Globtier Infotech Ltd

Mr. Sandeep Gupta has resigned from his position as Chief Financial Officer (CFO) of Globtier Infotech Ltd, effective from the close of business hours on May 13, 2026. This follows an earlier intimation on April 16, 2026, regarding his resignation. Mr. Gupta is leaving to pursue opportunities outside the organization and has expressed gratitude for his tenure at Globtier.

Globtier Infotech Ltd has resubmitted its audited standalone and consolidated financial statements for the year ended March 31, 2026, in BSE's machine-readable PDF format, complying with regulatory requirements. The audit, conducted by SRI PRAKASH & CO., provides an opinion that the financial results present a true and fair view of the company's net profit and other financial information for the specified period, in accordance with SEBI regulations.

Globtier Infotech Ltd reported no deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO) for the half year ended March 31, 2026. The IPO proceeds of ₹27.44 Crores were fully utilized as per the original objectives, including working capital, loan repayment, general corporate purposes, and IPO expenses. The Audit Committee reviewed and noted the compliance.

Globtier Infotech Ltd's Board of Directors approved the standalone and consolidated audited financial results for the financial year ended March 31, 2026, during its meeting held on May 11, 2026. The board also took note of the statutory auditor's report and the declaration regarding the unmodified opinion on the financial results. The resignation of Mr. Sandeep Gupta as Chief Financial Officer, previously disclosed on April 16, 2026, was also acknowledged. The audited financial statements and audit report are available on the company's website.

Globtier Infotech Ltd has scheduled a Board of Directors meeting on May 11, 2026, to consider and approve the Standalone and Consolidated Audited Financial Statements for the Financial Year ended March 31, 2026. The trading window for dealing in the company's securities will remain closed for all Designated Persons and will open 48 hours after the declaration of the financial results.

Globtier Infotech Ltd announced the resignation of Mr. Sandeep Gupta from his position as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). Mr. Gupta tendered his resignation via email on April 16, 2026, to pursue opportunities outside the company. He will continue to discharge his duties as CFO until the close of business hours on May 13, 2026, to ensure a smooth transition. The company has made the necessary disclosures in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Globtier Infotech Ltd. has received declarations from its promoters, Rajiv Shukla, Rekha Shukla, and Rahul Shukla, stating that no encumbrance of shares has been created directly or indirectly during the financial year ended March 31, 2026. This declaration is in compliance with the Regulation 31 of SEBI (SAST) Regulation, 2011.

Globtier Infotech Limited has submitted a clarification regarding the recent price movement of its shares. The company emphasizes its compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring timely disclosure of all events and price-sensitive information. Globtier Infotech denies withholding any material or price-sensitive information that could impact its share price. The company attributes the price movement to market conditions.

Globtier Infotech Ltd has announced the closure of the trading window for its Designated Persons, Connected Persons, and their immediate relatives. The closure will be in effect from April 01, 2026, until 48 hours after the audited financial results for the year ending on March 31, 2026, become generally available information. This decision is in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations and the Company's Code of Practices & Procedures for Fair Disclosure of UPSI.

Globtier Infotech Ltd has released a statement pursuant to Regulation 32 of the SEBI Listing Obligations and Disclosure Requirements, confirming no deviation or variation in the utilization of funds raised through the Initial Public Offer (IPO) for the half year ended September 30, 2025. The audit committee of the company has reviewed and noted that the unutilized proceeds of the IPO are parked in FDs with HDFC Bank.