RACONTEUR GLOBAL RESOURCES' shareholders have approved increasing the company's Authorized Share Capital to Rs 48 Cr at the 7th Annual General Meeting.

This strategic move allows the company to potentially issue up to 4.8 crore equity shares, providing flexibility for future fundraising and business growth.

Separately, Mr. Iqbal Singh ceased to hold the office of Director as the resolution for his re-appointment by rotation failed to pass during the same meeting.