 02776893) by way of retirement by rotation was rejected by shareholders, resulting in his cessation as Director with effect from July 25, 2025.
The increase in authorized share capital gives the company room to issue more equity shares in the future, which could be used for fundraising or expansion but also carries potential dilution risk for existing shareholders. The unexpected rejection of the director's re-appointment signals shareholder dissatisfaction and may create short-term governance uncertainty.