Globe Enterprises 31st AGM Approves 11 Resolutions

Company and Scrip Details

• NSE Symbol: GLOBE

Meeting Details

• Date of Meeting: Friday, September 18, 2026
• Time of Meeting: 11:30 a.m. IST
• Location/Type: Held through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
• Meeting Type: 31st Annual General Meeting (AGM)

Summary of Proposed Resolutions and Implications

The following 11 resolutions were proposed and transacted at the AGM:

Ordinary Business

1. Ordinary Resolution: To receive, consider and adopt the audited standalone and consolidated financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon.

2. Ordinary Resolution: To appoint a Director in place of Mr. Nilaybhai Jagdishbhai Vora (DIN: 02158990) who retires by rotation and being eligible, offers himself for re-appointment.

Special Business

3. Ordinary Resolution: Ratification of Remuneration of Cost Auditor.

4. Special Resolution: To increase in Authorized share capital of the company and alteration of Capital Clause of Memorandum of Association of the company.

5. Special Resolution: To approve material related party transactions to be entered into by the Company.

6. Special Resolution: Increase in borrowing powers of the Company.

7. Special Resolution: Increase in the Limits of Loans and Investments by the Company.

8. Special Resolution: Increase in limits for selling, leasing or otherwise disposing of the whole or substantially whole of the undertaking and/or Creating Charge/Security over the Assets/Undertaking of the Company.

9. Special Resolution: To obtain approval to advance any loan/give guarantee/provide security Under Section 185 of the Companies Act, 2013.

10. Special Resolution: To convert loan taken from directors and promoter of company into equity shares.

11. Special Resolution: Appointment of Mr. Hemant Jayantilal Dave (DIN: 01151753), As an Independent Director of the Company.

Voting Process and Methods

• The remote e-voting facility was provided to shareholders through NSDL to cast votes electronically on all resolutions.
• Members present at the AGM through VC/OAVM who had not voted via remote e-voting were allowed to cast their vote through the e-voting system during the meeting.
• The facility for e-voting remained open for 15 minutes post the conclusion of the AGM.
• M/s K. Jatin & co., Practicing Company Secretaries (Partner: Mr. Jatin Kapadia) were appointed as the Scrutinizer to scrutinize the remote e-voting process and e-voting at the AGM.

Key Voting Outcomes

• All 11 resolutions set forth in the Notice of AGM were transacted and approved by the shareholders with the requisite majority.
• The specific vote counts, percentages, and category-wise participation breakdowns are not provided in this summary of proceedings. The document states that the consolidated voting results (remote e-voting and e-voting) along with the Scrutiniser's Report will be disseminated to the Stock Exchanges and placed on the website of NSDL and the Company.

Scrutinizer's Role

Mr. Jatin Kapadia, Partner of M/s K. Jatin & co., Practicing Company Secretaries, was appointed as the Scrutinizer. His role was to scrutinize the entire remote e-voting process and the e-voting conducted at the AGM. The findings and conclusions from the Scrutinizer's Report are not included in this proceedings summary but are to be published separately.

Compliance Confirmation

The meeting was conducted in compliance with:

• The applicable provisions of the Companies Act, 2013
• Circular(s) issued by the Ministry of Corporate Affairs
• Circular(s) issued by the Securities and Exchange Board of India
• Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The statutory registers and other documents required under the Companies Act, 2013 were made available electronically for inspection by the Members.

Attendees

• Chairman: Mr. Bhavik Suryakant Parikh, Managing Director (DIN: 00038223)
• Company Secretary & Compliance Officer: Mrs. Monali Maheshwari (delivered opening notes)
• All Directors of the company were present.
• CFO: Mr. Bhavin Suryakant Parikh (delivered a formal speech on company performance and future outlook)
• Representatives of the Statutory Auditors and Secretarial Auditors were present.
• Scrutinizer: Mr. Jatin Kapadia (Partner of M/s K. Jatin & co.)
• Total Members Present: 39

Other Procedural Information

• The Notice of the 31st AGM dated August 21, 2026, was taken as read as it had been circulated to members.
• The Reports of the Statutory Auditors and Secretarial Auditors did not contain any adverse qualifications, observations, or comments and were therefore not read at the meeting.
• The meeting commenced at 11:30 a.m. IST and concluded at 11:56 a.m. IST.
• This document is a summary of proceedings and does not constitute the official minutes of the AGM.