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.

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.