Based on the recommendation of the Audit Committee, the Board of Directors of the Company has recommended to the shareholders, the re- appointment of M/s. Bansi Lal Shah & Co., Chartered ....
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Globalspace Technologies reported its Q1 FY26 (quarter ended June 30, 2025) unaudited results. Standalone revenue from operations fell to Rs 475.87 lakhs from Rs 692.75 lakhs in the same quarter last year, while net profit came in at Rs 12.07 lakhs versus a loss of Rs 262.71 lakhs (which included an exceptional loss of Rs 275.65 lakhs last year from the sale of the Kolkata office). Consolidated revenue was Rs 877.86 lakhs with a net profit of Rs 15.96 lakhs. The Board recommended the re-appointment of Bansi Lal Shah & Co. as statutory auditor for a second 2-year term (FY 2025-26 to FY 2027-28) and AJP & Associates as secretarial auditor for 5 years. Mr. Pulkit Chowdhary was appointed as an Additional Independent Director for 3 years. The 15th AGM is scheduled for September 29, 2025.
Routine governance update with a return to profitability on a standalone basis, though revenue is down sharply year-on-year. The auditor's note flags an unupdated inventory register, which is a minor governance concern but not material. Shareholders should note the September 29 AGM for voting on auditor re-appointment and the new independent director.