Globe Textiles (India) Limited has informed the Exchange regarding 'Disclosure under Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading)Regulations, 2015'.
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Bhavik Suryakant Parikh, a promoter of Globe Textiles (India) Limited, bought 24,00,000 equity shares in the open market on September 22, 2025, through the NSE. The transaction was valued at approximately Rs. 5.80 crore. As a result, his shareholding in the company rose from 2,62,37,035 shares (5.83%) to 2,86,37,035 shares (6.36%). The disclosure was made under SEBI's Prohibition of Insider Trading Regulations to report the change in his holding.
This is a positive signal for retail investors, as a promoter increasing his stake typically indicates confidence in the company's future prospects. The market purchase worth nearly Rs. 5.8 crore may boost sentiment around the stock.