On April 30, 2025, Globe Multi Ventures Ltd. (formerly Globe Commercials Ltd) convened an Extraordinary General Meeting (EGM) to deliberate upon several key resolutions aimed at furthering the company’s growth and business expansion. The meeting was held at 11:00 a.m., and concluded at 11:58 a.m., with all proposed resolutions being duly discussed and considered by the shareholders.

The EGM addressed various critical matters, including a preferential issue of 20,79,39,152 equity shares of Rs. 10/- each on a swap basis for the acquisition of equity shares in CoOptions Corporation Private Limited (CCPL). This move is expected to significantly strengthen the company’s investment position in CCPL, a strategic acquisition to bolster its growth prospects.

The EGM resolutions included the following points, each of which was carefully reviewed and approved:

1. Preferential Issue of equity shares on a swap basis for the acquisition of equity shares in CoOptions Corporation Private Limited (CCPL).

2. Increase in the Authorized Share Capital of the company to accommodate the proposed issuance of equity shares.

3. Amendment to the Memorandum of Association to reflect the proposed increase in authorized share capital.

4. Amendment to the Articles of Association to align with the proposed increase in share capital.

5. Increase in Borrowing Powers of the company to fund expansion initiatives and acquisitions.

6. Mortgage/Create Charge Powers for the company to secure necessary financing.

7. Approval of Investment Limits under Section 186 of the Companies Act, 2013, for investments in CoOptions Corporation Private Limited (CCPL).

8. Approval of Shareholder Agreements/Share Purchase Agreements for the acquisition of CCPL equity.

9. Approval of Material Related Party Transaction Limits with CoOptions Corporation Private Limited (CCPL).

These resolutions are in line with the company's strategic vision to expand its footprint and bolster its position in the market by engaging in significant acquisitions and enhancing its financial structure.

The voting results on these resolutions, in compliance with Regulation 44(3) of SEBI (LODR) Regulations 2015, will be submitted to the Metropolitan Stock Exchange of India Ltd. and the BSE Limited in the prescribed format within the stipulated timeframe.

The communication was formally signed by Kameswari Sivalenka, the Director of Globe Multi Ventures Ltd., who holds the DIN 00412669. The company remains committed to adhering to SEBI regulations and providing transparency in its corporate governance processes.

In conclusion, the EGM of Globe Multi Ventures Ltd. was a significant event for the company, paving the way for strategic decisions that are expected to enhance its operational and financial strength. The approval of these resolutions reflects the company’s efforts to improve its shareholder value and continue its growth trajectory in an increasingly competitive market.

Stakeholders, including investors and analysts, are advised to keep an eye on further developments related to the voting results and other corporate announcements from Globe Multi Ventures Ltd. as they unfold.

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