Raconteur Global Resources: ₹30 crore raise plan in 2026

Key announcements: auditor change, AGM reset, fundraising plan

Raconteur Global Resources Ltd has disclosed a set of board-level actions that combine governance changes with a fresh fundraising proposal. The company has postponed its 8th Annual General Meeting (AGM) that was earlier scheduled for August 27, 2026, citing “unforeseen and unavoidable administrative exigencies.” It has also outlined steps to appoint a new statutory auditor for a five-year term starting FY27, subject to shareholder approval. Alongside, it has indicated a preferential issue plan including convertible warrants and equity shares at an issue price of ₹12.50.

AGM postponed to September 18, 2026

The company said its 8th AGM, earlier fixed for August 27, 2026, has been postponed due to administrative reasons described as unforeseen and unavoidable. Raconteur Global Resources has now scheduled the AGM for September 18, 2026, where shareholder approvals are expected to be sought for key items. The rescheduling matters because the auditor appointment proposal is linked to shareholder approval for a multi-year tenure. The AGM timing also becomes relevant as preferential issue related approvals are commonly routed through shareholder consent, where applicable.

Statutory auditor resignation effective August 13, 2026

Raconteur Global Resources disclosed that its statutory auditor, M/s Kapil Sandeep & Associates (FRN: 0016244N), resigned with immediate effect from August 13, 2026. The reason cited for the resignation was “increasing professional commitments and pre-occupation with other assignments.” The development created a casual vacancy, which the company is now seeking to fill through a new appointment process. The resignation is positioned as a mid-term change, given earlier disclosures around a five-year appointment cycle.

Board’s recommendation: A S Bhutani & Associates for FY27–FY31

The board has recommended appointing M/s A S Bhutani & Associates as statutory auditors for FY27 to FY31. The proposed tenure is five years starting from FY27 and requires shareholder approval. The company has stated this appointment would fill the casual vacancy caused by the resignation of M/s Kapil Sandeep & Associates. The disclosure also indicates that the matter is expected to be taken to shareholders, aligning with standard governance steps for statutory auditor appointments.

Board meeting on August 20, 2026 via video conferencing

The company indicated a board meeting scheduled for Thursday, August 20, 2026 via video conferencing. The agenda includes noting the resignation of the company’s statutory auditor and considering and approving the appointment of a new auditor. This sequencing is consistent with the resignation date (August 13, 2026) and the company’s stated need to fill a casual vacancy. The same overall communication also points to fundraising-related actions, suggesting multiple decisions being pursued together.

Preferential issue plan: 2.32 crore warrants and 8 lakh shares

Raconteur Global Resources has laid out a preferential issue structure covering two instruments. The company plans to issue 2.32 crore units of warrants (convertible) at an issue price of ₹12.50, aggregating to ₹29 crore. It also proposes issuing 8 lakh equity shares at ₹12.50, aggregating to ₹1 crore. Together, the instruments represent a stated total value of ₹30 crore at the issue price disclosed. Any conversion of warrants into equity would increase the equity base when and if exercised, based on applicable terms and approvals.

Balance 75% call on earlier convertible warrants (allotted March 18, 2026)

The board approved calling for the balance 75% payment on convertible share warrants that were allotted on March 18, 2026. The disclosure indicates that the warrants are part of the company’s funding actions and that remaining proceeds are expected via the payment call mechanism. While the company has not provided the number of warrants linked to this specific March 2026 allotment in the provided text, the approval signals a move to collect the pending portion under the warrant structure.

Other compliance actions: company secretary and secretarial audit

Raconteur Global Resources also disclosed the appointment of Radhika Sood as Company Secretary and Compliance Officer, effective immediately. Separately, the board approved the appointment of Mr. Shailendra Kumar Roy, Proprietor of M/s Shailendra Roy & Associates, as the Secretarial Auditor for FY 2025-26, based on the Audit Committee’s recommendation. These steps sit alongside the statutory auditor transition and indicate broader compliance and governance activities being documented through exchange filings.

Context from earlier filings: qualified audit opinion and prior auditor tenure

The company has stated that the statutory auditors, M/s Kapil Sandeep & Associates, issued an audit report with a qualified opinion on the audited financial results, and that the board took note of that audit report. In earlier corporate reporting, the firm was described as having been appointed as statutory auditors for a consecutive term of five years, from the conclusion of the 6th AGM till the conclusion of the 11th AGM to be held in 2029. The August 2026 resignation therefore represents a disruption to that earlier cycle and triggers the need for a replacement process.

Prior preferential allotment: BSE trading approval in May 2026

Raconteur Global Resources disclosed that it obtained BSE trading approval for 55,64,283 equity shares of face value ₹10 each, issued at a premium of ₹4 each to non-promoters on a preferential basis. The shares were listed on BSE effective May 13, 2026, with distinctive numbers from 5213562 to 10777844 as stated. The company also separately announced that BSE Limited admitted the preferentially issued equity shares for trading effective Wednesday, May 13, 2026. This provides context that the company has previously executed and listed preferentially allotted shares.

Key facts snapshot

What investors may track next

The next formal milestones disclosed are the board meeting scheduled for August 20, 2026 and the AGM on September 18, 2026. Shareholder approval is required for the proposed five-year statutory auditor appointment from FY27 to FY31, as stated by the company. Investors may also watch for detailed terms and timelines around the proposed preferential issue of warrants and equity shares at ₹12.50, and any further disclosures related to the 75% balance payment call on the March 18, 2026 warrant allotment. For market participants, these events are important because they combine governance transitions with equity-linked fundraising actions.