Globe Commercials Ltd — Board Meeting, 29-05-2025: Board Meeting

Globe Multi Ventures Limited has announced a board meeting to approve the financial results for the quarter and year ended March 31, 2025. The board approved the audited financial statements, including the balance sheet, cash flow statement, and auditor’s report. The statutory auditor, SMV & Co., issued an unmodified opinion, confirming there were no audit qualifications. The auditor’s report highlights adequate internal financial controls, proper maintenance of records, no material fraud, and compliance with statutory dues, though certain income tax dues remain unpaid. No dividend was declared during the year, but a final dividend proposal awaits shareholder approval. The company reported no significant litigation or long-term contracts with foreseeable losses.