Globale Tessile Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting

Globale Tessile has announced a board meeting on which it approved the audited financial results for the quarter and half-year. Revenue dropped to ₹37.05 Cr from ₹54.27 Cr last year, hit by supply chain issues after a fire at their contract manufacturer’s site. The company posted an operating loss of ₹0.10 Cr and a net loss of ₹0.07 Cr, compared to a profit previously. Notably, cash flow from operations improved to ₹70.84 lakh. Auditors gave a clean opinion, signaling solid financial reporting despite the tough operating environment.