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.

Raconteur Global Resources reported a standalone net loss of ₹673.66 lakh for the financial year ended March 31, 2026, on total income of ₹783.75 lakh. The company’s auditors issued a qualified opinion, citing the non-receipt of external balance confirmations required under SA 505 as a limitation of scope. Consequently, the adjusted turnover figures are not determinable, and the auditors could not verify the completeness of trade receivables, payables, and loans.

The Board of Directors approved the audited financial results for the standalone and consolidated entities for the year ended March 31, 2026, on May 30, 2026. Following a query from BSE, the company resubmitted the complete results along with a revised Statement of Impact of Audit Qualifications. The filing confirmed that the frequency of the qualification regarding balance confirmations is repetitive.

In the consolidated financial statements, the company reported a net loss of ₹2132.85 lakh on a total income of ₹795.82 lakh. The auditors identified an additional qualification regarding the subsidiary Raconteur Granite Limited (RGL), which failed to charge depreciation on fixed assets for the year. This non-compliance with AS 6 and Schedule II of the Companies Act, 2013, resulted in an overstatement of profit and net block, though the quantum remains unquantifiable as asset details were not provided.

Management stated that it is in the process of obtaining balance confirmations and does not expect material adjustments. Regarding the depreciation issue at RGL, management acknowledged the non-compliance and is compiling asset details to compute the necessary depreciation. The auditors maintained that management's assurance does not substitute for direct third-party confirmation and emphasized that the non-provision of depreciation prevents the financial results from presenting a true and fair view.

Standalone Financial Highlights (FY26)

Consolidated Financial Highlights (FY26)