Globale Tessile Limited has informed the Exchange about General Updates
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Globale Tessile Limited's Board of Directors, in a meeting held on May 26, 2026, approved the re-appointment of two auditing firms for Financial Year 2026-27. M/s. D. Trivedi & Associates (Registration No.: 0128309W) was re-appointed as Internal Auditor under Section 138 of the Companies Act, 2013. M/s. Bhanwar Jain & Co. (Registration No.: 117340W) was re-appointed as Tax Auditor under Section 44AB of the Income Tax Act, 1961. Both firms are practicing chartered accountant firms, with D. Trivedi & Associates having over 30 years of experience and Bhanwar Jain & Co. in practice since 1998. Remuneration terms will be mutually agreed between the Board and the respective firms.
This is a routine annual re-appointment of auditors and does not indicate any governance concerns or financial distress. No material impact on stock price expected.