Globale Tessile FY26 loss widens as revenue falls

1 min read Updated on 28 May 2026, 09:23 AM

Reviewed by

Shriram SScanX News Team

AI Summary

Globale Tessile reported a widened net loss of ₹139.93 lakh for FY26, compared to ₹76.92 lakh in FY25, as revenue from operations fell to ₹1444.24 lakh. For Q4FY26, the company recorded a net loss of ₹40.74 lakh on revenue of ₹805.76 lakh. The board approved the audited results on May 26, 2026, and the statutory auditors issued an unmodified opinion.

*this image is generated using AI for illustrative purposes only.

Globale Tessile reported a widened net loss for the financial year ended March 31, 2026, as revenue declined significantly. The company recorded a net loss of ₹139.93 lakh for FY26, compared to a net loss of ₹76.92 lakh in the previous year. Revenue from operations fell to ₹1444.24 lakh from ₹4907.72 lakh in FY25. For the fourth quarter ended March 31, 2026, the company posted a net loss of ₹40.74 lakh, while revenue from operations stood at ₹805.76 lakh.

Financial Performance

The board approved the audited financial results for the quarter and year ended March 31, 2026, on May 26, 2026. Total expenditure for FY26 increased to ₹1688.94 lakh from ₹5072.11 lakh in the previous year. The company reported a profit before tax of -₹173.42 lakh for the year. Basic earnings per share (EPS) for FY26 was -₹1.32, compared to -₹0.72 in the prior year.

Key Financial Metrics

Metric	Q4FY26 (₹ in Lakhs)	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from operations	805.76	1444.24	4907.72
Total Revenue	838.69	1515.52	4965.66
Total Expenditure	885.46	1688.94	5072.11
Net Profit / (Loss)	-40.74	-139.93	-76.92
Basic EPS (Rs.)	-0.38	-1.32	-0.72

Regulatory Disclosures

The statutory auditors, M/s. Jain Chowdhary & Co., Chartered Accountants, issued an unmodified opinion on the audited financial results. The company confirmed it does not have any subsidiaries, associates, or joint ventures as of March 31, 2026. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audited financial results were published in "The Indian Express" and "The Financial Express" on May 27, 2026, pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015.

Historical Stock Returns for Globale Tessile

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.12%	-6.18%	-9.43%	+2.83%	-21.62%	-83.68%

What strategic initiatives will Globale Tessile implement to reverse the sharp revenue decline?

How does the company plan to manage its expenditure to prevent further widening of net losses?

Are there any anticipated changes in market conditions or demand that could impact future performance?

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Globale Tessile re-appoints internal and tax auditors for FY27

1 min read Updated on 27 May 2026, 05:35 PM

Reviewed by

Naman SScanX News Team

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Globale Tessile Limited has re-appointed M/s. D. Trivedi & Associates as Internal Auditor and M/s. Bhanwar Jain & Co. as Tax Auditor for the financial year 2026-27. The Board of Directors approved these appointments on May 26, 2026, ensuring compliance with the Companies Act, 2013, and the Income Tax Act, 1961.

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Globale Tessile Limited has re-appointed its internal and tax auditors for the financial year 2026-27. The Board of Directors approved the appointments during its meeting held on May 26, 2026. The decisions ensure continued compliance with statutory audit requirements for the upcoming fiscal year.

M/s. D. Trivedi & Associates has been re-appointed as the Internal Auditor. The firm, registered with the Institute of Chartered Accountants of India (ICAI) under registration number 0128309W, brings over 30 years of experience in taxation, accounts, and audit. This re-appointment is pursuant to Section 138 of the Companies Act, 2013.

The Board also re-appointed M/s. Bhanwar Jain & Co. as the Tax Auditor for the financial year 2026-27, covering the Assessment Year. The firm, holding ICAI registration number 117340W, has been in practice since 1998 and specializes in taxation, audit, and finance services. This appointment follows Section 44AB of the Income Tax Act, 1961.

Both appointments are effective on mutually agreed remuneration and terms & conditions between the Board and the respective firms. The disclosures were made to the stock exchanges pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.