Globale Tessile Limited Reports Reduced Losses in Q2 FY2026

Globale Tessile , a textile company, has released its unaudited financial results for the second quarter and half year ended September 30, 2025, showing a reduction in losses compared to the previous year.

Financial Performance

The company reported a loss before tax of ₹76.93 lakhs for the half year ended September 30, 2025, a significant improvement from the loss of ₹106.44 lakhs in the corresponding period of the previous year. This represents a reduction in losses by approximately 27.7%.

Here's a breakdown of the key financial metrics:

Particulars (₹ in Lakhs)	Half Year Ended 30/09/2025	Half Year Ended 30/09/2024	Year Ended 31/03/2025
Revenue from Operations	379.13	3,647.01	4,907.72
Other Income	25.88	28.38	51.94
Total Revenue	405.00	3,669.89	4,959.66
Total Expenditure	481.93	3,578.02	5,067.11
Profit/(Loss) Before Tax	(76.93)	91.47	(106.44)
Profit/(Loss) After Tax	(61.98)	68.45	(76.92)

Balance Sheet Highlights

As of September 30, 2025, Globale Tessile's financial position showed some changes:

Total assets increased to ₹2,581.52 lakhs from ₹2,353.49 lakhs as of March 31, 2025.
Current liabilities rose to ₹1,541.83 lakhs from ₹1,250.40 lakhs.
The company's equity (including share capital and other equity) stood at ₹1,036.57 lakhs, down from ₹1,100.44 lakhs at the end of the previous financial year.

Operational Overview

The company's revenue from operations for the half year ended September 30, 2025, was ₹379.13 lakhs, showing a significant decrease compared to ₹3,647.01 lakhs in the same period last year. This substantial reduction in revenue might be a point of concern for investors and analysts.

Segment Reporting

Globale Tessile has identified only one reportable business segment, as per the requirements of Accounting Standard (AS) 108 - Operating Segments.

Auditor's Review

M/s. Jain Chowdhary & Co., Chartered Accountants, the statutory auditors of the company, reviewed the financial results. The auditors conducted their review in accordance with the Standard on Review Engagements (SRE) 2410 and found no material misstatements in the financial results.

Management Statement

The company's management has prepared these financial results in accordance with the Indian Accounting Standards (IND AS) and the requirements set by the Securities and Exchange Board of India (SEBI).

While the reduction in losses is a positive sign, the significant decrease in revenue might raise questions about the company's operational performance and market conditions in the textile industry.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.51%	+8.76%	-11.25%	-23.78%	-63.01%	-84.13%

Globale Tessile Limited has announced two key appointments to its leadership team, bolstering its financial and compliance capabilities.

New Chief Financial Officer

The company has appointed Shri Sumit Agarwal as its new Chief Financial Officer (CFO) and Key Managerial Personnel, effective September 25, 2025. Agarwal brings over eight years of experience in finance, accounts, and corporate strategy to the role.

Agarwal's credentials include:

Inter Chartered Accountant qualification
Bachelor of Commerce degree from New LJ Commerce College, Ahmedabad
Expertise in financial procedures, modern accounting systems, and budgeting
Successful implementation of cost-reduction strategies
Experience in internal audits and compliance with regulatory requirements

New Company Secretary and Compliance Officer

In a concurrent move, CS Palak Bhavsar has been appointed as the Company Secretary and Compliance Officer, also effective from September 25, 2025.

Bhavsar's qualifications and expertise include:

Company Secretary (CS) certification
LLB Degree
Bachelor of Commerce (B.Com)
Specialization in corporate governance, legal due diligence, and compliance advisement

Board Approval and Immediate Effect

Both appointments were approved by Globale Tessile's Board of Directors during a meeting held on September 25, 2025, at the company's registered office. The board meeting commenced at 3:00 PM and concluded at 3:25 PM.

Independence and Compliance

The company has confirmed that neither Agarwal nor Bhavsar is related to any existing Directors or Key Managerial Personnel of Globale Tessile Limited. This information aligns with the disclosure requirements under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

These strategic appointments are expected to strengthen Globale Tessile's financial management and corporate governance practices, potentially positioning the company for enhanced operational efficiency and regulatory compliance.