Outcome of Board Meeting held on February 19, 2025

Globe International Carriers Ltd. has approved the acquisition of 40,00,000 equity shares, representing 50% of the equity share capital of Govind Kripa Infratech Private Limited, for a total consideration of ₹27,22,40,014.20. The purchase will be settled through the issuance of up to 24,78,740 fully paid-up equity shares of Globe International Carriers at a price of ₹109.83 per share. The completion of the acquisition is subject to shareholder and regulatory approvals.

Reported results are the point at which prior management commitments become checkable against audited or reviewed numbers.

• Margin trend against the prior period
• Cash from operations against reported profit
• Whether prior guidance is reaffirmed