Globe Textiles (India) Limited has informed the Exchange regarding Cessation of M/s. Shefali R Sheth & Co, Chartered Accountants as an Internal auditor of the company as resignation letter dated July 08, 2025.
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Globe Textiles (India) Limited informed the NSE that its internal auditor, M/s. Shefali R Sheth & Co, Chartered Accountants (Membership No. 156360), has resigned from the role. The resignation is effective July 1, 2025, with the formal letter dated July 8, 2025. The reason cited is preoccupation with other assignments, along with some personal reasons. The outgoing auditor has confirmed there are no material reasons behind the resignation other than those stated. The disclosure was made by Managing Director Bhavik Suryakant Parikh under Regulation 30 of SEBI LODR, 2015.
This is an internal auditor change, not a statutory auditor change, and the reason given is routine (preoccupation with other work). For shareholders, this is a low-impact, procedural disclosure. Investors may want to watch for the appointment of a new internal auditor in a subsequent filing to ensure continuity of internal financial controls.