Board Meeting20 Aug 2026, 07:30 pm
Raconteur Global Resources Board Approves Auditor Change & Preferential Issue
AI Summary
Raconteur Global Resources Ltd's Board of Directors met on August 20, 2026, approving the appointment of M/s A S Bhutani & Associates as Statutory Auditors for FY 2026-27 to 2030-31, filling a vacancy. The board also approved a preferential issue of 23,200,000 warrants convertible into equity shares at ₹12.50 each, raising ₹29 crore. Additionally, 800,000 equity shares will be issued at ₹12.50 each to non-promoters, raising ₹1 crore. The relevant date for calculating the issue price was set as August 19, 2026. The board also approved revised Board and Management Discussion & Analysis reports for FY 2025-26.
Key Highlights
- New statutory auditors appointed for a 5-year term.
- Preferential issue of 23.2 million warrants approved.
- Issuance of 800,000 equity shares approved.
- Total funds to be raised via preferential issues is ₹30 crore.
- Revised financial year reports for 2025-26 approved.
Price Impact
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