GLOBE ENTERPRISES (INDIA) logo

GLOBE ENTERPRISES (INDIA) MD, chairman, board of directors and AGM

NSE: GLOBETextiles & ApparelsSmall Cap

Formerly Globe Textiles (India)
Last close ₹1.91down ₹0.05 (2.55%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹1.96.

52-week range of traded prices to 23 Oct 2026
₹1.75Low, 16 Sep 2026₹3.29High, 5 Jan 2026
Market cap
₹86 Cr2,815th largest listed
P/E
8.1
P/B
0.6
Dividend yield
Nonein the last 12 months
ROE
7.3%
ROCE
8.5%
Debt to equity
1.14
Volume, NSE
7,06,09288.1% delivered

GLOBE ENTERPRISES (INDIA) board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorBHAVIK SURYAKANT PARIKH

7 directors4 independent2 executive1 non-executive

  • BHAVIK SURYAKANT PARIKH · Chairperson and managing directorExecutive · joined Feb 2006 · reappointed Feb 2006 · 1 listed board · 1 committee seat
  • NILAYBHAI JAGDISHBHAI VORAExecutive · joined Mar 2008 · reappointed Mar 2008 · 1 listed board · 1 committee seat
  • RAJATKUMAR DINESHBHAI PATELIndependent · joined Mar 2021 · reappointed Jun 2024 · 60 months as independent · 3 listed boards · 3 as independent · 5 committee seats
  • BHARAT SHAMJIBHAI PATELIndependent · joined May 2017 · reappointed Mar 2022 · 60 months as independent · 2 listed boards · 1 as independent · 1 committee seat
  • PURVI BHAVIN PARIKHNon-executive · joined Feb 2017 · reappointed Feb 2017 · 1 listed board
  • BHARAT MULCHANDBHAI BHAVSARIndependent · joined Aug 2025 · reappointed Aug 2025 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • HEMANT JAYANTILAL DAVEIndependent · joined Aug 2026 · reappointed Aug 2026 · 60 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • YOGESH VAIDYA KANHIYALAL, left 24 Mar 2026: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 10 Sep 20266 of 7 present3 independent · 19 days in between
    • 21 Aug 20267 of 7 present4 independent · 8 days in between
    • 12 Aug 20265 of 6 present2 independent · 32 days in between
    • 10 Jul 20265 of 6 present3 independent · 17 days in between
    4 earlier meetings
    • 22 Jun 20265 of 6 present3 independent · 31 days in between
    • 21 May 20266 of 6 present3 independent · 26 days in between
    • 24 Apr 20266 of 6 present3 independent · 13 days in between
    • 10 Apr 20266 of 6 present3 independent

  • Audit Committee

    Chair BHARAT MULCHANDBHAI BHAVSAR

    BHAVIK SURYAKANT PARIKH, RAJATKUMAR DINESHBHAI PATEL

    • 21 Aug 20263 of 3 present2 independent · 8 days in between
    • 12 Aug 20263 of 3 present2 independent · 82 days in between
    • 21 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair BHARAT MULCHANDBHAI BHAVSAR

    BHARAT SHAMJIBHAI PATEL, RAJATKUMAR DINESHBHAI PATEL

    • 21 Aug 20263 of 3 present2 independent · 8 days in between
    • 12 Aug 20262 of 3 present1 independent
    • 21 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair BHARAT MULCHANDBHAI BHAVSAR

    BHARAT SHAMJIBHAI PATEL, NILAYBHAI JAGDISHBHAI VORA

    • 21 Aug 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    • 10 Sep 20263 of 3 present1 independent · 19 days in between

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • DHARMESH PARIKH & CO LLPPeer-review certificate valid to Oct 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

GLOBE ENTERPRISES (INDIA) AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.GLOBE ENTERPRISES (INDIA) share news and announcements

Annual general meeting, 18 Sep 2026

73,325 shareholders on the register on 11 Sep 2026; present: 7 promoters and 32 others; votes counted by Jatinbhai Harishbhai Kapadia / K. Jatin & Co..The company's voting result (opens in a new tab)

  1. 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.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 36.50% · promoters 100.00% · institutions 0.00% · other public 3.28%

  2. 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.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 36.50% · promoters 100.00% · institutions 0.00% · other public 3.28%

  3. Ratification of Remuneration of Cost Auditor
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 36.50% · promoters 100.00% · institutions 0.00% · other public 3.28%

  4. To increase in Authorized share capital of the company and alteration of Capital Clause of Memorandum of Association of the company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 36.50% · promoters 100.00% · institutions 0.00% · other public 3.28%

  5. To approve material related party transactions to be entered into by the Company
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 36.50% · promoters 100.00% · institutions 0.00% · other public 3.28%

  6. Increase in borrowing powers of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 36.50% · promoters 100.00% · institutions 0.00% · other public 3.28%

  7. Increase in the Limits of Loans and Investments by the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 36.50% · promoters 100.00% · institutions 0.00% · other public 3.28%

  8. 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
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 36.50% · promoters 100.00% · institutions 0.00% · other public 3.28%

  9. To obtain approval to advance any loan/give guarantee/provide security Under Section 185 of the Companies Act, 2013
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 36.50% · promoters 100.00% · institutions 0.00% · other public 3.28%

  10. To convert loan taken from directors and promoter of company into equity shares
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 36.50% · promoters 100.00% · institutions 0.00% · other public 3.28%

  11. Appointment of Mr. Hemant Jayantilal Dave (DIN: 01151753), As an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 36.50% · promoters 100.00% · institutions 0.00% · other public 3.28%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2025, 12 resolutions

80,971 shareholders on the register on 19 Sep 2025; present: 7 promoters and 38 others; votes counted by Jatinbhai Harishbhai Kapadia / K. Jatin & Co..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone and consolidated financial statement of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    98.25% for1.75% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.47%

    Turnout: all 39.88% · promoters 99.62% · institutions 0.00% · other public 12.06%

  2. To appoint a Director in place of Mr. Bhavik Suryakant Parikh (DIN: 00038223) who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    98.22% for1.78% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.25%

    Turnout: all 39.19% · promoters 99.62% · institutions 0.00% · other public 11.04%

  3. Ratification of Remuneration of Cost Auditor
    Ordinary
    98.07% for1.93% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.09%

    Turnout: all 39.13% · promoters 99.62% · institutions 0.00% · other public 10.95%

  4. To appoint M/s K Jatin & Co., Practicing Company Secretaries (Firm Registration No. S2017GJ508600) as Secretarial Auditors of the Company for a period of 5 years.
    Special
    98.22% for1.78% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.25%

    Turnout: all 39.19% · promoters 99.62% · institutions 0.00% · other public 11.04%

  5. To approve material related party transactions to be entered into by the Company
    SpecialPromoters have an interest in it
    95.71% for4.29% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.15%

    Turnout: all 17.67% · promoters 32.10% · institutions 0.00% · other public 10.95%

  6. Increase in borrowing powers of the Company
    Special
    98.07% for1.93% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.09%

    Turnout: all 39.13% · promoters 99.62% · institutions 0.00% · other public 10.95%

  7. Increase in the Limits of Loans and Investments by the Company
    Special
    98.08% for1.92% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.03%

    Turnout: all 39.13% · promoters 99.62% · institutions 0.00% · other public 10.96%

  8. 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
    Special
    98.07% for1.93% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.09%

    Turnout: all 39.13% · promoters 99.62% · institutions 0.00% · other public 10.95%

  9. To obtain approval to advance any loan/give guarantee/provide security Under Section 185 of the Companies Act, 2013
    SpecialPromoters have an interest in it
    98.08% for1.92% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.03%

    Turnout: all 39.13% · promoters 99.62% · institutions 0.00% · other public 10.96%

  10. To approve change of name of the Company and consequent alteration in the Memorandum of Association and Articles of Association of the Company.
    Special
    98.22% for1.78% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.25%

    Turnout: all 39.19% · promoters 99.62% · institutions 0.00% · other public 11.04%

  11. To convert loan taken from directors and promoter of company into equity shares
    SpecialPromoters have an interest in it
    98.08% for1.92% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.03%

    Turnout: all 39.13% · promoters 99.62% · institutions 0.00% · other public 10.96%

  12. Appointment of Mr. Bharat Mulchandbhai Bhavsar (DIN: 11230569), As an Independent Director of the Company
    SpecialPromoters have an interest in it
    98.08% for1.92% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.03%

    Turnout: all 39.13% · promoters 99.62% · institutions 0.00% · other public 10.96%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2024, 8 resolutions

Present: 7 promoters and 30 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statement of the Company for the financial year ended March 31, 2024 and the reports of the Board of Directors and Auditors thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.81%

    Turnout: all 42.31% · promoters 100.00% · institutions 0.00% · other public 0.35%

  2. To appoint a Director in place of Mrs. Purvi Bhavin Parikh (DIN: 07732523) who retires by rotation and being eligible, offers herself for reappointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.84%

    Turnout: all 42.31% · promoters 100.00% · institutions 0.00% · other public 0.35%

  3. To appoint the Statutory Auditors of the Company and fix their remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 42.31% · promoters 100.00% · institutions 0.00% · other public 0.35%

  4. Alteration of Object Clause of the Memorandum Of Association of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 42.31% · promoters 100.00% · institutions 0.00% · other public 0.35%

  5. Re-appointment of Mr. Bhavik Suryakant Parikh (DIN: 00038223) as a Chairman & Managing Director for the period of three years.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.57%

    Turnout: all 42.31% · promoters 100.00% · institutions 0.00% · other public 0.35%

  6. Re-appointment of Mr. Nilaybhai Jagdishbhai Vora (DIN: 02158990) as a Whole-time Director for the period of three years.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.57%

    Turnout: all 42.31% · promoters 100.00% · institutions 0.00% · other public 0.35%

  7. To approve material related party transactions to be entered into by the Company.
    SpecialPromoters have an interest in it
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 0.20% · promoters 0.00% · institutions 0.00% · other public 0.35%

  8. Increase in Authorized Share Capital of the company and Alteration of Capital Clause of Memorandum of Association of the company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 42.31% · promoters 100.00% · institutions 0.00% · other public 0.35%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 27 Jun 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. RE-APPOINTMENT OF MR. RAJATKUMAR DINESHBHAI PATEL (DIN:09124295) AS AN INDEPENDENT DIRECTOR FOR A SECOND TERM
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.28%

    Turnout: all 42.31% · promoters 100.00% · institutions 0.00% · other public 0.36%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 29 Dec 2023, 1 resolution

Present: 7 promoters and 25 others.The company's voting result (opens in a new tab)

  1. INCREASE IN AUTHORISED SHARE CAPITAL AND ALTERATION OF THE CAPITAL CLAUSE IN MEMORANDUM OF ASSOCIATION OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 41.25% · promoters 100.00% · institutions 0.00% · other public 0.58%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2023, 3 resolutions

Present: 7 promoters and 30 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statement of the Company for the financial year ended March 31, 2023 and the reports of the Board of Directors and Auditors thereon
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.47%

    Turnout: all 41.26% · promoters 100.00% · institutions 0.00% · other public 0.60%

  2. To appoint a Director in place of Mr. Nilaybhai J. Vora (DIN: 02158990) who retires by rotation and being eligible, offers himself for reappointment
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.68%

    Turnout: all 41.26% · promoters 100.00% · institutions 0.00% · other public 0.60%

  3. To approve material related party transactions to be entered into by the Company
    SpecialPromoters have an interest in it
    95.49% for4.51% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.51%

    Turnout: all 0.36% · promoters 0.00% · institutions 0.00% · other public 0.60%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 7 Mar 2023, 2 resolutions

Present: 7 promoters and 24 others.The company's voting result (opens in a new tab)

  1. APPROVE MATERIAL RELATED PARTY TRANSACTIONS TO BE ENTERED INTO BY THE COMPANY
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 0.36% · promoters 0.00% · institutions 0.00% · other public 0.62%

  2. INCREASE IN AUTHORISED SHARE CAPITAL AND ALTERATION OF THE CAPITAL CLAUSE IN MEMORANDUM OF ASSOCIATION OF THE COMPANY
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 41.42% · promoters 100.00% · institutions 0.00% · other public 0.62%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2022, 3 resolutions

Present: 8 promoters and 29 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited standalone financial statement of the Company for the financial year ended March 31, 2022 and the reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 57.27% · promoters 100.00% · institutions 0.00% · other public 2.23%

  2. To appoint a Director in place of Mrs. Purvi Bhavin Parikh (DIN: 07732523) who retires by rotation and being eligible, offers herself for reappointment
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.49%

    Turnout: all 57.27% · promoters 100.00% · institutions 0.00% · other public 2.23%

  3. To approve material related party transactions to be entered into by the Company
    SpecialPromoters have an interest in it
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 0.97% · promoters 0.00% · institutions 0.00% · other public 2.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeINCOME TAX DEPARTMENT CPC AY 2023-24Since 9 May 2025
    In Process
  • Tax disputeINCOME TAX DEPARTMENT CIT AO 2021-22Since 28 Mar 2026
    In Process
  • Tax disputeINCOME TAX DEPARTMENT AO AY 2017-18Since 11 Mar 2024
    In Process

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Mar 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Public IssuesFeb 2025–Acquisition of Equity Shares in Globe Denwash Private Limited––Yes
The total subscription received from the Rights Issue was Rs 4504.18 lakhs After accounting for Rs 64 lakhs utilized towards issue-related expenditures the Net Issue Proceeds available for utilisation stands at Rs 4440.18 lakhs Given this shortfall compared to the initially proposed net proceeds of Rs. 4900 lakhs the allocation under General Corporate Purposes and Working Capital has been adjusted accordinglyMoreLess
Public IssuesFeb 2025–Repayment of Loan availed from the related party through conversion outstanding Loan to Equity––Yes
The total subscription received from the Rights Issue was Rs 4504.18 lakhs After accounting for Rs 64 lakhs utilized towards issue-related expenditures the Net Issue Proceeds available for utilisation stands at Rs 4440.18 lakhs Given this shortfall compared to the initially proposed net proceeds of Rs. 4900 lakhs the allocation under General Corporate Purposes and Working Capital has been adjusted accordinglyMoreLess
Public IssuesFeb 2025–Working Capital––Yes
The total subscription received from the Rights Issue was Rs 4504.18 lakhs After accounting for Rs 64 lakhs utilized towards issue-related expenditures the Net Issue Proceeds available for utilisation stands at Rs 4440.18 lakhs Given this shortfall compared to the initially proposed net proceeds of Rs. 4900 lakhs the allocation under General Corporate Purposes and Working Capital has been adjusted accordinglyMoreLess
Public IssuesFeb 2025–General Corporate Purpose––Yes
The total subscription received from the Rights Issue was Rs 4504.18 lakhs After accounting for Rs 64 lakhs utilized towards issue-related expenditures the Net Issue Proceeds available for utilisation stands at Rs 4440.18 lakhs Given this shortfall compared to the initially proposed net proceeds of Rs. 4900 lakhs the allocation under General Corporate Purposes and Working Capital has been adjusted accordinglyMoreLess
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.