NSE clears Globe Enterprises demerger with Morabia Creation

Nclt Scheme FiledStrategic Transactions View source PDF

GLOBE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.4%1-day move

₹2.20

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-1.4-0.9-1.8-1.8-1.8-1.4————

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AI summary

Globe Enterprises received NSE observation letters on July 6, 2026 with no adverse observations and no objection for its proposed demerger scheme with Morabia Creation Limited under sections 230-232 of the Companies Act, 2013. The scheme was approved by the board earlier. The company will now proceed to file the scheme with NCLT within six months. Resulting entity MCL will need to apply for listing on NSE post scheme sanction.

Likely market impact

Key regulatory milestone cleared before NCLT approval; listing of Morabia Creation depends on scheme sanction.