Globale Tessile Limited has informed the Exchange regarding Resignation of M/s BHANWAR JAIN & CO. ,Chartered Accountant as Statutory Auditor of the company w.e.f. May 09, 2025.
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Globale Tessile Limited has informed the exchanges that M/s Bhanwar Jain & Co., Chartered Accountants (FRN: 117340W), has resigned as the company's Statutory Auditor effective May 9, 2025. The auditor cited non-renewal of the mandatory Peer Review Certificate from ICAI as the reason, noting that the renewal process is currently underway. The company confirmed there were no disagreements with the auditor on financial reporting or other matters, and the Board of Directors was duly informed. The company will need to appoint a new statutory auditor who holds a valid peer review certificate to complete audits going forward.
This is a procedural change — the auditor stepped down due to a regulatory eligibility issue, not any dispute. However, shareholders should watch for the appointment of a replacement auditor, as a temporary gap could delay audit timelines for FY2025-26.