Raconteur Global Resources Limited announced significant corporate developments following its board meeting held on December 13, 2025. The meeting, conducted through video conferencing from 4:00 PM to 6:00 PM, resulted in several key decisions that will shape the company's capital structure and leadership.

Major Preferential Issue Approved

The board approved a substantial preferential issue to non-promoter and public category investors. The approval includes the issuance of 2.22 crore warrants and 84.99 lakh equity shares at ₹14.00 per share.

The issue price of ₹14.00 per share, including a premium of ₹4.00, was determined by registered valuer Ms. Swati Chaturvedi (IBBI Registration No. IBBI/RV/06/2019/11765) in accordance with SEBI regulations. The total value of this preferential issue amounts to approximately ₹430.50 crores, representing a significant capital raising exercise for the company.

Warrant Conversion Terms

The warrants carry specific conversion features designed to provide flexibility to investors. Each warrant converts into one equity share and can be exercised within 18 months from the allotment date. Investors can convert warrants in one or more tranches during this period, provided they pay the full warrant price before exercising the conversion option.

The warrants include protective provisions for various corporate actions. They will be subject to appropriate adjustments if the company undertakes capitalization of profits or reserves, demerger, rights issues, or consolidation/sub-division of equity shares during the interim period.

Key Investors and Allocation

The preferential issue includes participation from multiple non-promoter investors across both categories. Major warrant allocations include Sampat Singh Ahluwalia (21.43 lakh warrants), Ankit Sapra and Indra Financial Services Limited (30.95 lakh warrants each), and Max Biobio Sciences Private Limited (21.43 lakh warrants).

For equity shares, significant allocations include Ecomatix Solutions Private Limited (37.00 lakh shares), Maanya Somani and Natures Heavens India Private Limited (7.14 lakh shares each).

Leadership Appointment

The board appointed a new Company Secretary effective December 15, 2025. Based on recommendations from the Nomination and Remuneration Committee, Ms. Priya Mathur was appointed as Company Secretary and Compliance Officer.

Shareholder Approval Process

The board scheduled an Extra-Ordinary General Meeting for January 9, 2026, at 12:00 noon through video conferencing to seek shareholder approval for the preferential issues. The company will dispatch notices and relevant documents to shareholders in due course.

The board also appointed Mr. Devender Singh (ICSI M.No: A76094 and CoP: 28056), proprietor of M/s Devender Singh and Associates, Practicing Company Secretary, as scrutinizer for conducting the remote e-voting process in a fair and transparent manner.

Strategic Implications

This preferential issue represents a significant capital raising initiative for Raconteur Global Resources. The funds raised through this exercise will likely support the company's growth plans and operational requirements. The involvement of multiple non-promoter investors across both warrant and equity categories indicates broad-based investor interest in the company's prospects.

The 18-month conversion window for warrants provides the company with flexibility in managing its equity dilution while giving investors time to assess the company's performance before making final conversion decisions.

Raconteur Global Resources Limited, a company listed on the Bombay Stock Exchange (BSE: 541703), has taken swift action against its Compliance Officer and Company Secretary, Mr. Anurag Garg, following allegations of data theft. The company announced the immediate termination of Mr. Garg's services on September 4th, 2025, citing serious misconduct.

Allegations and Termination

According to the company's official statement, Mr. Anurag Garg (Membership No. A73989) was found to be involved in stealing and transferring company data to third parties. This breach of trust led to his immediate dismissal from his roles as both Compliance Officer and Company Secretary.

Legal and Regulatory Actions

Raconteur Global Resources has taken several steps in response to this incident:

1. Police Investigation: The company has referred the matter to police authorities for a thorough investigation into the alleged data theft.

2. ICSI Disciplinary Committee: The incident has been reported to the Disciplinary Committee of the Institute of Company Secretaries of India (ICSI), which oversees the professional conduct of company secretaries.

3. BSE Notification: In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has formally notified the BSE Limited about the termination.

Company's Statement

Mr. Surinder Kalra, Whole-Time Director of Raconteur Global Resources Limited, signed the official intimation to the BSE. The company stated that further information regarding the incident would be shared as it becomes available.

Regulatory Compliance

The termination was disclosed in accordance with SEBI regulations, including the recent circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company provided a detailed annexure outlining the particulars of the termination, including:

• Name and designation of the terminated official
• Reason for termination
• Date of cessation (September 4th, 2025)

This incident underscores the importance of data security and the severe consequences of breaching corporate trust. As the investigation unfolds, stakeholders will be watching closely for any potential impact on Raconteur Global Resources' operations and reputation.