Raconteur Global Resources Limited, formerly known as Ganesh Films India Limited, has announced significant resolutions passed at its Extra Ordinary General Meeting (EGM) held on 2nd May 2025. These decisions were made in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which governs the disclosure of corporate events by listed companies.

The EGM saw the approval of several key agenda items by the shareholders, aimed at strengthening the company’s leadership team and expanding its business scope.

1. Change in Executive Designations

The shareholders approved the change in designation of Mr. Surinder Kumar Kalra (DIN: 10779178), Ms. Hina (DIN: 09534689), and Mr. Shah Adnan Khan (DIN: 10985412) from Additional Directors to Executive (Whole-Time) Directors. These appointments are effective from the respective dates as approved by the Board, with terms extending for three years for each director.

• Mr. Kalra, appointed for a three-year term, will receive a remuneration of INR 6,00,000 per annum.

• Ms. Hina’s term also spans three years, with a remuneration of INR 2,40,000 per annum.

• Mr. Khan’s appointment, effective from 19th March 2025, is for three years with an annual remuneration of INR 3,60,000.

The board noted that these directors are not related to each other and are in compliance with SEBI regulations regarding disqualification or debarment from holding directorships.

2. Alteration of Memorandum of Association (MOA)

The company has decided to expand its business activities, which will be reflected in an alteration to the Object Clause of its Memorandum of Association. This alteration will incorporate two new lines of business, which include:

• Information Technology and AI Services: This includes the business of developing, assembling, testing, and servicing computer hardware, software, web applications, network management, artificial intelligence, and data communication technologies.

• Real Estate and Infrastructure Development: The company will now engage in the development of real estate and infrastructure projects, including urban and rural infrastructure, roads, ports, airports, and mass rapid transit systems. Additionally, it plans to offer consultancy and advisory services in the infrastructure sector.

These changes align with the company’s broader growth strategy to diversify its operations into new high-demand sectors.

3. Revision in Loan Agreements

The company has revised the terms of its loan agreements with various entities. This step is part of its ongoing efforts to streamline operations and enhance financial flexibility. The company’s management emphasized that these revisions aim to provide more favorable terms for future investments and business expansions, in alignment with the updated strategic goals outlined in the MOA.

Conclusion

The resolutions passed at the EGM represent a major step forward for Raconteur Global Resources Ltd. These changes not only enhance the leadership team but also align the company with emerging growth areas such as technology and infrastructure development. The alteration to the Memorandum of Association allows for greater business diversification, positioning the company for long-term success.

The company has confirmed that all changes are fully compliant with the SEBI Listing Regulations and other relevant regulatory frameworks. Shareholders and stakeholders have expressed confidence in the management’s strategy for achieving sustained growth and expanding its market presence.

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