Globe Multi Ventures : Intimation – News paper Publication of Notice of Extra Ordinary General Meeting of the company

Dt: 13.04.2024

The Manager	Metropolitan Stock Exchange of India Ltd.
Listing Department	Building A, Unit 205A, 2nd Floor,
BSE Limited	Piramal Agastya Corporate Park,
Phiroze Jeejeebhoy Towers	L.B.S Road, Kurla West, Mumbai - 400 070
Dalal Street, Mumbai - 400 001

Dear Sir,

Sub: Intimation - News paper Publication of Notice of Extra Ordinary General Meeting of the company.

Ref: Scrip Name: Globe Multi Ventures Ltd (Formerly known as Globe Commercials Ltd.) Scrip Code: 540266.

With reference to the subject cited above, please find enclosed herewith clippings of the Newspaper Advertisement published in the following News paper on 10th April, 2024 of notice convening Extra Ordinary General Meeting of Globe Multi Ventures Ltd.

1. Business Standard (English)
2. Maharashtra Times (Marathi)

This is for your information and records of the Exchange, please.

Thanking you

Yours faithfully,

For Globe Multi Ventures Ltd

(Formerly known as Globe Commercials Ltd)

Kameswari Sivalenka

Whole Time Director

GLOBE MULTI VENTURES LIMITED

(Formerly known as Globe Commercials Ltd) CIN:L52110MH1985PLC293393 Corp. Off: Plot No. 54 & 55,A.G. Arcade, Balaji Co-operative Society, Transport Road, Secunderabad - 500009, Telangana

Regd. off: Office No. 51, V Mall, Ground Floor, Asha Nagar, Thakur Complex, Kandivili (East), Mumbai - 400101, M.H Ph:040 - 40123364,E-mail:[e-mail], www. globecommercialsltd. com

CHENNAI | WEDNESDAY, 10 APRIL 2024

TAKE TWO 15

.

IN GOLD SHOULD YOU TRUST?

Itisnotaninterest-bearingassetandhaspreciouslittle industrialuse. So,whyisitgoingupinvalue?Andhow shouldyouinvestinit?

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JTEKT INDIA LIMITED

(CIN - L29113DL1984PLC018415)

Regd. Office: UGF-6, Indraprakash, 21, Barakhamba Road, New Delhi 110001.

Tel. No. : 011-23311924, 23327205

E-mail: [e-mail]; Website: www.jtekt.co.in

Notice for issue of Duplicate Share Certificates

Members of the public are hereby informed that original share certificates, details of which are given hereunder have been reported lost / misplaced and now the shareholder has furnished the documents claiming his shares from the Company :

Sl.	Share	No. of	Distinctive Nos.	Folio	Name of the
No.	Certificate	Shares	From	To	No.	Shareholder
	Nos.

1. 27455 4000* 193786901 193790900 026509 Damodar Purohit Vishal Purohit

* (Face Value of Rs. 1/- each)

Any person having any objection to the issue of Duplicate Share Certificates may submit the same in writing with the Company at its Registered Office within 15 days from the date of publication of this Notice. Members of the public are cautioned against dealing in the above mentioned share certificates.

	For JTEKT India Limited
Place : Gurugram	Saurabh Agrawal
Date : 09.04.2024	Company Secretary

DEVANGSHU DATTA

New Delhi, 9 April

• he oldest class of assets - precious metals such as gold, silver, and platinum - has been among the better

performers of 2024. Gold, in particular, is up 11 per cent since January. It has been hitting record highs and commodity traders expect it to keep going up.

That is 11 per cent, in terms of United States dollar values. In rupee terms, the returns are higher, since the Indian currency has lost ground against the dollar.

Gold is not only one of the oldest known assets; though it is among the more unusual. It is near useless in industrial terms, with the very few applications such as in the decorative industry, unlike silver and platinum, both of which have large industrial footprints.

The physical yellow metal is not an interest-bearing asset either. And yet, gold is a reliable hedge against inflation and uncertainty. Moreover, it is a hard asset - it can be converted into cash easily, or used as collateral for instant loans.

This is why every Indian family (and Chinese, Malaysian, and Korean) likes to hold gold. It is also why central banks such as the Reserve Bank of India and the US Federal Reserve hoard gold, and why inflation-ravaged Zimbabwe is introducing a new gold- backed currency. Gold saved India in mid-1991, when forex reserves had dipped to $600 million - just enough to pay for a fortnight's imports. India pledged 40 tonnes of gold to tide over the crisis.

Behindtheglitter

Indians are among the world's most enthusiastic hoarders of gold - households are reckoned to hold more than 21,000 tonnes. It ranks just below oil and gas on the import list, although, as part of an effort to curb imports, the government has introduced several innovative schemes to wean people off the physical metal.

So why is gold going up in value? There are quite a few answers and they are linked. First, inflation. Covid-

19 scrambled global value chains. Then the Ukraine War scrambled them all over again. Shortages and supply disruptions in energy, semi- conductors, pharmaceutical drugs, food, and what-have-you have meant high inflation.

Not only does the Ukraine War continue, the Israel-Gaza War has now created new tensions. A blockade of the Red Sea by the Houthi, and fears of escalation if Iran gets into the act, have triggered fresh fears of disruption of oil and gas. This could mean another round of inflation.

A second set of uncertainties also arises due to possibilities of multiple regime changes. Around 40 nations, including India and the United States, are due for elections in 2024 (or have already had election, as in the case of India's neighbours). Those affect 4 billion people, and therefore, investors have to factor in political

uncertainty, and inevitably,		centred on the metal. India's love
uncertainty also leads to fresh		affair with gold goes back to deep
demand for gold.						antiquity and it is unlikely to
Gold is linked to the US dollar, as		terminate any time soon, since there
pointed out earlier. If the US currency		are sound reasons beyond tradition
goes down, gold prices go up in $		to hoard the yellow metal (or its
terms. The $ is expected to weaken		digital equivalent).
because the Federal Reserve has
signalled it will cut interest rates this		BecomingaGoldBug
year. Some speculators are loading up
on gold in anticipation of the cuts.		Financial Planners often suggest that
						investors should allocate a small
Supplyside						component - say 5 to 10 per cent of
					their portfolios - to gold. The
There is very limited new supply. Gold		drawbacks to owning gold used to be
has to be mined and global production		bulk, uncertainty about jewellery
is only around 3,100 tonnes of which		caratage, fears about physical safety,
China produces around 10 per cent. In		and the absence of guaranteed return
2023, around 4,450 tonnes were		since there was no interest income.
traded, and that was 5 per cent lower		In terms of purity, Titan and other
than in 2022. The Federal Reserve		jewellers now offer guarantees and
alone holds more than 9,000 tonnes of		over-the-counter tests of purity.
gold. India imported around 750		Banks sell certified gold bars as well.
tonnes in calendar 2023 at a cost of		Incidentally, you can buy up to ~2 lakh
~2.8 trillion.						worth of physical gold without
Demand therefore exceeds supply,		furnishing PAN or Aadhaar, etc, in a
which is one reason gold often beats		single transaction. But you have to pay
inflation. Demand									goods and services
has historically									tax (GST) on a
exceeded supply		RECORD RUN				physical
except during brief					transaction.
periods, when new				Standard gold	(~/10 gm)	Jewellers will
supplies have been				break up a large
discovered, such						71,544			transaction into
as the colonisation									several ~2 lakh
of South Africa, the									components, so
colonisation of the									this is a useful and
Americas, the gold		52,330					potentially legal
rush in California						route to convert
(1849) and The									cash into gold.
Yukon (1890s).									The 21st
Commodity									century investor
traders believe this									can also take
bull-run could last									exposure to gold
till 2030.									in other ways to
India's									avoid the above
policymakers have		Data from Feb 24 '22, when the Russia-Ukraine war began	issues.
a love-hate		Source: IBJA					SovereignGold
	Compiled by BS Research Bureau
relationship with									Bonds(SGBs)offer
gold. On the one			Gold is linked to the US dollar. If	interestincome
hand, the RBI buys			(2.5percentper
		the US currency goes down, gold
gold (it is buying			annum)and
		prices go up in $ terms. The $ is
now). But			favourabletax
		expected to weaken because the
policymakers			termsiftheSGBis
		Federal Reserve has signalled it
dislike the fact that			heldtomaturity
		will cut interest rates this year
private citizens			(eightyears,
also buy gold. In									unlessyoubuya
1968, the Gold									bondwhichis
Control Act									closetomaturity).
prohibited jewellers from keeping		Thisisanelectronicinstrument. No
more than 100 grams of gold in		GSTispayable. Nostoragerequired.
inventory and banned ordinary		Noworriesaboutpurityor
citizens from holding coins or bars --		physicalsafety.
they could only keep jewellery.		Anotherelectronicinstrumentis
This Act generated lots of		thegoldETF,ofwhichtherearemany.
employment for huge gangs of		AgoldETFholdsgoldandsellsunitsto
smugglers. It also gave rise to the		investorsjustlikeanyotherETF.
romantic legend of the Robin Hood		InvestorscanbuySGBsand
smuggler, which inspired many		ETFseasily.
Bollywood megahit movies		There is also a whole segment of
(think Deewar).						the NBFC (non-banking finance
After the Act was repealed, India's		companies) industry that works on
jewellery industry has done a terrific		the basis of gold loans. The
job, deploying creative design and		sophisticated investor can look at
innovative processes to service		buying shares in listed companies
domestic and global demand. Titan's		such as Manappuram Finance and
Tanishq is the world's most valuable		Muthoot Finance as an indirect
jewellery brand, for example, and		exposure to the metal. Banks have also
there are many other highly-regarded		got into the lucrative gold
brands. The industry can also boast of		loans business.
Nirav Modi, who is of course, well-		In sum, an investor who
known for being a little too creative in		wants gold exposure now has a
terms of financial engineering.		plethora of choices, including both
There is actually plenty of legally		the physical, and various
sanctioned financial engineering		electronic instruments.