Globtier Infotech appointed Ms. Manvi Gulati as Chief Financial Officer and Key Managerial Personnel effective August 26, 2026. The Board of Directors approved the appointment following recommendations from the Nomination and Remuneration Committee and the Audit Committee.

The decision was formalized during a Board meeting held on August 26, 2026, which commenced at 1:00 pm and concluded at 1:51 pm. The appointment aligns with Section 203 of the Companies Act, 2013.

Appointment Details

Ms. Gulati brings over eight years of experience in consulting and industry roles. Her expertise spans global tax compliance, indirect taxation, and tax technology transformation across India, the US, and Canada.

She has managed multi-jurisdictional compliance frameworks and embedded tax processes within ERP platforms including Oracle, OneSource, ClearTax, and Salesforce. Her background includes governance, SOX alignment, audit readiness, and system transitions.

Regulatory Compliance

The company disclosed the appointment pursuant to Regulation 30 read with Schedule III Para A of Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure also complies with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Shvani Gupta, Chief Compliance Officer and Company Secretary, issued the intimation to the BSE Limited Corporate Governance Department.

Globtier Infotech received a certificate from its statutory auditor, Sri Prakash & Co., Chartered Accountants, confirming the utilization of Initial Public Offer (IPO) proceeds for the half year ended September 30, 2025. The certification, submitted to BSE Limited on May 29, 2026, confirms compliance with Regulation 262(5) and (6) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company raised ₹2744.06 lakh through a fresh issue of 38,11,200 equity shares at ₹72 per share, listing on the SME Platform of BSE Limited on September 2, 2025.

The auditor's review of relevant documents and accounts verified that ₹1943 lakh had been utilized by September 30, 2025. The deployment included ₹905 lakh for working capital requirements, ₹830 lakh for loan repayment, and ₹208 lakh for IPO issue expenses. No funds were allocated to general corporate purposes during this period, leaving the entire allocated amount of ₹409.06 lakh unutilized. The total unutilized balance as of September 30, 2025, stood at ₹801.06 lakh.

Utilization of IPO Proceeds

The following table details the deployment of the issue proceeds as at September 30, 2025:

Sri Prakash & Co. issued the opinion that the details regarding fund utilization are true and correct based on their examination. The certificate was submitted to the exchange after the prescribed due date due to an unforeseen issue, which the company stated has since been resolved.