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

Globe Multi Ventures Limited has announced a board meeting outcome approving the audited financial results, statement of assets and liabilities, and cash flow statement for the quarter and year ended March 31, 2025. The independent auditor, SMV & Co., issued an unmodified opinion indicating a clean audit without qualifications. The audit highlighted key focus on revenue recognition controls and confirmed adequate internal financial controls with effective operation. No material fraud or litigation affecting financials was reported. The company did not declare dividends during the year but proposed a final dividend subject to shareholder approval. Statutory dues are mostly cleared, except pending income tax disputes.