Pursuant to the Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure requirements) Regulations, 2015, we are submitting herewith the Annual Report ....
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Globe Multi Ventures Limited (formerly Globe Commercials Ltd) has submitted its 40th Annual Report for FY 2024-25 along with the Notice of the 40th Annual General Meeting under SEBI LODR Regulation 34. On a standalone basis, revenue grew 25.27% to Rs. 20,344.61 lakhs while net profit surged 96.79% to Rs. 601.05 lakhs. Consolidated revenue for FY25 was Rs. 74,812.55 lakhs (no consolidated figures for FY24 as the company had no subsidiaries earlier). The AGM is scheduled for September 29, 2025 at 11:00 AM via video conferencing, with e-voting through CDSL open from September 23 to September 28, 2025. The board has not recommended any dividend, citing the need to retain funds for working capital and business expansion. The company recently acquired an 84.40% stake in Hyderabad-based CoOptions Corporation Private Limited through a share swap (4:1 ratio). The secretarial auditor flagged a few compliance lapses — no internal auditor was appointed, one independent director was not registered with the data bank, and book closure and e-voting notices were not published in newspapers.
Shareholders can attend the AGM virtually and vote electronically between September 23–28, 2025 (cut-off date September 19, 2025). The near-doubling of profit is a positive signal for the stock, but no dividend means shareholders won't get any cash payout this year despite strong earnings.