GLOBE TEXTILES (I) Share price

The Company was originally incorporated on October 04 1995 as “Swaroop Financial Services Private Limited” vide Registration no. 027673/1995-1996(CIN:U99999GJ1995PTC0027673) under the provisions of the Companies Act 1956 with the Registrar of Companies Gujarat Dadra & Nagar Haveli. Later the name of the Company was changed to “Globe Textile (India) Private Limited” vide Shareholder’s Resolution passed at the Extra Ordinary General Meeting of the Company held on March 31 2006 and a fresh Certificate of Incorporation dated May 23 2006 issued by the Registrar of Companies Gujarat Ahmedabad pursuant to change in name of the Company. Further the Company vide Shareholders Resolution passed at the Extra Ordinary General Meeting held on June 24 2011 and a fresh Certificate of Incorporation dated July 17 2011 issued by the Registrar of Companies Gujarat Dadra and Nagar Haveli the name of the Company was changed to “Globe Textiles (India) private Limited”. Later the Company was converted into Public Limited Company and consequently name of company was changed from “Globe Textiles (India) Private Limited” to “Globe Textiles (India) Limited” vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on March 4 2017 and a fresh certificate of incorporation dated March 22 2017 issued by the Registrar of Companies Gujarat Ahmedabad.The main object of the company on incorporation was financing and letting on lease or hire in any part of India or abroad all kinds of machinery plants tools jigs fixtures agricultural machinery etc. finance hire purchase investment in shares etc. Thereafter pursuant to a Special resolution passed in the Extra Ordinary General Meeting held on March 23 2006 Company had changed the Main Object of the Company to carry on the business of manufacturing ginning texturising weaving bleaching printing and selling cloth of all types nature and description including all traditions dress filaments furnishing fabrics tapestry linen and fabrics of all types.The Company was originally promoted by Mr. Suryakant Hiralal Parikh Mr. Vijaybhai Manubhai Shah Mr. Dilipbhai Kantilal Adesara and Mr. Dilipbhai Chandulal Pandya who were the initial subscribers to the Company’s Memorandum and Articles of Association in the year 1995. Presently Mr. Bhavik Suryakant Parikh and Mr. Bhavin Suryakant Parikh are Promoters of the Company. Key Events and Mile Stones :1995-96-Incorporation of the financing and Leasing Company in the name and style of “Swaroop Financial Services Private Limited”2005-06-Change in the name of the Company from “Swaroop Financial Services Private Limited” to Globe Textile (India) Private Limited Consequently change in the objects of Company from Financial Services to Textile Business2013-14-Acquired Unit - I in Ahmedabad Apparel Park GIDC Industrial Area Ahmedabad Gujarat2015-16-Acquired Unit – II and started commercial production in Matiya Estate Piplaj Pirana Road Ahmedabad Gujarat-Acquired Unit – III and started commercial production in Gopalpur Ahmedabad Gujarat-Started Commercial Production of Garments in factory situated at Ahmedabad Apparel Park GIDC Industrial Area Ahmedabad Gujarat2016-17-Recognised as a One Star Export House from Directorate General of Foreign Trade (DGFT)