Meeting Details

The 9th Annual General Meeting of Globale Tessile Limited was held through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) on Wednesday, September 30, 2026, at 11:30 A.M. IST.

Proposed Resolutions and Implications

Three ordinary resolutions were proposed for shareholder approval:

1. To receive, consider, and adopt the Audited Financial Statement of the Company for the financial year ended March 31, 2026, and the Reports of the Board and Auditors thereon.

2. To appoint a director in place of Shri Anand J. Parekh (DIN: 00500384), who retired by rotation and offered himself for re-appointment.

3. To appoint M/s. Rohit Periwal & Associates, Company Secretaries (ICSI Unique Code: S2019GJ677700) as Secretarial Auditors of the company.

Voting Process and Methods

The voting process included:

  • Remote e-voting period: Commenced at 09:00 A.M. IST on Sunday, September 27, 2026, and ended at 05:00 P.M. IST on Tuesday, September 29, 2026.
  • E-voting facility at AGM: Provided to shareholders present through VC/OAVM who had not cast their vote earlier.
  • Cut-off date for shareholder eligibility: Wednesday, September 23, 2026.
  • E-voting platform: MUFG Intime India Private Limited (https://instavote.linkintime.co.in).
  • Newspaper advertisement: Published on September 8, 2026, in The Indian Express (English) and The Financial Express (Gujarati).

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Type: Ordinary Resolution
  • Total members voted: 65
  • Total shares voted: 6,851,559
  • Percentage of total paid-up share capital: 64.51%
  • Votes in favor: 64 members, 6,851,549 shares (100.00% of votes cast)
  • Votes against: 1 member, 10 shares (0.00% of votes cast)
  • Invalid votes: 0
  • Result: Passed with requisite majority

Resolution 2: Re-appointment of Director

  • Type: Ordinary Resolution
  • Total members voted: 65
  • Total shares voted: 6,851,559
  • Percentage of total paid-up share capital: 64.51%
  • Votes in favor: 64 members, 6,851,549 shares (100.00% of votes cast)
  • Votes against: 1 member, 10 shares (0.00% of votes cast)
  • Invalid votes: 0
  • Result: Passed with requisite majority

Resolution 3: Appointment of Secretarial Auditor

  • Type: Ordinary Resolution
  • Total members voted: 65
  • Total shares voted: 6,851,559
  • Percentage of total paid-up share capital: 64.51%
  • Votes in favor: 64 members, 6,851,549 shares (100.00% of votes cast)
  • Votes against: 1 member, 10 shares (0.00% of votes cast)
  • Invalid votes: 0
  • Result: Passed with requisite majority

Scrutinizer's Role and Findings

Rohit Sunil Periwal, Proprietor of M/s. Rohit Periwal and Associates, Practicing Company Secretary, was appointed as Scrutinizer. His responsibilities included:

  • Scrutinizing the remote e-voting process and e-voting at the AGM
  • Unblocking and downloading results from the e-voting platform
  • Reconciling data with records maintained by NSDL and CDSL
  • Maintaining detailed registers of voting results
  • Confirming compliance with Companies Act, 2013 and SEBI LODR regulations

The scrutinizer confirmed that all resolutions were passed with requisite majority and that the voting process complied with applicable laws and regulations.

Compliance Confirmation

The document confirms compliance with:

  • Section 108 & 109 of the Companies Act, 2013
  • Rules 20 & 21 of the Companies (Management and Administration) Rules, 2014
  • MCA General Circulars Nos. 14/2020, 17/2020, 20/2020, 02/2021, 19/2021, 21/2021, 02/2022, 10/2022, 09/2023, 09/2024
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015