Globale Tessile Limited has informed the Exchange regarding Cessation 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 CA Rakshit Kumar has resigned from the post of Chief Financial Officer (CFO) and Key Managerial Personnel of the company, effective from the close of business hours on July 1, 2025. His resignation letter, dated June 7, 2025, cites 'better opportunity and career advancement' as the reason for stepping down. The resignation has been accepted by Chairman Jeetmal Bhoorchand Parekh. The disclosure was filed under SEBI Listing Regulations, and the company has not yet announced a replacement for the CFO role.
The departure of the CFO creates a temporary leadership gap in the finance function, which may concern investors until a successor is appointed. The stated reason is routine and does not indicate any governance issues, so the impact on the stock is likely to be neutral to mildly negative in the short term.