Thursday, Nov 20 — Globus Spirits Ltd. announced that its Board of Directors has approved raising up to Rs 500 crore through the issuance of equity shares, according to the outcome of the Board meeting held on November 20. The fundraise may be executed through qualified institutional placement (QIP), preferential allotment, private placement, or a combination of these methods, subject to shareholder and regulatory approvals.
The Board meeting, which commenced at 11:00 AM and concluded at 1:50 PM, cleared multiple resolutions related to capital raising, investor limits, and corporate governance.
Key Board Decisions
1. Fundraise of up to Rs 500 crore
Globus Spirits will raise equity capital not exceeding Rs 500 crore, including premium, in one or more tranches. The issuance will be carried out under mechanisms permitted by SEBI and other applicable laws.
2. Formation of a Fund Raising Committee
To facilitate the process, the Board has constituted a dedicated Fund Raising Committee that will oversee all decisions related to the proposed capital infusion.
3. Enhancement of FPI investment limit
The company has proposed increasing the Foreign Portfolio Investors (FPI) investment limit to 20% of its paid-up equity share capital. This increase will require shareholder approval.
4. EGM scheduled for December 18, 2025
An Extraordinary General Meeting (EGM) will be held on Thursday, December 18, 2025, where shareholders will vote on all fundraise-related resolutions. The notice for the EGM will be submitted to exchanges in due course.
According to the filing, the approved resolutions are in line with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
