Globale Tessile Limited has scheduled its ninth Annual General Meeting (AGM) for Wednesday, September 23, 2026. The meeting will commence at 11:30 am and will be conducted through Two-Way Video Conferencing.

The company released its annual report for FY26 alongside the notice. Globale Tessile reported a net loss of ₹139.93 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹76.92 lakh in the previous year. Total income declined sharply to ₹1,515.52 lakh from ₹4,965.66 lakh in FY25.

Financial Performance

The decline in performance was attributed to increased costs of raw materials, power, fuel, and logistics, as well as economic recession affecting demand. A major fire at the premises of Mahalaxmi Fabric Mills Limited (MFML), a third-party vendor responsible for manufacturing and processing job work services, caused extensive damage and temporary disruption to operations.

Key Financial Metrics

Revenue from operations stood at ₹1,444.24 lakh, down from ₹4,907.72 lakh in the prior year. Other income was ₹71.29 lakh, up from ₹57.94 lakh. The company did not recommend any dividend for FY26.

Corporate Governance Changes

Shri Anand Jeetmal Parekh retires by rotation at the upcoming AGM and offers himself for re-appointment. The Board also proposes the appointment of M/s. Rohit Periwal & Associates as Secretarial Auditors for a term of three years, from FY27 to FY29.

Key Managerial Personnel changes included the appointment of Shri Jitendra Kumar as Chief Financial Officer effective April 8, 2026, following the resignation of Shri Sumit Agarwal. Smt. Kinnari Gosaliya was appointed as Compliance Officer effective June 30, 2026.

What the Numbers Show

The widening net loss despite a significant drop in total income highlights margin pressure. While revenue fell by approximately 70%, operating expenses remained substantial due to fixed costs and job charges paid to associates, which totaled ₹262.96 lakh in FY26 compared to ₹1,112.19 lakh in FY25. The deferred tax asset increased to ₹63.24 lakh from ₹29.71 lakh, reflecting accumulated losses carried forward.

Meeting Details

Members holding shares in dematerialized mode will receive login details for e-voting on their registered email IDs. Physical shareholders may register an email ID by sending a signed request letter to MUFG Intime India Private Limited. The register of members will remain closed from September 24, 2026, to September 30, 2026.

Globale Tessile reported a net loss of ₹12.23 lakh for the first quarter of FY27 (Q1FY27), marking a substantial improvement over the ₹36.17 lakh loss posted in the same period of FY26. The company’s revenue from operations grew by 7.8% year-on-year to ₹1,121.97 lakh, up from ₹1,041.17 lakh in Q1FY25.

The pre-tax loss stood at ₹16.49 lakh for the quarter, compared to a ₹46.8 lakh loss in the prior year period. There were no exceptional or extraordinary items during the quarter ended June 30, 2026. Earnings per share (EPS) were negative at ₹0.12 for both basic and diluted metrics.

Financial Performance

For the full fiscal year ended March 31, 2026 (FY26), Globale Tessile reported a net loss of ₹139.93 lakh against total income of ₹1,444.24 lakh. The equity share capital remained unchanged at ₹1,062.03 lakh.

What the Numbers Show

The divergence between revenue growth and profit improvement highlights operational efficiency gains. While revenue expanded by less than 8%, the net loss contracted by over 66%, suggesting that cost controls or margin improvements played a larger role in the quarter's performance than top-line growth alone.

Corporate Governance

The Board of Directors approved the unaudited financial results at its meeting held on August 13, 2026. The Audit Committee had previously reviewed the figures. The results were published in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and prepared in accordance with Indian Accounting Standards (IND AS).