Globale Tessile Limited has informed the Exchange regarding Resignation of Mrs Palak Bhavsar as Company Secretary of the company w.e.f. Jun 15, 2026.
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Mrs. Palak Bhavsar has resigned from her position as Company Secretary of Globale Tessile Limited, with the resignation taking effect from June 15, 2026. The Company Secretary is a Key Managerial Personnel (KMP) under the Companies Act and plays a role in ensuring regulatory compliance and board governance. No reason for the resignation or details on a replacement have been disclosed in this filing. The company will need to appoint a new Company Secretary within the timelines prescribed under law.
The exit of a KMP is a routine corporate disclosure but investors should watch for a timely replacement, as a prolonged vacancy could raise minor governance concerns. No direct impact on the stock price is expected from this announcement alone.