Globe Textile (India) Limited has announced a board meeting on January 10, 2025, to finalize details for a rights issue. The company plans to issue up to 15,01,39,596 fully paid-up equity shares at an issue price of ₹3 each, totaling approximately ₹49 Cr. Shareholders will have a 1:2 entitlement ratio based on holdings as of the record date, January 17, 2025. The rights issue will open on January 24, 2025, and close on February 6, 2025, with an on-market renunciation period from January 24 to January 31, 2025.