Globe Textiles (India) Limited — Updates, 21-07-2025: Press Release

Globe Textiles is strategically demerging its online business, including INDIGENX & ORIJEAN brands, into a new listed entity, Morabia Creation. This aims to unlock shareholder value and enhance focus, though the demerged business's FY25 turnover was a mere Rs 20.77 Lakhs (0.04% of total). Globe's shareholders will receive shares in Morabia Creation, with promoters not retaining control. Financially, Globe reported strong FY25 performance: total income jumped 18% to Rs 561 Cr, and net profit rose 11% to Rs 10 Cr, signaling continued growth for the core textile business.