The Annual Report of the company for the financial Year 2024-25, along with the notice convening the 08th Annual General Meeting scheduled to be held on Saturday, the 23rd day of August, ....
GLOBALE · price
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Globale Tessile Limited has submitted its Annual Report for FY 2024-25 along with the notice for its 8th Annual General Meeting (AGM) scheduled on Saturday, August 23, 2025, at 11:30 AM, to be held via video conferencing. The company, listed on BSE and NSE since August 27, 2024, is seeking shareholder approval for several items. These include adopting audited financial statements, reappointing Director Rahul J. Parekh (who retires by rotation), and appointing a new statutory auditor — M/s. Jain Chowdhary & Co. — for a five-year term (2025-2030). The outgoing auditor, M/s. Bhanwar Jain & Co., resigned on May 9, 2025, citing the firm's inability to obtain a mandatory peer review certificate from ICAI in time. Additionally, the company seeks approval to reappoint M/s. Malay Desai & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) and to continue Mr. Jeetmal B. Parekh as Managing Director despite having crossed the age of 75.
Routine procedural filing with no major business disruption. Shareholders should note the change in statutory auditor (due to a peer review compliance issue, not audit concerns) and the special resolution needed to retain the 75+ year-old Managing Director. The AGM will be virtual, so shareholders must vote remotely between August 20-22, 2025.