Globale Tessile Limited has announced the resignation of Mrs. Palak Bhavsar from the position of Company Secretary and Compliance Officer. The resignation, effective from the close of business hours on June 15, 2026, was submitted to the Board of Directors on June 01, 2026. Mrs. Bhavsar cited the pursuit of better professional opportunities and career advancement as the reasons for her departure.

The intimation was made to BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company acknowledged her contributions and wished her success in her future endeavours.

Mrs. Bhavsar confirmed she would serve the applicable notice period and complete the necessary handover of responsibilities to ensure a smooth transition of duties. The Board accepted the resignation on June 01, 2026.

Jeetmal Bhoorchand Parekh, Chairman of Globale Tessile Limited, signed the regulatory filing confirming the disclosure.

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

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.