Globe Enterprises 31st AGM Approves All 11 Resolutions

Meeting Details

Date of Meeting: Friday, September 18, 2026
Time: 11:30 AM to 11:56 AM
Type of Meeting: Annual General Meeting (AGM)
Mode: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
Record Date: September 11, 2026
Total Shareholders on Record Date: 73,325
Meeting Attendance: 7 Promoter/Promoter Group members and 32 Public shareholders attended via video conferencing

Proposed Resolutions and Implications

The AGM considered and voted on 11 resolutions:

1. Adoption of Financial Statements: Receipt, consideration and adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026 with reports of Board of Directors and Auditors

2. Director Reappointment: Reappointment of Mr. Nilaybhai Jagdishbhai Vora (DIN: 02158990) who retired by rotation

3. Ratification of Remuneration: Ratification of remuneration of Cost Auditor

4. Authorized Share Capital Increase: Increase in authorized share capital and alteration of Capital Clause of Memorandum of Association

5. Related Party Transactions: Approval of material related party transactions (Promoters interested in this resolution)

6. Borrowing Powers: Increase in borrowing powers of the Company

7. Loans and Investments: Increase in the limits of loans and investments by the Company

8. Asset Disposal: Increase in limits for selling, leasing or disposing of whole/substantial undertaking and creating charge/security over assets

9. Asset Charge Creation: Creating charge/security over the assets/undertaking of the Company

10. Loan Conversion: Conversion of loan taken from directors and promoter of company into equity shares

11. Independent Director Appointment: Appointment of Mr. Hemant Jayantilal Dave (DIN: 01151753) as Independent Director

Voting Process and Methods

The voting was conducted through:

Remote E-Voting: Available from September 15, 2026 (9:00 AM IST) to September 17, 2026 (5:00 PM IST) through NSDL
Insta Poll: E-voting conducted during the meeting
Scrutinizer: Jatinbhai Harishbhai Kapadia (Firm: K. Jatin & Co., Qualification: CS, Membership No: F11418) appointed on August 21, 2026

Key Voting Outcomes

Overall Participation

Total Outstanding Shares: 450,418,788
Total Votes Polled: 164,404,777 (36.5004% of outstanding shares)
Promoter Holding: 154,697,613 shares (34.35%)
Public Institutions Holding: 0 shares
Public Non-Institutions Holding: 295,721,175 shares (65.65%)

Resolution-wise Results:

Resolution 1 - Financial Statements Adoption

Total Votes: 164,404,777
In Favor: 164,403,216 (99.9991%)
Against: 1,561 (0.0009%)
Passed: Yes

Resolution 2 - Director Reappointment

Total Votes: 164,405,197
In Favor: 164,403,630 (99.999%)
Against: 1,567 (0.001%)
Passed: Yes

Resolution 3 - Cost Auditor Remuneration

Total Votes: 164,405,197
In Favor: 164,381,836 (99.9858%)
Against: 23,361 (0.0142%)
Passed: Yes

Resolution 4 - Authorized Share Capital Increase

Total Votes: 164,405,197
In Favor: 164,383,573 (99.9868%)
Against: 21,624 (0.0132%)
Passed: Yes

Resolution 5 - Related Party Transactions

Total Votes: 164,405,197
In Favor: 164,383,573 (99.9868%)
Against: 21,624 (0.0132%)
Passed: Yes

Resolution 6 - Borrowing Powers Increase

Total Votes: 164,405,197
In Favor: 164,382,343 (99.9861%)
Against: 22,854 (0.0139%)
Passed: Yes

Resolution 7 - Loans and Investments Limits

Total Votes: 164,404,797
In Favor: 164,382,043 (99.9862%)
Against: 22,754 (0.0138%)
Passed: Yes

Resolution 8 - Asset Disposal Limits

Total Votes: 164,405,197
In Favor: 164,383,473 (99.9868%)
Against: 21,724 (0.0132%)
Passed: Yes

Resolution 9 - Asset Charge Creation

Total Votes: 164,405,197
In Favor: 164,383,343 (99.9867%)
Against: 21,854 (0.0133%)
Passed: Yes

Resolution 10 - Loan Conversion to Equity

Total Votes: 164,405,197
In Favor: 164,383,473 (99.9868%)
Against: 21,724 (0.0132%)
Passed: Yes

Resolution 11 - Independent Director Appointment

Total Votes: 164,405,197
In Favor: 164,382,573 (99.9862%)
Against: 22,624 (0.0138%)
Passed: Yes

Category-wise Voting Breakdown:

Promoter & Promoter Group: Voted 100% in favor on all resolutions through e-voting (154,697,613 shares)
Public Institutions: No participation (0 votes)
Public Non-Institutions: Participation ranged between 3.2825-3.2827% of their holding, with approval rates between 99.7594-99.9839%
Invalid Votes: Zero invalid votes across all categories for all resolutions

Scrutinizer's Role and Findings

Jatinbhai Harishbhai Kapadia was appointed as scrutinizer by the Board of Directors on August 21, 2026. His responsibilities included:

Scrutinizing both remote e-voting and Insta Poll processes
Verifying, tallying, and reporting votes cast for/against resolutions
Relying on system-generated reports from NSDL
Maintaining confidentiality until report submission
Excluding duplicate/invalid/non-compliant votes

The scrutinizer confirmed that all 11 resolutions received the requisite majority support based on remote e-voting results. The electronic data and voting records remain in the scrutinizer's custody until the Chairman approves the meeting minutes, after which they will be handed over to the Company Secretary for safekeeping.

Compliance with Regulations

The meeting was conducted in compliance with:

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 44)
Companies Act, 2013 (Section 108)
Companies (Management and Administration) Rules, 2014
MCA Circulars: General Circular No. 03/2025, 14/2020, 17/2020, 20/2020, 02/2021, 02/2022, 10/2022, and 09/2023
Notice was sent electronically to shareholders and published on company website (https://globeenterprises.net), NSE website, and NSDL website
Newspaper advertisement published in Financial Express (English and Gujarati) on August 22, 2026

Additional Information

Company Symbol: GLOBE
The company changed its name from Globe Textiles (India) Limited to Globe Enterprises (India) Limited