Raconteur Global Resources Ltd Increases Capital Via Warrants, Divests Subsidiary Stake
Raconteur Global Resources Ltd has announced key outcomes from its Board of Directors meeting held on July 2, 2026, involving equity share allotment following warrant conversion, the divestment of a subsidiary stake, and initiating voluntary strike-off proceedings for another wholly owned subsidiary.The Company approved the allotment of 2,499,999 equity shares upon the conversion of Share Warrants to a 'Non-Promoters/Public Category' on a preferential basis. These shares were allotted at an issue price of Rs. 14/- each, which includes a premium of Rs. 4/- per share. The allotment was completed after receiving payment aggregating to Rs. 2,62,49,989.50 from the allottees.
Following this conversion, the issued and paid-up capital of Raconteur Global Resources Ltd increased to Rs. 13,27,78,430. This expanded capital consists of 1,32,77,843 equity shares, each valued at Rs. 10/-. The newly allotted equity shares are pari-passu with existing equity shares.
Regarding the outstanding warrants, a total of 4,749,999 warrants remain out of the total issue of 72,499,998. Warrant holders have an option to convert their warrants into an equal number of equity shares within 18 months by paying 75% of the issue price.
Subsidiary Stake Divestiture and Strike-off Approval
The Board also sanctioned the sale of a stake in the Company held by Rockbase Real Estate Projects Limited, a wholly owned subsidiary. Upon completion of the transfer, this entity will cease to be a Wholly Owned Subsidiary and will continue as a Subsidiary Company of Raconteur Global Resources Ltd.Additionally, the Directors approved initiating the process for voluntary strike-off of Trustfield Project and Infra Limited. This wholly owned subsidiary was incorporated on June 21, 2025, but has not commenced any business operations since its incorporation. The Board approved applying to the Registrar of Companies for the removal of its name from the Register of Companies via this voluntary strike-off process.
Details of Stake Sale Transaction
The details concerning the sale transaction involving Rockbase Real Estate Projects Limited are provided below:| Particulars | Details |
|---|---|
| Income (as on 31st March 2026) | Nil |
| Net Worth (as on 31st March 2026) | Rs. 5.00 Lakh |
| Agreement Date | July 2, 2026 |
| Expected Completion of Sale | July 16, 2026 |
| Consideration Received | INR 245,000/- (face value) |
| Buyer Details | Vikas Sharma, a Director of Rockbase Real Estate Projects Limited |
| Transaction Nature | Related party transaction conducted at arm's length basis |
Stock Price Movement
At the close of trade today, Raconteur Global Resources Ltd. settled at ₹11.28, ticking up 4.93%. Shares moved throughout the day within a narrow band, trading between an intraday low of ₹11.27 and a high of ₹11.28.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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