Globale Tessile Limited has announced the resignation of its Chief Financial Officer Mr Sumit Agarwal, effective April 7, 2026. The textile company informed stock exchanges on March 31, 2026, about this key managerial personnel change through a formal regulatory filing.

Resignation Details

Mr Sumit Agarwal tendered his resignation on March 31, 2026, from his position as Chief Financial Officer and Key Managerial Person of the company. The resignation becomes effective from April 7, 2026, after business hours. According to the company's disclosure, Agarwal cited better opportunity and career advancement as the primary reason for his departure.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal intimation was sent to both BSE Limited and National Stock Exchange of India Limited, providing comprehensive details about the resignation.

The regulatory filing included detailed annexures containing the required information format as mandated by SEBI regulations. The company provided Mr Agarwal's resignation letter as supporting documentation, demonstrating transparency in the disclosure process.

Management Transition

In his resignation letter, Mr Agarwal expressed gratitude for the opportunities to learn and grow during his tenure with Globale Tessile Limited. He acknowledged that working with the company had enriched his professional experience and emphasized the value of relationships and skills built during his service period.

The outgoing CFO assured continued assistance during the transition period, stating his availability to help with work-related matters after his departure. He extended thanks to the Board of Directors and colleagues for their support during his tenure.

Company Information

Globale Tessile Limited, incorporated with CIN L17299GJ2017PLC098506, operates from its registered office at Mahalaxmi House, YSL Avenue, Ahmedabad. The company's shares are listed on stock exchanges under the symbol GLOBALE with script code 544234. The resignation announcement was signed by Chairman Jeetmal B. Parekh, who holds DIN 00512415.

Global Tessile Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025. The textile company reported mixed performance with reduced losses but significantly lower revenue compared to the previous year.

Financial Performance Overview

The company's financial metrics for Q3FY26 showed both improvements and challenges:

Nine-Month Performance

For the nine months ended December 31, 2025, Global Tessile Limited recorded:

• Total income from operations of ₹676.83 lacs
• Net loss before tax of ₹126.65 lacs
• Net loss after tax of ₹99.19 lacs
• Total comprehensive income loss of ₹99.47 lacs

Key Financial Indicators

The company maintained its equity share capital at ₹1062.03 lacs with a face value of ₹10 per share. Earnings per share (EPS) showed improvement with basic and diluted EPS of -₹0.35 for Q3FY26 compared to -₹0.48 in Q3FY25.

Corporate Governance and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on February 11, 2026. The limited review was conducted by M/s. Jain Chowdry & Co., Chartered Accountants, the company's statutory auditor.

The results have been published in "The Indian Express" English language newspaper and "The Financial Express" Gujarati language newspaper on February 12, 2026, in compliance with Regulation 47 of the SEBI (LODR) Regulations, 2015.

Business Structure

As per SEBI regulations, the company has identified only one reportable segment, eliminating the need for separate segment reporting. The company confirmed it does not have any subsidiary, associate, or joint venture companies as of December 31, 2025.

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