Globus Spirits Limited has informed the Exchange about General Updates
GLOBUSSPR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Globus Spirits has provided an update on its joint venture, Globus Ansa Private Limited (GAPL), with Ansa McAL Limited. The GAPL board has been re-constituted with 6 directors, equally representing both JV partners (3 each). The board approved share allotment giving each partner an equal 50% stake, with total share capital of Rs. 2 crore (2,00,000 equity shares of Rs. 100 each). Additionally, GAPL has commenced commercial production of Carib Premium Strong Beer in 500 ML cans, to be sold in Uttar Pradesh at an MRP of Rs. 130 per can, manufactured through a tie-up with Manav Breweries in Ghaziabad.
This signals a formalised and balanced JV with a confirmed new revenue stream from the Carib beer brand in Uttar Pradesh. For shareholders, the beer launch adds a new product category beyond spirits, though its scale and revenue contribution are not yet disclosed.