The Re-Appointment of M/s. Maheshwari Maheshwari & Co., Practicing Chartered Accountants (FRN: 105838W) as an Internal Auditor of the Company for the financial year 2026-27.
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Globalspace Technologies held its Board meeting on May 15, 2026, approving multiple key items. The company reported strong financial turnaround with standalone revenue of Rs 3,301.35 lakhs (up 12.6% from FY25) and net profit of Rs 136.49 lakhs, compared to a loss of Rs 183.73 lakhs in the previous year. Consolidated revenue stood at Rs 5,146.92 lakhs with net profit of Rs 285.23 lakhs. The company appointed Ms. Tania Mazumdar as CEO and KMP for 3 years. She brings 22+ years of experience in pharmaceuticals and digital health sectors. Additionally, 4,90,000 stock options were granted under the ESOS 2018 scheme. Debt levels reduced significantly with total borrowings falling from Rs 968.69 lakhs to Rs 329.42 lakhs. Statutory auditors Bansilal Shah & Co. issued an unqualified opinion.
The company has returned to profitability with improved operational efficiency and significantly reduced debt. The appointment of an experienced CEO from the healthcare sector and ESOP grants may signal strategic focus on growth. Strong turnaround from losses to profits is a positive signal for shareholders.