Globe Enterprises Share Price Today

Globe Enterprises gets NSE observations for Morabia demerger

Globe Enterprises (India) Limited received 'No adverse observations' and 'No objection' from the National Stock Exchange (NSE) on July 6, 2026, regarding its proposed scheme of arrangement with Morabia Creation Limited. The observations, issued under Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, allow the company to proceed with filing the draft scheme with the National Company Law Tribunal (NCLT). The NSE mandated conditions including the disclosure of financials, transfer of liabilities, and specific shareholder communications. The listing of Morabia Creation Limited shares is subject to SEBI approval and compliance with exchange conditions, with the observation letter valid for six months.

Globe Enterprises (India) Ltd reports no share encumbrances in FY26

Globe Enterprises (India) Ltd disclosed that its promoters and persons acting in concert did not create any new encumbrances on shares during the financial year ended March 31, 2026. The declaration was submitted by Promoter Bhavin Suryakant Parikh to the National Stock Exchange of India Limited under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Globe Enterprises FY26 Net Profit Rises 5% to ₹914.71 Lakh

Globe Enterprises (India) Limited reported a consolidated net profit of ₹914.71 lakh for FY26, a slight decrease from ₹949.97 lakh in the previous year, while revenue from operations increased to ₹64,240.14 lakh. For the quarter ended March 31, 2026, net profit surged to ₹126.96 lakh from ₹6.42 lakh in the prior year. The Board approved the sale of printing plant machinery for ₹90.48 lakhs, incurring an exceptional loss of ₹264.42 lakhs, and amended the draft Scheme of Arrangement for the demerger of its online business.

Globe Enterprises Promoter Group Declares No Share Encumbrance for FY26

Globe Enterprises promoter group, led by Bhavin Suryakant Parikh, has filed a regulatory declaration with NSE confirming no encumbrance on company shares during FY26 ended March 31, 2026. The filing was made under SEBI (SAST) Regulation 31(4) and states that promoters and persons acting in concert have not created any share encumbrance beyond previously disclosed arrangements.

Globe Textiles (India) Secures Approval for Split with Morabia Creation

Globe Textiles (India) has received approval for a split with Morabia Creation, potentially signaling a significant change in its corporate structure. The specifics of the split, including its nature and potential impact on business operations, have not been disclosed. Shareholders and market observers are awaiting further details about this corporate action and its implications for the company's future.