The Board has approved the re-appointment of Internal Auditor and Tax Auditor for the FY 2026-27.
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Globale Tessile Ltd's Board has approved the re-appointment of two auditors for FY 2026-27 in a board meeting held on May 26, 2026. M/s. D. Trivedi & Associates has been re-appointed as Internal Auditor, while M/s. Bhanwar Jain & Co. has been re-appointed as Tax Auditor. Both are practicing Chartered Accountant firms registered with ICAI. D. Trivedi & Associates brings over 30 years of experience, while Bhanwar Jain & Co. has been in practice since 1998. The appointments are pursuant to Section 138 of the Companies Act, 2013 (for Internal Auditor) and Section 44AB of the Income Tax Act, 1961 (for Tax Auditor). Remuneration terms are to be mutually agreed between the Board and the respective firms.
This is a routine auditor re-appointment and has no immediate impact on stock price or shareholder value. It represents standard compliance with statutory requirements, maintaining continuity in the company's audit functions.