(iii) The equity shareholders of the company are entitled to get the dividend as and when proposed by the Board of Directors and approved by the Shareholders in the
ensuing general meeting.
(iv) In the event of liquidation of the Company, the equity shareholders will be entitled to receive remaining assets of the company, after distribution of all prefential
amounts. The distribution will be in proportion to the number of equity shares held by of shareholders.
(v) The company did not have outstanding calls unpaid by the directors and officers of the Company (Previous Year NIL) and also did not have any amount of forfeited
shares (Previous Year NIL).
(vi) The purpose of right issue alloted in FY 2023-24 has been partly altered in EGM held on 19th March 2025 in which it has been resolved that Rs.1350 Lakhs would be
utilised as working capital purpose to optimise fund utilisation and ensure maximum shareholder value.
3.5 The Company has neither alloted any fully paid up equity shares without payment being received in cash nor has bought back any class of equity shares during the period
of five years immediately preceding the balance sheet date.
3.6 The Company has approved in EGM dated 19th March, 2025 , the issuance of the equity shares by way of preferential allotment on a private placement basis upto
24,79,192 (Twenty four lakh seventy nine thousand one hundred ninety two) equity shares of face value of Rs.10/- at a price of Rs.109.81 (Rupees one hundred nine and
eighty one paise only) per share (including premium of Rs.99.81 per share) to the shareholders of Govind Kripa Infratech Pvt Ltd (GKIT) for consideration other than cash
being the acquistion of 40,00,000 (Forty Lakhs) equity shares of GKIT but the same has been withdrawl by board in board meeting held on on 24th April 2025.
3.7 The board has approved in board meeting held on 24th April, 2025, the acquisition of 40,80,000 equity shares, representing 51% of the equity shareholding in M/s. Govind
Kripa Infratech Private Limited ("GKIT") for a total purchase consideration of T 29,43,31,200/- (Rupees Twenty-Nine Crores Forty Three Lakh Thirty One Thousand Two
Hundred Only) at a price of T 72.14/- (Rupees Seventy Two and Fourteen Paise Only) per equity share. RESOLVED FURTHER THAT in consideration of the above acquisition,
the consent of the Company be and is hereby accorded for the issuance and allotment of up to 30,69,148 (Thirty Lakhs Sixty Nine Thousand One Hundred and Forty Eight)
fully paid-up equity shares of the Company having a face value of T10/- (Rupees Ten Only) each at a price of T 95.90 (Rupees Ninety Five and Ninety paisa Only) per equity
share (including a premium of Rs. 85.90/- per share), to the shareholder of GKIT by way of share swap, thereby discharging the entire purchase consideration for the
acquisition of GKIT
3.8 During the period of last five years, the Company has issued Bonus Shares as follow:
# 2009850 Bonus Shares as per resolution passed through postal ballotn on 12-03-2021 by capitalisation of reserves.
#10049250 Bonus Shares as per resolution passed through postal ballotn on 27-10-2022 by capitalisation of reserves.
8-1 Type of Security regarding working capital facilities from HDFC Bank are as follows:
a) Equitable Mortgage of following commercial and residential properties of directors -
1) Office no.303 to 306, 3rd Floor, Prakash Deep Complex, Near Mayank Trade Centre, Jaipur
2) Office no.203, 204, 205, 206 & 209, 2nd Floor, Prakash Deep Complex, Near Mayank Trade Centre, Jaipur
3) Plot No. 2 & 4, Madhu Nagar, Near Express Highway Road, VKI Area, Roan No. 14, Jaipur
4) Plot No. G-48, Village:- Rajawas, Tehsil:- Amer, Jaipur
5) 401 & 101 Adarsh Plaza, Near Khasa Kothi Circle, Jaipur
6) 512 Anchor Mall, Ajmer Road, Jaipur
7) 703 & 704, Shri Villa Apartment, Bhartiya Path, Kantichand Road, Banipark, Jaipur
8) Plot No. 574, Block:- 25, Omaxe City, Ajmer Road, Jaipur
9) Plot No. 2625, Omaxe City Ajmer Road, Jaipur
10) Office No 201 & 202, 2nd Floor, Prakash deep Complex, Near Mayank Trade Center, Jaipur
11) Office No 207 Second Floor, Prakash Deep Complex, Near Mayank Trade Center, Jaipur
12) Plot No. 2583, Omaxe City, Ajmer Road, Jaipur
13) Villa No. 62, Omaxee Panorama City, Bhiwadi, Distt.- Alwar
14) Plot No. 2549, Block No:- 104, Omaxee City, Ajmer Road, Jaipur
15) Plot No. 2624 Omaxe City, Ajmer Road, Jaipur
16) Office no. 307, 308, 3rd Floor, Prakash deep Complex, Near Mayank Trade Centre, Jaipur
17) Plot No. G-49, Village:- Rajawas, Tehsil:- Amer, Jaipur
b) First & Exclusive Charge on Current Assets , Stock, Book Debpts (Current & Future) - Hypothecation
c) Personal Gurantee of Subhash Agrawal
d) The Company does not have any continuing default in repayment of loans and interest as on the reporting date.
e)
’ The above loans have been guaranteed by two directors of the Company, namely Mr. Subhash Agrawal & Mrs. Surekha Agarwal.
8.2 Conditions regarding working capital facilities from Yes Bank are as follows:
a) Personal Gurantee of Subhash Agrawal, Surekha Agrawal and Shubham Agrawal
b) Unconditional & Corporate Guarantee of Govind Kripa Enclave LLP
c) The Company does not have any continuing default in repayment of loans and interest as on the reporting date.
27. Gratuity, Leave Salary and Post Separation Benefits
27.1 Method:
Company have used the Projected Unit Credit (PUC) actuarial method to assess the Plans liabilities, including those related to death-in-service and incapacity benefits.
Under the PUC method a projected accrued benefit is calculated at the beginning of the year and again at the end of the year for each benefit that will accrue for all
active members of the Plan. The projected accrued benefit is based on the Plans accrual formula and service as of the beginning or end of the year, but using final
compensation, projected to the age at which the employee is assumed to leave active service. The Plan Liability is actuarial present value ofthe projected accrued
benefits as on date of valuation.
29. Normal Operating Cycle and Classifiaction of Assets and Liabilities into Current and Non- Current
2g -| In accordance with the requirement of Schedule III of Companies Act, 2013, Normal Operating Cycle of the Company’s business is determined and duly approved by the
Management.
29.2 Assets and Liabilities of the above Business have been classified into Current and Non Current using the above Normal Operating Cycle and applying other criteria
prescribed in Schedule III of Companies Act, 2013.
As per our separate report of even date
For Gourisaria Goyal & Co. For and on behalf of the Board of Directors of Globe International Carriers Ltd.
Chartered Accountants
FRN :- 016681C
(CA Sandeep K Agrawal) Partner (Subhash Agrawal) (Surekha Agarwal)
M. No. 417193 Managing Director Whole Time Director
UDIN:25417193BMOGIE1542 DIN:- 00345009 DIN:- 00345237
Place : Jaipur
Date: 21-05-2025
(CA Saloni Agrawal) CS Annu Sharma Khandelwal
Chief Financial Officer (M.No.: A52860)
|