Globale Tessile Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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The promoter and Chairman of Globale Tessile Limited, Jeetmal Bhoorchand Parekh, has filed a declaration on behalf of all promoters and promoter group members confirming that no new encumbrances (such as pledges or liens) have been created on the company's shares during the financial year ended 31 March 2025, other than those already disclosed earlier. This is a routine annual compliance filing required under SEBI's takeover regulations. The list of 16 promoter and promoter group entities, including individuals, HUFs, and private companies, was attached as Annexure-A.
This is a neutral, routine compliance disclosure. It signals that promoters have not pledged any additional shares during the year, which is generally seen as a stable sign for retail investors as it suggests no immediate financial stress or fundraising pressure on the promoter group.