Globe Textiles (India) Limited — Others, 21-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Globe Textiles (India) Ltd. has announced a deviation in the use of funds from its Rights Issue, having raised ₹345.04 million against the planned ₹490 million. As a result, allocations for working capital and corporate purposes were proportionally reduced, while funding for equity share acquisition and related party loan repayment proceeded as planned. This adjustment affects the company’s liquidity management and operational plans, which shareholders should monitor for potential impacts on business performance.