Globe International Carriers Limited — Others, 05-03-2025: Copy of Newspaper Publication

Globe International Carriers Ltd. has announced a board meeting on March 19, 2025, to seek shareholder approval for a special resolution regarding variations in the objects of a previous rights issue. The company intends to reallocate ₹13.50 crore from warehouse construction to meet immediate working capital needs due to unforeseen challenges with the original project location and regulatory compliance issues. This strategic shift aims to enhance liquidity and strengthen the financial position of the company. Investors may view this as a proactive approach to optimize fund utilization, although potential risks remain with regard to cost management and market conditions.