Globus Spirits has successfully secured shareholder approval for its major corporate initiatives at the Extraordinary General Meeting (EGM) held on December 18, 2025. The company's proposals for fundraising and foreign investment limit expansion received overwhelming support from shareholders.

EGM Voting Results

The EGM, conducted through video conferencing from the company's registered office in New Delhi, saw strong shareholder participation. A total of 158 shareholders attended the meeting through video conferencing, with comprehensive voting conducted through both remote e-voting and venue e-voting processes.

Approved Fundraising Initiative

Shareholders approved the proposal to raise capital up to ₹500.00 crores through various modes including qualified institutional placements, private offerings, or other permitted methods. The resolution received 93.54% votes in favor, demonstrating strong confidence in the company's growth plans.

FPI Limit Enhancement

The proposal to increase the Foreign Portfolio Investment (FPI) limit from 10.00% to 20.00% of paid-up equity share capital received near-unanimous approval with 99.99% votes in favor. This enhancement aims to attract more foreign investments and broaden the company's investor base.

Voting Process Details

The voting process was conducted under the supervision of an independent scrutinizer, ensuring transparency and compliance with regulatory requirements. The remote e-voting facility was available from December 14-17, 2025, followed by venue e-voting during the EGM.

With these approvals secured, Globus Spirits is now positioned to execute its capital raising plans and attract enhanced foreign portfolio investments, supporting its strategic growth objectives in the spirits industry.

Globus Spirits Ltd. , a prominent player in the Indian spirits industry, has set ambitious targets for its future growth and announced potential fund-raising plans, signaling a strategic shift in its business approach.

Revenue Target and Margin Goals

The company has unveiled an aggressive growth strategy, targeting a significant increase in its total consumer revenue. Key points of this strategy include:

This strategic goal represents a substantial growth ambition for Globus Spirits, with a particular focus on expanding its presence in the prestige category segment of the spirits market.

Potential Fund Raising Initiative

In a separate development, Globus Spirits has announced plans to consider a fund-raising proposal. The company's board of directors is scheduled to meet on November 20, 2025, to evaluate various fund-raising options, including:

• Issue of equity shares
• Equity-linked instruments
• Convertible preference shares
• Fully or partly convertible debentures
• Composite issue of non-convertible debentures and warrants

The company is exploring multiple avenues for this potential fund raise, such as:

• Private placement (including qualified institutions placements)
• Further public issue of equity/debt securities
• Preferential issue
• Rights issue

Market Implications

These announcements suggest that Globus Spirits is gearing up for a phase of significant expansion and capital investment. The ambitious revenue target, coupled with the potential fund-raising initiative, indicates the company's intent to strengthen its market position and possibly explore new growth avenues in the coming years.

Investor Considerations

While these plans paint an optimistic picture for Globus Spirits' future, investors should note that the fund-raising proposal is still under consideration and subject to necessary approvals, including shareholder consent. The company has also closed its trading window for directors and senior employees until further notice, in compliance with SEBI regulations.

As Globus Spirits embarks on this journey towards its FY'29 goals, market observers will be keenly watching how these strategic moves unfold and impact the company's performance in the competitive Indian spirits market.