Globtier infotech Limited has submitted a regulatory clarification to BSE Limited addressing recent share price movements. The response, dated March 31, 2026, came following BSE's inquiry regarding price volatility in the company's stock.

Regulatory Compliance Statement

The company emphasized its consistent adherence to regulatory requirements in its submission to BSE. Globtier Infotech stated that it has been complying with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and continues to make timely disclosures of all material events and information affecting its operations and performance.

Price Movement Explanation

The company categorically stated that the recent share price movement is purely market-driven and attributed to prevailing market conditions. Management confirmed that no material or price-sensitive information has been withheld that could have any bearing on the stock's price movement.

Management Response

Managing Director Rajiv Shukla, who also serves as Chairman, signed the clarification from the company's Noida office. The response reaffirmed the company's commitment to maintaining transparency and continuing compliance with all applicable regulations regarding disclosure requirements.

Corporate Background

The submission noted that Globtier Infotech Limited was formerly known as Globtier Infotech Private Limited, indicating the company's transition from private to public status. The clarification serves as part of the company's ongoing regulatory compliance obligations as a listed entity on BSE.

Globtier infotech Limited has submitted a NIL deviation statement to BSE Limited, confirming that there has been no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO) for the half year ended September 30, 2025. The statement was filed under Regulation 32 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

IPO Fund Raising Details

The company successfully raised Rs. 27.44 crores through fresh issue proceeds on September 02, 2025. The funds were raised as per the objects stated in the Prospectus dated August 18, 2025, with no monitoring agency appointed for the fund utilization.

Fund Utilization Breakdown

The company has utilized the IPO proceeds across four main categories as originally planned. The Audit Committee reviewed and noted that there is no deviation, and the unutilized proceeds of IPO are parked in fixed deposits with HDFC Bank.

Regulatory Compliance

The NIL deviation statement was duly reviewed by the Audit Committee of the Company and submitted as Annexure A to BSE Limited. The statement confirms compliance with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, regarding the format for statement of deviation or variation for proceeds of public issues.

Key Highlights

• Complete loan repayment of 830.00 lakh as planned
• Significant progress in working capital funding with 905.00 lakh utilized out of 1,150.00 lakh allocated
• Partial utilization of IPO issue expenses at 208.00 lakh out of 355.00 lakh budgeted
• Unutilized funds securely parked in fixed deposits with HDFC Bank
• No deviation from original prospectus objects

The statement was signed by Rajiv Shukla, Chairman & Managing Director (DIN: 02653008), confirming the company's adherence to its stated fund utilization plan and regulatory compliance requirements.