| The Company was originally incorporated on October 04, 1995 as "Swaroop Financial Services Private Limited" vide Registration no. 027673/1995-1996(CIN:U99999GJ1995PTC0027673) under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Later, the name of the Company was changed to "Globe Textile (India) Private Limited" vide Shareholder's Resolution passed at the Extra Ordinary General Meeting of the Company held on March 31, 2006 and a fresh Certificate of Incorporation dated May 23, 2006 issued by the Registrar of Companies, Gujarat, Ahmedabad pursuant to change in name of the Company. Further, the Company vide Shareholders Resolution passed at the Extra Ordinary General Meeting held on June 24, 2011 and a fresh Certificate of Incorporation dated July 17, 2011 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli, the name of the Company was changed to "Globe Textiles (India) private Limited". Later, the Company was converted into Public Limited Company and consequently name of company was changed from "Globe Textiles (India) Private Limited" to "Globe Textiles (India) Limited" vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on March 4, 2017 and a fresh certificate of incorporation dated March 22, 2017 issued by the Registrar of Companies, Gujarat, Ahmedabad.
The main object of the company on incorporation was financing and letting on lease or hire in any part of India or abroad all kinds of machinery, plants, tools, jigs, fixtures, agricultural machinery etc., finance hire purchase, investment in shares etc. Thereafter, pursuant to a Special resolution passed in the Extra Ordinary General Meeting held on March 23, 2006, Company had changed the Main Object of the Company to carry on the business of manufacturing, ginning texturising, weaving, bleaching, printing and selling cloth of all types, nature and description including all traditions dress, filaments furnishing fabrics, tapestry, linen and fabrics of all types.
The Company was originally promoted by Mr. Suryakant Hiralal Parikh, Mr. Vijaybhai Manubhai Shah, Mr. Dilipbhai Kantilal Adesara and Mr. Dilipbhai Chandulal Pandya who were the initial subscribers to the Company's Memorandum and Articles of Association in the year 1995. Presently Mr. Bhavik Suryakant Parikh and Mr. Bhavin Suryakant Parikh are Promoters of the Company.
Key Events and Mile Stones :
1995-96
-Incorporation of the financing and Leasing Company in the name and style of "Swaroop Financial Services Private Limited"
2005-06
-Change in the name of the Company from "Swaroop Financial Services Private Limited" to Globe Textile (India) Private Limited Consequently change in the objects of Company from Financial Services to Textile Business
2013-14
-Acquired Unit - I in Ahmedabad Apparel Park, GIDC Industrial Area, Ahmedabad, Gujarat
2015-16
-Acquired Unit - II and started commercial production in Matiya Estate, Piplaj, Pirana Road, Ahmedabad, Gujarat
-Acquired Unit - III and started commercial production in Gopalpur, Ahmedabad, Gujarat
-Started Commercial Production of Garments in factory situated at Ahmedabad Apparel Park, GIDC Industrial Area, Ahmedabad, Gujarat
2016-17
-Recognised as a One Star Export House from Directorate General of Foreign Trade (DGFT)
2021
-The Company has issued Bonus Shares in the Ratio of 2:1.
-The Company has splits its face value from Rs. 10/- to Rs. 2/-.
- 'New Products Launch with Brand Name Orijean under the License Agreement.
2024
-The company issued rights shares of Rs. 2 in the ratio of 1:1 at a premium of Rs. 1 per share.
-The Company Informed the acquisition of equity shares of Globe Denwash Private Limited through right issue of the Company.
2025 -The company issued rights shares of Rs. 2 in the ratio of 1:2 at a premium of Rs. 1 per share. -Company name has changed to Globe Enterprises (India) Ltd. from Globe Textiles (India) Ltd.. -The Company has decided to issue equity shares on rights basis in the ratio of 150139596 : 300279192, i.e 150139596 Equity Shares for every 300279192 Equity Shares held. Issue Price is 3 per share.
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