Raconteur Global Resources Limited company name has approved a preferential issue of warrants convertible into equity shares and equity shares to non-promoter investors, raising approximately ₹28.99 crore. The Board of Directors finalized the terms during its meeting on July 30, 2026, setting the issue price at ₹17 per security, including a premium of ₹7 per share. This capital raise aims to strengthen the company’s financial position while broadening its shareholder base through institutional and individual non-promoter participation.

The issuance is structured in two components: 17,058,818 warrants convertible into equity shares and 588,235 equity shares. Both instruments are priced at ₹17 each. The warrants are convertible into one equity share each within 18 months from the date of allotment. The relevant date for determining the issue price was fixed as July 28, 2026, based on a valuation report dated July 29, 2026, issued by Mr. Sandeep Agrawal, a Registered Valuer with the Insolvency and Bankruptcy Board of India (IBBI). The company notified the Listing Department of BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Issue Structure and Pricing

The preferential issue targets exclusively non-promoter/public category shareholders. The total consideration for the warrants amounts to ₹28,99,99,906, while the equity shares component raises ₹99,99,995. The issue price was calculated in accordance with Regulation 164 read with Regulation 166A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The warrants allow investors to convert their holdings into equity shares in one or more tranches upon payment of the full warrant price. Adjustments will be made if the company undertakes capitalization of profits, rights issues, or other corporate actions affecting share capital during the interim period.

Allotment Details

The securities have been allotted to various non-promoter entities and individuals. Key allottees include Boolean Ventura Private Limited and Grip Assets Management Pvt Ltd, each receiving 2,941,176 warrants. Other significant participants include Nature Heavens India Private Limited (2,111,764 warrants) and Max Biosciences Private Limited (2,123,529 warrants). Atharva LLP is the sole allottee for the direct equity share component, receiving 588,235 shares.

Corporate Governance and AGM

The Board also approved the Management Discussion and Analysis Report and the Director’s Report for Financial Year 2025-26. Mr. Devender Singh, Proprietor of M/s Devender Singh and Associates, was appointed as the Scrutinizer for the remote e-voting process at the forthcoming Annual General Meeting (AGM). The 8th AGM is scheduled for August 27, 2026, at 1:00 P.M. at the company’s registered office in Mumbai. Shareholders can vote electronically from August 24 to August 26, 2026. The final approval of the preferential issue is subject to shareholder consent at this meeting.

Raconteur Global Resources Limited's board approved a proposal to raise funds through the preferential issue of securities on July 15, 2026. The meeting, held via video conferencing, authorized the evaluation and finalization of terms including size, pricing, and timing of the issue. This decision aims to secure capital for the company's operations and strengthen its financial resources.

Agenda Details

The board approved the fund raising proposal subject to applicable laws and regulatory approvals, including shareholder consent. The detailed terms, such as the number of securities, issue price, and category of investors, will be determined in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Valuation Appointment

Mr. Sandeep Agrawal, a Registered Valuer registered with the Insolvency and Bankruptcy Board of India (IBBI) with Membership No. IBBI/RV/06/2020/13344, was appointed to carry out the valuation of the equity shares. This valuation is required for the issuance of shares as per the provisions of the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.

Meeting Information

The intimation was submitted to BSE Limited pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Raconteur Global Resources Limited is listed on the BSE with scrip code 541703.