Globale Tessile Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 23, 2025
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Globale Tessile Limited held its 8th Annual General Meeting on August 23, 2025, at 11:30 AM via video conferencing, and all 5 resolutions were passed with the required majority. Out of 62,102 shareholders on record, voting participation was 68.40% with 7,264,192 shares voted (6,986,495 in favour and 277,697 against, meaning 96.17% approval overall). The resolutions included adopting the audited financial statements for FY ending March 31, 2025, re-appointing Rahul J. Parekh as Director (retire by rotation), appointing statutory auditors, re-appointing the secretarial auditor, and a special resolution to continue Mr. Jeetmal B. Parekh as Managing Director past the age of 75. Promoter group voted unanimously in favour (6,880,191 shares), while public non-institutional holders voted 72.32% in favour and 27.68% against.
All agenda items cleared smoothly with overwhelming promoter support and overall 96% approval, confirming stable governance and continuity in leadership for shareholders. The ~28% dissent from public retail investors on resolutions like auditor appointments is a minor watchpoint but unlikely to move the stock meaningfully.