Globesecure Technologies FY26 revenue rises, approves property sale
Globesecure Technologies reported FY26 revenue of ₹2070.04 lakh and a narrowed net loss of ₹27.77 lakh. The Board approved an MoU to sell a Taloja property to Ilios Digital Private Limited for ₹12 crore. The company resolved an NCLT insolvency petition and disclosed ongoing tax demands.
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Globesecure Technologies reported revenue from operations of ₹2070.04 lakh for the year ended March 31, 2026, an increase from ₹1690.85 lakh in the prior year. The company recorded a loss for the period of ₹27.77 lakh for FY26, narrowing from a loss of ₹287.06 lakh in FY25. For the half year ended March 31, 2026, the company turned profitable with a profit of ₹61.51 lakh compared to a loss of ₹89.28 lakh in the corresponding period of the previous year.
The Board of Directors approved the audited financial results for the half year and year ended March 31, 2026. The statutory auditors, M/s. Kumbhat & Co. LLP, issued an unmodified opinion on the results. The Board also noted that the appointment of internal auditors would be considered at the next meeting.
In a strategic move, the Board approved the execution of a Memorandum of Understanding (MoU) with Ilios Digital Private Limited for the proposed sale of the company's property. The property, located at 403 – 406, Platinum Springs, MIDC Road, Taloja, Maharashtra, has a net book value of ₹308.02 lakhs. The agreed consideration for the sale is ₹12 crore. The Board authorized the Managing Director to negotiate and finalize the necessary documents to complete the transaction.
The filing disclosed that an operational creditor had filed an application with the National Company Law Tribunal (NCLT) Mumbai for insolvency proceedings against the company regarding outstanding dues of ₹132.78 lakhs as on March 31, 2025. The company stated that it made the payment during the period, and the proceeding has been dropped.
Additionally, the company reported receiving a demand of ₹979.91 lakhs from GST authorities and ₹1139.39 lakhs from the Commissioner of Income Tax (CIT), excluding interest and penalty. The company stated it is in the process of filing appeals and is hopeful that no cash outflow will occur on these matters.
Financial Results for the Year Ended March 31, 2026
| Particulars | Year Ended March 31, 2026 (Audited) | Year Ended March 31, 2025 (Audited) |
|---|---|---|
| Revenue from Operations | ₹2070.04 lakh | ₹1690.85 lakh |
| Total Revenue | ₹2077.99 lakh | ₹1692.12 lakh |
| Total Expenses | ₹2108.06 lakh | ₹1988.59 lakh |
| Profit for the period | (₹27.77 lakh) | (₹287.06 lakh) |
| Earnings per share (Basic and Diluted) | (₹0.17) | (₹2.16) |
Property Sale Details
| Particulars | Details |
|---|---|
| Buyer | Ilios Digital Private Limited |
| Property Location | 403 – 406, Platinum Springs, MIDC Road, Taloja, Maharashtra – 410208 |
| Sale Consideration | ₹12 crore |
| Net Book Value | ₹308.02 lakhs |
Historical Stock Returns for Globesecure Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.88% | +10.90% | -23.06% | +108.50% | +59.77% | -43.80% |
How does Globesecure Technologies plan to utilize the significant surplus capital from the ₹12 crore property sale?
Will the resolution of the NCLT insolvency threat and the property sale improve the company's creditworthiness with lenders?
What are the potential tax liabilities, including interest and penalties, if the appeals against the GST and Income Tax demands are unsuccessful?
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