The Board has approved the Appointment of Mr. Sunil Rai, as Additional Non-Executive Independent Director of the Company w.e.f. August 11, 2025, at its meeting held today i.e. on August 11, 2025
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The board of Globus Power Generation Ltd approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), along with the appointment and re-appointment of three independent directors. Mr. Sunil Rai has been appointed as an Additional Non-Executive Independent Director for 5 years effective August 11, 2025. Mr. Thamattoor Prabhakaran Nair and Mrs. Chhavi Prabhakar have been re-appointed as Independent Directors, each for a fresh 5-year term, subject to shareholder approval. The board also approved the Director's Report, Corporate Governance Report, MD&A, and the 40th AGM notice. Q1 FY26 showed zero revenue from operations with a profit after tax of Rs. 6.98 lakhs, largely driven by Rs. 9.50 lakhs in exceptional items, compared to a loss of Rs. 16.39 lakhs in Q1 FY25.
Routine governance update with no major operational impact. The company continues to show negligible operating revenue, and the reported profit is supported by exceptional items rather than core business activity. Director changes are standard compliance matters pending shareholder approval at the upcoming AGM.