General Updates

Date: July 07, 2026 National Stock Exchange Limited Exchange Plaza, Bandra – Kurla Complex, Bandra (East), Mumbai – 400 051 Symbol: GLOBE ISIN: INE581X01021 Subject: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”) Ref: Scheme of Arrangement amongst Globe Enterprises (India) Limited (Demerged Company/Globe) and Morabia Creation Limited (Resulting Company/MCL) and their respective shareholders and creditors under sections 230 to 232 read with other applicable provisions of the Companies Act, 2013. Dear Sir/Madam, This is in continuation to our letter dated July 11,2025 and February 07, 2026 through which we had informed regarding the decision of the Board of Directors of the Company approving the proposed scheme of Arrangement amongst Globe Enterprises (India) Limited (Demerged Company/Globe) and Morabia Creation Limited (Resulting Company/MCL) and their respective shareholders and creditors under sections 230 to 232 read with other applicable provisions of the Companies Act, 2013 subject to the approval of Honourable National Company Law Tribunal (NCLT), and such other statutory and regulatory approvals, as may be required. In this regard, we would like to inform that the Company has received Observation Letters with “No adverse observations” from NSE on July 6, 2026 and with “No objection” from NSE on July 6, 2026 as required under Regulation 37 of the Listing Regulations in relation to the Scheme. The Copy of the said Observation Letter(s) is enclosed herewith. The same has also been uploaded on the website of the Company at weblink https://globeenterprises.net/investors/demerger/#collapse-133 The Company shall abide by all the conditions given in the Observation Letter and shall proceed with filing of the Scheme with the NCLT in due course. 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We are in receipt of the captioned draft scheme filed by Globe Enterprises (India) Limited. Based on our letter reference no. NSE/LIST/ 53630 dated May 19, 2026, submitted to SEBI pursuant to SEBI Master Circular No - SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023 and Regulation 94 (2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SEBI vide its letter dated July 02, 2026, has inter alia given the following comment(s) on the draft scheme of arrangement: a) The Company shall ensure that it discloses all details of ongoing adjudication & recovery proceedings, prosecution initiated and all other enforcement action taken, if any, against the Company, its promoters and directors, before Hon’ble NCLT and shareholders, while seeking approval of the scheme. b) The Company shall ensure that additional information, if any, submitted by the Company after filing the scheme with the stock exchange, from the date of receipt of this letter, is displayed on the websites of the listed company and the stock exchanges. c) The Company shall ensure compliance with the SEBI circulars issued from time to time. d) The Companies shall ensure to comply with various provisions of the Circular and ensure that all the liabilities in relation to the Demerged Undertaking of the Demerged Company are transferred to the Resulting Company. e) The Company shall ensure that the information pertaining to all the Unlisted Companies involved, if any, in the scheme shall be included in the format specified for abridged prospectus as provided in Part E of Schedule VI of the ICDR Regulations, 2018, in the explanatory statement or notice or proposal accompanying resolution to be passed, which is sent to the shareholders for seeking approval. f) The Company shall ensure that the financials in the scheme including financials considered for valuation report are not for period more than 6 months oldT. his Document is Digitally Signed Signed by: Shiwani Mundhra Date: Mon, Jul 6, 2026 16:15:37 IST Location: NSE Continuation Sheet Ref: NSE/LIST/ 53630 July 06, 2026 g) The Company shall ensure that the details of the proposed scheme under consideration as provided by the Company to the Stock Exchange shall be prominently disclosed in the notice sent to the Shareholders. h) The companies shall disclose the following as a part of explanatory statement or notice or proposal accompanying resolution to be passed to be forwarded by the company to the shareholders while seeking approval u/s 230 to 232 of the Companies Act 2013 – i. Need for the demerger, Rationale of the scheme, Synergies of business of the entities involved in the scheme, Impact of the scheme on the shareholders and cost benefit analysis of the scheme ii. Valuation Report dated February 02, 2026, along with the Addendum to the Valuation Report dated March 11, 2026, issued by the IBBI Registered Valuer. iii. Value of Assets and liabilities of GEIL that are being transferred to MCL and post- scheme balance sheet of MCL. iv. Impact of scheme on revenue generating capacity of GEIL along with future prospects of GEIL. v. Details of Revenue, PAT and EBIDTA of GEIL and MC [Showing first 8,000 characters — download PDF for full document]