Board Approves Preferential Fund Raising and Appoints Valuer for Raconteur Global Resources Ltd
Raconteur Global Resources Limited, during its Board meeting held on Wednesday, July 15, 2026, approved a proposal for fundraising through a preferential issue of securities. The board also took note the appointment of a Registered Valuer to assist with equity valuation in connection with future share issuance.The company's Board of Directors convened a meeting which lasted from 03:00 P.M. to 03:45 P.M., during which several key agenda items were considered and approved by the directors.
A significant decision made was the approval of the proposal for fundraising via preferential issue of securities. The board committed to evaluating, structuring, and finalizing all terms related to this potential fund raising, including determining the size, structure, pricing, timing of the issue, identifying investors, and taking all necessary actions as required.
In addition to the fundraising initiative, the Board also approved the appointment of Mr. Sandeep Agrawal to carry out the valuation of the company's equity shares. Mr. Agrawal is a Registered Valuer registered with the Insolvency and Bankruptcy Board of India (IBBI) and holds relevant ICAI RVO enrolment. This valuation is intended for the purpose of issuing new shares in line with the Companies Act, 2013 and related regulations.
The detailed terms and conditions pertaining to the proposed fund raising, encompassing the number of securities, issue price, category of investors, and other connected matters, will be determined in due course in accordance with applicable laws.
Stock Price Movement
Raconteur Global Resources Ltd settled at ₹13.00 after the close of trade today, declining by 3.70%. The shares saw movement during the day, trading within an intraday range between a high of ₹13.90 and a low of ₹13.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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