Globale Tessile Limited has informed the Exchange regarding Resignation of Mr Rakshit Kumar as Chief Financial Officer of the company w.e.f. July 01, 2025.
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Globale Tessile Limited has informed the stock exchanges that its Chief Financial Officer, CA Rakshit Kumar, has resigned from the post with effect from 1st July 2025. He formally tendered his resignation letter on 7th June 2025, citing better career opportunities and professional advancement as the reason. The resignation was accepted by Chairman Jeetmal Bhoorchand Parekh on the same day. As CFO, Mr. Kumar is classified as a Key Managerial Person (KMP) under SEBI regulations. The company has disclosed the required details under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements. No successor has been announced in this filing.
CFO exits at smaller companies can create short-term uncertainty around financial reporting continuity, but the stated reason (career advancement) is routine and not a red flag. Shareholders should watch for a timely appointment of a new CFO, as a prolonged vacancy at the KMP level could attract regulatory attention.