Globtier Infotech has fully utilized the ₹2744.06 lakh proceeds raised through its Initial Public Offer (IPO) for the financial year ended March 31, 2026. The funds were entirely deployed across working capital requirements, loan repayment, general corporate purposes, and IPO issue expenses, leaving no unutilized amount as of the reporting date.

The company raised the capital through a fresh public issue of 38,11,200 equity shares with a face value of ₹10 each at an offer price of ₹72 per share. The IPO opened for subscription on August 25, 2025, and closed on August 28, 2025. Subsequently, the equity shares were listed on the SME Platform of BSE Limited on September 2, 2025.

Sri Prakash & Co., Chartered Accountants, issued the statutory auditor's certificate confirming the utilization of funds in accordance with Regulation 262(5) and (6) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The auditor reviewed the relevant documents, statements, records, and accounts to certify the expenditure incurred.

The certificate confirmed that the details regarding the utilization of funds mentioned in the accompanying statement are true and correct based on the examination and information provided. The management is responsible for the preparation of the statement and ensuring compliance with the SEBI regulations.

Utilization of IPO Proceeds

The following table details the deployment of the issue proceeds as at March 31, 2026:

Globtier Infotech Limited has informed BSE Limited of the resignation of Mr. Sandeep Gupta from the position of Chief Financial Officer (CFO), a Key Managerial Personnel of the company. The disclosure was made pursuant to Regulation 30 read with Para A, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Key Details of the Resignation

Mr. Gupta formally tendered his resignation via email on April 16, 2026, expressing his intent to pursue opportunities outside Globtier Infotech Limited. The company had initially intimated the stock exchange of his resignation on April 16, 2026, and he continued to discharge his responsibilities through the transition period. He was officially relieved from his position at the close of business hours on May 13, 2026.

The following table summarises the key disclosures made under Regulation 30 of SEBI (LODR) Regulations, 2015:

Communication from the CFO

In his resignation letter addressed to Chairman & Managing Director Rajiv Shukla, Mr. Gupta noted that his tenure at Globtier Infotech had been enriching and rewarding. He expressed gratitude for the guidance, support, and opportunities extended to him during his association with the organisation, and confirmed his commitment to ensuring a smooth transition of duties until his last working day.

Mr. Shukla acknowledged and accepted the resignation on April 16, 2026. The disclosure to BSE Limited was filed from Noida and signed by Rajiv Shukla in his capacity as Chairman & Managing Director (DIN: 02653008) of Globtier Infotech Limited, formerly known as Globtier Infotech Private Limited.