NSE clears Globe Enterprises demerger with Morabia Creation

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

GLOBE · price

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

Price reactionminutes from the announcement price · days from the prior close

-3.2%Reaction day

₹2.20

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.0%-1.2% vs market

Other Textile Products peers, median of 183sector-1.7%-1.5% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 1.5 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.2-2.0-1.2-1.7-1.5

Next day

-1.4-0.1-1.2-1.1-0.3

-0.9+1.2-2.1-1.1+0.1

-1.8+1.4-3.2-0.1-1.7

-1.8+0.4-2.2-1.1-0.7

-1.8+1.0-2.8-0.9-0.9

-1.4-0.5-0.8-1.3-0.1

15d

-2.3-0.6-1.7-1.4-0.9

-7.7+3.4-11.1-1.3-6.5

-14.5+6.0-20.6-0.2-14.3

-5.5+1.1-6.6-6.9+1.4

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 183Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.