globale tessile has announced that M/s. Malay Desai & Associates has resigned as its secretarial auditor with immediate effect. The resignation, dated July 27, 2026, was submitted by Malay Desai, Proprietor of the firm, citing pre-occupation with other assignments. This development requires the company to appoint a new secretarial auditor to ensure continued compliance with corporate governance norms.

The intimation was issued pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references Part A of Schedule III to the said regulations, along with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, and SEBI Circular no. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023. These regulatory frameworks mandate timely disclosure of changes in statutory auditors to stock exchanges.

Details of Resignation

M/s. Malay Desai & Associates, based in Ahmedabad, served as the secretarial auditor for Globale Tessile Limited. The firm has conveyed no objection to the appointment of a replacement auditor. The cessation of services is effective from July 27, 2026.

Kinnari Gosaliya, Company Secretary of Globale Tessile Limited (ICSI Membership No.: A79793), signed the intimation letter addressed to the Bombay Stock Exchange and the National Stock Exchange of India Limited. The letter confirms that M/s. Malay Desai & Associates is no longer associated with the company in the capacity of secretarial auditor.

Regulatory Compliance

The company is required to file further disclosures regarding the appointment of a new secretarial auditor within the timelines prescribed by SEBI regulations. Shareholders and stakeholders are advised to monitor subsequent filings for updates on the new audit appointment. The resignation does not indicate any disagreement with the company’s financial statements or governance practices, as the cited reason is professional workload management.

Globale Tessile Ltd has appointed CS Kinnari Gosaliya as its Company Secretary and Compliance Officer, effective June 30, 2026. The Board of Directors approved the appointment during a meeting held at the company's Registered Office on Tuesday, June 30, 2026. This strategic move strengthens the company's corporate governance framework, ensuring adherence to statutory requirements and regulatory compliance.

The appointment was made pursuant to Section 203 of the Companies Act, 2013 and Regulation 6(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. CS Kinnari Gosaliya has been designated as a Key Managerial Person (KMP) within the organization. The remuneration and other terms of her employment have been detailed in her official Appointment Letter.

CS Kinnari Gosaliya is a qualified Company Secretary holding ICSI Membership No. A79793. She brings a strong background in legal and corporate governance, possessing a Bachelor's in Business Law and a Degree in Commerce (B. Com). She is currently pursuing a Bachelor of Legislative Law (LLB). Her professional experience includes assisting in conducting Secretarial Audits and providing strategic compliance advisement.

The following table outlines the key details of the appointment:

The company has submitted the necessary disclosures to BSE Limited and the National Stock Exchange of India Limited. The information was communicated by Jeetmal B. Parekh, Chairman of Globale Tessile Ltd.