Raconteur Global Board Approves ₹290 Million Convertible Warrants Issue

MUMBAI — Raconteur Global Resources Limited announced on Thursday, August 20, 2026, that its Board of Directors has approved the issuance of up to 2.32 crore (23.2 million) convertible warrants worth ₹290 million (₹29 crore) on a preferential basis. The board meeting, held at the company's Mumbai office from 3:30 PM to 5:30 PM IST, also authorized a separate preferential equity share allotment of ₹10 million (₹1 crore) and recommended a new statutory auditor.

Key Details of the Convertible Warrants and Equity Issue

Under the board-approved proposal, Raconteur Global Resources Limited will issue 23,200,000 warrants convertible into an equivalent number of equity shares with a face value of ₹10 each. The issue price has been fixed at ₹12.50 per warrant, which includes a premium of ₹2.50 per share. The preferential issue is earmarked entirely for non-promoter and public investors for cash consideration, subject to shareholder approval.

Each warrant can be converted into one equity share at any time within 18 months from the date of allotment upon full payment. The relevant date for calculating the issue price was set as August 19, 2026, based on a valuation report dated August 20, 2026, by IBBI-registered valuer Sandeep Agrawal.

In addition to the convertible warrants, the board approved the preferential issuance of 800,000 equity shares at the same issue price of ₹12.50 per share, raising an additional ₹10 million from Atharva Professional Consultants LLP.

Major Allottees in the Preferential Warrant Allotment

The proposed warrant allotment spreads across 14 non-promoter institutional and individual investors. Key entities participating in the subscription include:

• Boolean Ventura Private Limited: 4,000,000 warrants.

• Grip Assets Management Private Limited: 4,000,000 warrants.

• Max Bio Biosciences Private Limited: 2,888,000 warrants.

• Natures Heavens India Private Limited: 2,872,000 warrants.

• MCPS Estate LLP: 1,600,000 warrants.

• SN Capital Management Private Limited: 800,000 warrants.

Change in Statutory Auditors and Governance Updates

Following the resignation of former statutory auditor Kapil Sandeep & Associates, the board approved the appointment of A S Bhutani & Associates, Chartered Accountants (FRN: 029646N), to fill the casual vacancy for FY 2026-27. The board further recommended appointing A S Bhutani & Associates for a full five-year term spanning from FY 2026-27 through FY 2030-31, subject to shareholder approval.

The board also approved the revised Board Report and Management Discussion & Analysis Report for FY 2025-26, voiding resolutions passed earlier on July 30, 2026. Additionally, it cleared the CFO certification signed by Whole Time Director and CFO Hina and appointed Devender Singh, proprietor of Devender Singh and Associates, as scrutinizer for the upcoming voting process.

The company's 8th Annual General Meeting (AGM) is scheduled for Friday, September 18, 2026, at 1:00 PM at its registered office in Goregaon East, Mumbai. E-voting for shareholders will open on September 15 and close on September 17, 2026.

Regulatory Filing and Compliance

The board outcome was submitted to the listing department of BSE Limited (Scrip Code: 541703) on August 20, 2026. The disclosure was signed by Company Secretary and Compliance Officer Radhika Sood pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and related SEBI circulars.

Official Sources Section

According to official regulatory filings submitted by Radhika Sood, Company Secretary & Compliance Officer of Raconteur Global Resources Limited, to BSE Limited, the company's board approved the total capital raise of ₹300 million (₹30 crore combined for warrants and equity shares) during its meeting on August 20, 2026.

Quote Section

According to official corporate filings submitted to BSE Limited:

"The Board of Directors at their meeting held today, i.e., on Thursday, 20th day of August, 2026... considered and approved the issuance of 2,32,00,000 Warrants Convertible into equivalent number of Equity Shares... aggregating to INR 29,00,00,000/- to Non-Promoters/Public shareholders on preferential basis."

Why It Matters

The total ₹300 million cash infusion provides Raconteur Global Resources Limited with fresh equity capital to fund business growth and operational initiatives. For public investors, the 18-month conversion timeframe for the warrants provides structured equity dilution while securing capital commitment from major institutional non-promoter allottees.

Key Facts at a Glance

• Warrant Issue Size: 23.2 million convertible warrants aggregating to ₹290 million (₹29 crore).

• Equity Share Allotment: 800,000 equity shares aggregating to ₹10 million (₹1 crore).

• Issue Price: ₹12.50 per share/warrant (face value ₹10 + ₹2.50 premium).

• Conversion Window: Warrants convertible within 18 months from allotment.

• New Auditor: A S Bhutani & Associates recommended for 5 years (FY 2026-27 to FY 2030-31).

• AGM Date: 8th AGM scheduled for September 18, 2026, in Mumbai.

FAQ Section

1. What is the total value of convertible warrants approved by Raconteur Global? The board approved issuing up to 23.2 million convertible warrants totaling ₹290 million (₹29 crore).

2. What is the issue price for the convertible warrants and equity shares? Both the warrants and equity shares are priced at ₹12.50 per unit, which includes a face value of ₹10 and a premium of ₹2.50.

3. Who are the primary investors participating in the warrant allotment? Key allottees include Boolean Ventura Private Limited (4 million warrants), Grip Assets Management Private Limited (4 million warrants), and Max Bio Biosciences Private Limited (2.888 million warrants).

4. How long do allottees have to convert the warrants into equity shares? Warrant holders can exercise their option to convert each warrant into one equity share at any time within 18 months from the date of allotment.

5. When is Raconteur Global's Annual General Meeting scheduled? The 8th Annual General Meeting will take place on Friday, September 18, 2026, at the company's registered office in Mumbai.

Source: Official Regulatory Filing to BSE Limited by Raconteur Global Resources Limited