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 announced the appointment of Ms. Shivani Gupta as Company Secretary and Compliance Officer, effective January 8, 2026. The appointment was approved during a Board of Directors meeting held on the same date, following the recent resignation and relief of Ms. Vani Aggarwal from the position.

Board Meeting and Regulatory Compliance

The Board of Directors convened on January 8, 2026, and approved the appointment based on recommendations from the Nomination and Remuneration Committee. The appointment was made pursuant to Section 203 of the Companies Act, 2013 and Regulation 6(1) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

New Company Secretary Profile

Ms. Shivani Gupta brings relevant qualifications and experience to her new role as Company Secretary and Compliance Officer. She holds membership number ACS 77513 with the Institute of Company Secretaries of India and possesses comprehensive experience in corporate governance functions.

Regulatory Disclosure and Documentation

The company has filed the necessary regulatory disclosures with BSE Limited's Corporate Governance Department, ensuring full compliance with SEBI regulations. The disclosure was made pursuant to Regulation 30 read with Schedule III Para A of Part A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

This leadership transition ensures continuity in Globtier Infotech Limited's statutory compliance functions while bringing fresh expertise to the Company Secretary role in the IT software sector. The appointment strengthens the company's corporate governance framework and compliance capabilities.