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- Financial Update
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The board meeting has resulted in the allotment of 15,01,39,596 equity shares at a price of Rs. 3 per share, raising a total of Rs. 45.04 crore. This capital increase has raised the company’s paid-up share capital from Rs. 60.06 crore to Rs. 90.08 crore. This move strengthens Globe Textiles' financial position and is likely aimed at supporting future growth initiatives.