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.

Globtier Infotech Limited has entered into a strategic partnership with Litmus7 to enhance its global enterprise support services capabilities. The collaboration announced on December 26, 2025, focuses on supporting global client projects across helpdesk operations and SAP technology initiatives.

Partnership Scope and Objectives

The strategic engagement encompasses several key areas designed to strengthen Globtier's market position in enterprise technology support:

Service Delivery Capabilities

The partnership introduces an operating model specifically designed to address complex enterprise requirements across multiple jurisdictions. Key service capabilities include:

• Multi-country delivery operations to serve global client bases
• Multilingual helpdesk support for diverse customer environments
• Sustained enterprise support services with consistent delivery standards
• Structured service execution capabilities for complex SAP implementations

Management Commentary

Mr. Rajiv Shukla, Chairman Managing Director of Globtier Infotech Limited, emphasized the strategic alignment of this partnership with the company's core focus areas. He highlighted that the collaboration enables deployment of scalable delivery teams and structured service delivery capabilities to support Litmus7's global client projects across multiple geographies.

The partnership strengthens Globtier's participation in enterprise technology support programs while ensuring consistent service delivery for global customers across helpdesk operations, IT Service Management, and SAP functional and technical services through managed support models.

Company Profile

Globtier Infotech Limited operates as a leading provider of IT solutions, specializing in application development and customized software services across diverse industry sectors. As a managed IT services organization, the company delivers comprehensive support encompassing infrastructure management, application maintenance, and end-to-end technology services for enterprises of all sizes.

The company's service model emphasizes proactive engagement, close alignment with client objectives, and strong cybersecurity and governance practices across all engagements, enabling clients to adapt to technological change, streamline operations, and achieve measurable growth.