StockWatch
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Speciality Retail
Board Meeting20 Aug 2026, 07:40 pm

Raconteur Global Approves Warrants & Equity Issue

AI Summary

Raconteur Global Resources Ltd's Board has approved the issuance of warrants convertible into equity shares and equity shares on a preferential basis, subject to shareholder approval. The company plans to issue 23,200,000 warrants at ₹12.50 each, aggregating ₹29 crore, and 800,000 equity shares at ₹12.50 each, aggregating ₹1 crore, to non-promoter/public shareholders. Additionally, the Board approved the appointment of M/s A S Bhutani & Associates as Statutory Auditors for FY 2026-27 to FY 2030-31, filling a casual vacancy. A relevant date of August 19, 2026, was set for calculating the issue price.

Key Highlights

  • Board approves preferential issue of warrants and equity shares.
  • Total fundraising via warrants and shares amounts to ₹30 crore.
  • New statutory auditors appointed for a five-year term.
  • Shareholder approval is required for both the issuance and auditor appointment.