Raconteur Global Resources Limited has successfully concluded its 2nd Extraordinary General Meeting for FY 2025-26, with all proposed resolutions receiving unanimous approval from shareholders. The meeting was conducted on January 9th, 2026 at 12:00 PM through video conferencing in compliance with regulatory requirements.

Meeting Overview and Participation

The EGM was held with a record date of January 2nd, 2026, covering 499 total shareholders. The meeting was conducted entirely through video conferencing with no physical attendance arrangements. Six shareholders from the public category participated through video conferencing, while no promoter group members attended the virtual meeting.

Resolution-wise Voting Results

All three resolutions on the agenda received complete shareholder support with 100% votes in favor and zero opposition across all categories.

Resolution 1: Director Appointment

The appointment of Ms. Gowhar Parveen Mallick (DIN: 11225598) as Non-Executive Non-Independent Director was approved with 102,732 votes in favor from 12 members.

Resolution 2: Preferential Equity Share Allotment

The special resolution to create, issue, offer and allot equity shares on preferential basis to non-promoters received overwhelming support with 173,377 votes from 12 members.

Resolution 3: Convertible Warrants Issuance

The proposal to create and allot warrants convertible into equity shares on preferential basis to public category shareholders was approved with 147,794 votes from 10 members.

E-Voting Process and Compliance

The voting process was conducted through Central Depository Services (India) Limited (CDSL) with remote e-voting facility available from January 6th to January 8th, 2026. Devender Singh & Associates served as the scrutinizer for the voting process, ensuring compliance with Section 108 of the Companies Act, 2013 and related regulations.

The company has fulfilled its obligations under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with all voting results and scrutinizer reports being made available on the company website at www.rgrl.in .

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.