Globe International Carriers Limited has informed the Exchange regarding 'Intimation of Constitution of Corporate Social Responsibility (CSR) Committee under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
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Globe International Carriers Limited, an NSE SME-listed logistics company, has informed the stock exchange that its Board of Directors, at a meeting held on 6th August 2025, constituted a Corporate Social Responsibility (CSR) Committee in line with Section 135 of the Companies Act, 2013. The committee is chaired by Independent Director Mr. Rajendra Kumar Agrawal, with Managing Director Mr. Subhash Agrawal and Independent Director Mr. Sanjay Jindal as members. Two of the three members are independent directors, which aligns with standard governance norms for CSR committees. This is a routine compliance disclosure under SEBI Listing Regulations.
This is a routine governance and compliance update with no material impact on the stock price or shareholder value. It signals that the company is meeting its regulatory obligations and formalizing structures for CSR spending, which may be relevant if Globe International crosses the profit or turnover thresholds that make CSR spending mandatory under the Companies Act.