Raconteur Global Resources Approves Share Allotment & Subsidiary Divestment
Raconteur Global Resources Ltd's Board of Directors met on July 2, 2026, approving the allotment of 2,499,999 equity shares upon conversion of share warrants at Rs. 14 each to non-promoters. This conversion increases the company's issued and paid-up capital to Rs. 13,27,78,430. The board also approved the initiation of voluntary strike-off for its wholly-owned subsidiary, Trustfield Project and Infra Limited. Additionally, Rockbase Real Estate Projects Limited, a wholly-owned subsidiary, executed a sale deed to divest its 49% stake, ceasing to be a wholly-owned subsidiary but remaining a subsidiary.
Key Highlights
- Approved allotment of 2,499,999 equity shares from warrant conversion.
- Issued and paid-up capital increased to Rs. 13,27,78,430.
- Subsidiary Rockbase Real Estate Projects divests 49% stake.
- Initiation of voluntary strike-off process for subsidiary Trustfield Project and Infra.
- Warrants for 4,749,999 shares remain outstanding for conversion.
Price Impact
More from GFIL
Raconteur Global Re-submits Financials with Revised Audit Impact Statement
Raconteur Global Resources Board Approves Warrant Call, Fund Raising
Raconteur Global Resources Board Meeting on June 9 to Approve Warrant Payment