To,
The Members,
GLOBTIER INFOTECH LIMITED
(Formerly known as Globtier Infotech Private Limited)
Your Directors are pleased to present the 13th Board Report
of the Company on the business and operations of the Company together with the audited
financial statements for the financial year ended March 31, 2025.
FINANCIAL PERFORMANCE OF THE COMPANY
The financial performance of company details are below:
| Particulars |
Standalone |
Consolidated |
|
For the Year Ended |
For the Year Ended |
|
March 31, 2025 |
March 31, 2024 |
March 31, 2025 |
March 31,2024 |
| Revenue from Operations |
94,22,686.09 |
88,17,594.84 |
94,38,959.04 |
88,17,594.84 |
| Other Income |
42,591.53 |
8,926.70 |
42,053.17 |
8,926.70 |
| Total Income (A) |
94,65,277.62 |
88,26,521.54 |
94,81,012.22 |
88,26,521.54 |
| Employee benefit expenses |
44,13,380.06 |
49,66,222.99 |
44,37,859.13 |
49,66,222.99 |
| Finance costs |
1,88,241.20 |
1,61,766.58 |
1,89,104.98 |
1,61,766.58 |
| Depreciation and amortization |
2,97,540.90 |
85,355.11 |
2,97,540.90 |
85,355.11 |
| Other Expense |
37,99,435.72 |
31,57,137.58 |
38,16,770.43 |
31,57,137.58 |
| Total Expenses (B) |
86,98,597.88 |
83,70,482.27 |
87,41,275.45 |
83,70,482.27 |
| Profit/ (Loss) Before Tax [C = (A-B)J |
7,66,679.74 |
4,56,039.27 |
7,39,736.77 |
4,56,039.27 |
| Current Tax |
2,38,647.83 |
1,37,260.06 |
2,38,647.83 |
1,37,260.06 |
| Tax for Prior Period |
(30,529.73) |
254.89 |
(30,529.73) |
254.89 |
| Deferred Tax |
(45,059.72) |
21,924.89 |
(45,755.80) |
21,924.89 |
| Profit/ (Loss) for the year [C-D] |
6,03,621.36 |
2,96,599.44 |
5,77,374.47 |
2,96,599.44 |
PERFORMANCE REVIEW
During the year under review, the Company achieved a total income of
Rs. 94,65,277.62 hundreds on a standalone basis and Rs. 94,81,012.22 hundreds on a
consolidated basis, as compared to the previous year's total income of Rs.
88,26,521.54 hundreds (standalone and consolidated). After accounting for expenses, the
Company earned a net profit of Rs. 6,03,621.36 hundreds on a standalone basis and Rs.
5,77,374.47 hundreds on a consolidated basis, compared to the previous year's net
profit of Rs. 2,96,599.44 hundreds (standalone and consolidated). The Directors are making
continuous efforts to enhance profitability through increased business activities in the
coming years.
BRIEF DESCRIPTION OF THE COMPANY'S WORKING DURING THE YEAR/ STATF.
OF COMPANY'S AFFAIR
Review of operations was conducted during the financial year which was
found satisfactory by the management of the company. The Board discussed the matter and
framed new strategies to expand the business of the company in the near future.
CHANGE IN NATURE OF BUSINESS IF ANY
During the year, the Company has altered its Main Object Clause of the
Memorandum of Association to accurately match the business activities of the Company. The
alteration was approved by shareholders through a special resolution on September 30,
2024, and confirmed by the Registrar of Companies on November 11,2024.
DIVIDEND
In view of conserving resources for current business exigencies and
future growth, the profits of the company have been ploughed back into the business.
Hence, the Directors have not recommended any dividend for the period under review.
TRANSFER TO INVESTOR EDUCATION AND PROTECTION FUND
The Company was not required to transfer any funds to the investor
education and protection fund as per the provisions of Section 125 of the Act during the
financial year under review.
TRANSFER TO RESERVES
The Board proposes to transfer Rs. 6,03,621.36 hundreds to the general
reserve during the financial year under review.
ANNUAL RETURN
As per the requirement of Section 92(3) of the Companies Act, 2013, the
annual return of the Company is placed on the website of the Company at
www.globtierinfotech.com.
MATERIAL CHANGES AND COMMITMENTS. IF ANY. AFFECTING THE FINANCIAL
POSITION OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH
THE FINANCIAL STATEMENTS RELATES AND THE DATE OF THE REPORT
IPO FILING AND APPROVAL UPDATE
During the financial year under review, the Company took a significant
step towards raising capital by initiating the process of an Initial Public Offering
(IPO). The Company filed the Draft Prospectus with the BSE Limited (“BSE”) for
their review and approval. Subsequently, the Company received several queries and
clarifications from the BSE, all of which have been addressed comprehensively and in a
timely manner. Following this, the Company was pleased to receive the in-principle
approval from the BSE on May 16, 2025, marking a key milestone in the IPO process. The
Company is novwdiJjgently
preparing the Prospectus, which will provide detailed information to
potential investors and serve as the basis for the public issue. This strategic initiative
is expected to strengthen the Company's financial position and support its future
growth plans.
INFORMATION ABOUT SUBSIDIARY/ JOINT VENTURE / ASSOCIATE COMPANY
During the year under review, the Company acquired more than 51% equity
shares of Botgo 1 echnologies Private Limited and the Company invested a sum of $990
(equivalent to Rs. 85,001/-) ?in Globtier USA, LLC, thereby making the subsidiaries of
the Company . This strategic acquisition is expected to strengthen the Company's
presence in IT market segment and create synergies in operations, technology, and growth
opportunities.
PERFORMANCE AND FINANCIAL HIGHLIGHTS OF SUBSIDIARY COMPANIES AND THEIR
CONTRIBUTION TO OVERALL PERFORMANCE OF THE COMPANY
As on the date of Board Report, the Company has 2 (Two) Subsidairies.
The companies that were considered in the Consolidated Financial Statements (CFS) for the
year ended March 31, 2025 is included in the notes to the CFS. The CFS, prepared in
accordance with Section 129(3) of the Act, and the applicable Accounting Standards, forms
part of the Annual Report. Additionally, a separate statement containing the salient
features of the financial statements of the subsidiary, in prescribed Form AOC-1, is also
included in Annexure-I. This statement provides details of the performance and financial
position of subsidiary. The audited financial statements, together with related
information and other reports of the subsidiary companies are available on the
Company's website at www.globtierinfotech.com. The summary of performance of the
Company's subsidiary is provided as below:
BOTGO Technologies Private Limited
BOTGO Technologies Private Limited is subsidiary of the Company and is
engaged in the business of develop, implement, export, import, purchase, sell or lease and
otherwise deal in software and otherwise as dealers and representatives for all types of
software and firmware.
The turnover of the Company for the year ended March 31,2025 is Rs.
25.04 lakhs
Globtier USA, LLC
The Company made an investment of $990 (equivalent to Rs. 85,001/-) in
Globtier USA, LLC, thereby making it a subsidiary of the Company. Globtier USA LLC is
engaged in business of Software Development and Information Technology business.
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS
TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND
COMPANY'S OPERATIONS IN FUTURE
During the year under review, there have been no such significant and
material orders issued against the Company passed by the regulators or courts or tribunals
impacting the going concern status and company's operations in future.
DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH
REFERENCE TO THE FINANCIAL STATEMENTS
The Company has in place adequate internal financial controls with
reference to the Financial Statements. During the year, such controls were tested and no
reportable material weaknesses in the design or operation were observed.
The management regularly monitors and controls to address safeguarding
of its assets, prevention and detection of fraud and errors, controls to monitor accuracy
and completeness of accounting records and other relevant records including timely
preparation of reliable financial information.
BUY BACK OF SECURITIES
The Company has not buy back any securities during the year under
review.
TRANSFER OF SECURITIES TAKE PLACE DURING THE YEAR During the year under
review, there is no transfer of shares took place.
DIRECTORS AND KEY MANAGERIAL PERSONNEL
During the financial year 2024-25 the Board of Director of the Company
was duly constituted.
| Rajiv Shukla (DIN: 02653008) |
Chairman & Managing Director |
| Rekha Shukla (DIN: 02656755) |
Executive Director |
| Shardul Sangal (DIN: 10771098) |
Non-Executive Director |
| Rahul Shukla (DIN: 08578849) |
Non-Executive Director |
| Manoj Kumar Jain (DIN: 07944446) |
Non-Executive & Independent Director |
| Rajesh Srivastava (DIN: 03248594) |
Non-Executive and Independent Director |
| Vani Agarwal (M. No. A51509) |
Company Secretary |
| Sandeep Gupta (F-15256) |
Chief Financial Officer |
Rekha Shukla (DIN: 02656755), Executive Director of the Board, retires
by rotation at the forthcoming Annual General Meeting (“AGM”) and being
eligible, offers herself for re-appointment. Her brief profile is annexed to the Notice of
AGM.
However, during the financial year, following change was made:
Appointment of Manoj Kumar Jain as Non-Executive & Independent
Director of the Company
During the year, Manoj Kumar Jain (DIN: 07944446) was appointed as a
Director (Non- Executive & Non-Independent) at the Extra-Ordinary General Meeting held
on July 09, 2024. Subsequently, he was regularized as a Director (Non-Executive &
Independent Director) at the Annual General Meeting held on September 30, 2024.
Change in Designation of Rekha Shukla as Executive Director of the
Company
During the year, the designation of Rekha Shukla (DIN: 02656755) was
changed from Director to Whole-Time Director, effective July 22,2024, on terms approved by
the Board in accordance with the
Companies Act, 2013. Further, she was redesignated from Whole-Time
Director to Executive Director with effect from November 04, 2024. It was approved at the
EGM held on November 04, 2024.
Change in Designation of Rajiv Shukla as Managing Director of the
Company
During the year, the designation of Rajiv Shukla (DIN: 02653008) was
changed from Director to Managing Director, effective July 22, 2024, on terms approved by
the Board in accordance with the Companies Act, 2013.
Appointment of Whole Time Company Secretary of the Company
During the year, the Board appointed Vani Agarwal (1CSI Membership No.
A51509) as Whole Time Company Secretary and Compliance Officer with effective from
September 02, 2024.
Appointment of Shardul Sangal as Non-Executive & Independent
Director of the Company
During the year, Shardul Sangal (DIN: 10771098) was appointed as an
Additional Director (Non- Executive, Non-Independent) at the Board Meeting held on
September 02,2024. Subsequently, he was regularized as a Director (Non-Executive,
Non-Independent Director) at the Annual General Meeting held on September 30, 2024.
Appointment of. Rajesb Srivastava as Non-Executive & Independent
Director of the Company
During the year, Rajesh Srivastava (DIN: 03248594) was appointed as an
Additional Director (Non- Executive & Independent) at the Board Meeting held on
September 02, 2024. Subsequently, he was regularized as a Director (Non-Executive &
Independent Director) at the Annual General Meeting held on September 30, 2024.
Appointment of Rahul Shukla as Non-Executive and Non-Independent
Director of the Company
During the year, Rahul Shukla (DIN: 08578849) was appointed as an
Additional Director (Non- Executive, Non-Independent) at the Board Meeting held on October
14, 2024. Subsequently, he was regularized as a Director (Non-Executive, Non-Independent
Director) at the Extraordinary General Meeting held on November 04, 2024.
Appointment of Chief Financial Officer of the Company
During the year, the Board appointed Sandeep Gupta (ICMAI Membership
No.: F-15256) as Chief Financial Officer (CFO) effective November 20, 2024, on the terms
and conditions approved by the Board. The Board authorized any Director to complete
necessary filings and formalities with the Registrar of Companies.
However, no resignation of any director took place during the financial
year.
MANAGERIAL REMUNERATION
The remuneration of Mr. Rajiv Shukla, Managing Director of the Company,
has been fixed at Rs. 52 lakhs per annum, as approved by the members in the Extraordinary
General Meeting (EGM) held on August 2, 2024.
Further, the remuneration of Mrs. Rekha Shukla, Executive Director of
the Company, has been fixed at Rs. 52 lakhs per annum, as approved by the members in the
EGM held on November 4, 2024.
MEETINGS OF THE BOARD OF DIRECTORS HELD DURING THE FINANCIAL YEAR
During the period under review, the Board of Directors of the Company
met 12 (Twelve) times. The intervening gap between the two consecutive meetings was within
the period prescribed under the Companies Act, 2013 (herein after also referred to as
"the Act") and Secretarial Standard 1 on Board meetings issued by the Institute
of Company Secretaries of India. The details of Board meeting held are mentioned below:
| S.no |
Date of Board Meeting |
| 1. |
June 01, 2024 |
| 2. |
June 12, 2024 |
| 3. |
July 22, 2024 |
| 4. |
September 02, 2024 |
| 5. |
October 14,2024 |
| 6. |
October 17, 2024 |
| 7. |
November 20, 2024 |
| 8. |
December 10, 2024 |
| 9. |
December 21, 2024 |
| 10. |
January 7, 2025 |
| 11. |
February 21,2025 |
| 12. |
March 28, 2025 |
BOARD COMMITTEES
During the financial year under review, the Board had constituted the
three Committees namely, the Audit Committee, the Nomination and Remuneration Committee,
the Stakeholder Relationship Committee.
All recommendations made by such Committees were noted by the Board.
There was no instance of disagreement between the Board and the recommendations of the
concerned Committees.
DISCLOSURE OF COMPOSITION OF COMMITTEES
AUDIT COMMITTEE
The composition of the Audit Committee:-
| Name |
Nature of Directorship |
Status |
| Rajesh Srivastava |
Independent Director |
Chairperson |
| Manoj Kumar Jain |
Independent Director |
Member |
| Rahul Shukla |
Non-Executive Director |
Member |
During the period under review, the Audit Committee of the Company met
four (4) times in compliance with the provisions of Section 177 of the Companies Act,
2013, read with Rules 6 and 7 of the Companies (Meetings of the Board and its Powers)
Rules, 2014, which are applicable to the Company.
| S. No. |
Date of Audit Committee Meeting |
| 01 |
November 20,2024 |
| 02 |
December 21,2024 |
| 03 |
January 06, 2025 |
| 04 |
February 17, 2025 |
NOMINATION & REMUNERATION COMMITTEE
The composition of the Nomination & Remuneration Committee:-
| Name |
Nature of Directorship |
Status |
ALIGN="LEFT">Rajesh Srivastava
| Independent Director |
Chairperson |
| Manoj Kumar Jain |
Independent Director |
Member |
| Shardul Sangal |
Non-Executive Director |
Member |
During the period under review, the Nomination & Remuneration
Committee of the Company met one (1) time in compliance with the provisions of Section 178
of the Companies Act, 2013, read with Rules Companies (Meetings of the Board and its
Powers) Rules, 2014, which are applicable to the Company.
| Date of Nomination & Remuneration Committee Meeting |
| January 09, 2025 |
STAKEHOLDER RELATIONSHIP COMMITTEE
The composition of the Stakeholder Relationship Committee:-
| Name |
Nature of Directorship |
Status |
| Shardul Sangal |
Non-Executive Director |
Chairperson |
| Rajesh Srivastava |
Independent Director |
Member |
| Rekha Shukla |
Executive Director |
Member |
During the period under review, the Stakeholder Relationship Committee
of the Company met one (1) time in compliance with the provisions of Section 178 of the
Companies Act, 2013, read with Rules Companies (Meetings of the Board and its Powers)
Rules, 2014, which are applicable to the Company.
| Date of Stakeholder Relationship Committee Meeting |
| October 26,2024 |
RISK MANAGEMENT POLICY:
The Company has adopted a Risk Management Policy aligned with current
best practices to identify, assess, and mitigate risks associated with its operations.
This framework ensures effective risk management to protect stakeholder interests and
support business objectives. As of the date of this report, the Board confirms that the
Company does not face any operational, economic, inflationary, or other risks that may
threaten its existence. The risk elements are continuously reviewed and addressed under
this policy to navigate emerging challenges in a dynamic business environment.
WHISTLE BLOWER POLICY / VIGIL MECHANISM
The Company has formed and adopted a whistle blower policy/vigil
mechanism which provides a platform for reporting concerns about unethical behavior,
actual or suspected fraud or violation of the Company's Code of Conduct. Directors
and Employees of the Company may report non-compliance, if any, to the Chairman of Audit
Committee.Members can also access the details of Whistle Blower Policy/Vigil Mechanism on
the website of the Company i.e., www.globtierinfotech.com.
DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS
CORPORATE SOCIAL RESPONSIBILITY INITIATIVES:
During the financial year 2024-25, the Company was required to spend
Rs. 8,20,000/- (Rupees Eight Lakh Twenty Thousand only) towards CSR activities, as per the
provisions of Section 135 of the Companies Act, 2013 and the Rules made thereunder.
ensured compliance with the applicable provisions under the Companies Act, 2013. While no
CSR expenditure was incurred during the financial year due to the Company's ongoing
efforts to identify high-impact and strategically aligned initiatives, the full prescribed
CSR amount has been transferred to a fund specified under Schedule VII in a timely manner,
reflecting the Company's dedication to social responsibility and statutory
compliance.
COMPANY'S POLICY RELATING TO DIRECTORS' APPOINTMENT. PAYMENT
OF REMUNERATION ETC.
The Nomination & Remuneration Policy adopted by the Board and also
constitute the Normination and Remuneration Committee (NRC) which enumerates the criteria
for assessment and appointment/re- appointment of Directors, KMP and SMP on the basis of
their qualifications, knowledge, skill, independence, professional and functional
expertise among other parameters with no bias on the grounds of ethnicity, nationality,
gender or race or any other such discriminatory factor.
The Policy also sets out the guiding principles for the compensation to
be paid to the Directors, KMP and SMP; and undertakes effective implementation of Board
familiarisation, diversity, evaluation and succession planning for cohesive leadership
management. Company ensures compliance with the Policy in true letter and spirit.
The complete Policy is reproduced in full on our website at
www.globtierinfotech.com DECLARATION FROM INDEPENDENT DIRECTORS
The Non-Executive & Independent Directors have individually
declared to the Board that they meet the criteria of independence as provided in Section
149(6) of the Companies Act, 2013 at the time of their respective appointment and there is
no change in the circumstances as on the date of this report which may affect their status
as an Independent Director.
In the opinion of the Board, there has been no change in the
circumstances which may affect their status as Independent Directors of the Company and
the Board is satisfied of the integrity, expertise, and experience (including proficiency
in terms of Section 150(1) of the Act and applicable rules thereunder) of all Independent
Directors on the Board. Further, in terms of Section 150 read with Rule 6 of the Companies
(Appointment and Qualification of Directors) Rules, 2014, as amended, Independent
Directors of the Company have included their names in the data bank of Independent
Directors maintained with the Indian Institute of Corporate Affairs.
COMPLIANCE OF SECRETARIAL STANDARDS
During the year under review, the Company is in compliance with all
applicable Secretarial Standards issued by the Institute of Company Secretaries of India.
REPORTING OF FRAUDS BY AUDITORS
There are no frauds reported by the Auditors during the year in terms
of the provisions of Section 143(12) of the Companies Act, 2013.
DIRECTORS' RESPONSIBILITY STATEMENT
In accordance with the provisions of Section 134(3)(c) and 134(5) of
the Companies Act, 2013 the
Board of Directors confirms that:
a. In the preparation of the annual accounts for the year ended March
31, 2025 the applicable accounting standards had been followed and there are no material
departures from the same;
b. Accounting policies have been selected and applied consistently and
judgments and estimates have been made that are reasonable and prudent so as to give a
true and fair view of the state of affairs of the Company for the year ended March 31,
2025 and of the profit and loss of the Company for that period.
c. Proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 2013 have been
taken for safeguarding the assets of the Company and for preventing and detecting fraud
and other irregularities;
d. The annual accounts for the for the year ended March 31, 2025 have
been prepared on a going concern basis and;
e. the Directors have devised proper systems to ensure compliance with
the provisions of all applicable laws and that such systems were adequate and operating
effectively.
AUDITORS
Statutory Auditors
Sri Prakash & Co., Chartered Accountants (Unit No. 3, G19 Basement,
Lajpat Nagar-III, New Delhi - 110024), were appointed as Statutory Auditors of the Company
at the 12th Annual General Meeting (AGM) until the conclusion of the 17th
Annual General Meeting.
Cost Auditor
The Company is not required to maintain cost records in terms of
requirement of Section 148 of the Act and rules framed thereunder, hence such accounts and
records are not required to be maintained by the Company.
Secretarial Auditor
During the year under review, the provisions of Section 204 of
Companies Act, 2013 regarding mandatory secretarial audit are not applicable to the
company.
Internal Auditors
During the year under review, the Company was not required to appoint
Internal Auditor in terms of the requirements of Section 138 of the Act and rules framed
thereunder.
BOARD'S EXPLANATIONS AND COMMENTS ON QUALIFICATION. RESERVATION
& ADVERSE REMARKS OR DISCLAIMER MADE BY STATUTORY AUDITORS
There is no qualification, reservation or adverse remark or disclaimer
made by the Statutory Auditors in their report and the said Auditor's Report &
notes to fmanical statements are self explanatory, and needs no further explanation.
PARTICULARS OF INTER CORPORATE LOANS, GUARANTEES & INVESTMENTS
Pursuant to the provisions of Section 186 of the Companies Act, 2013,
the particulars of loans, guarantees, and investments have been disclosed in the financial
statements, wherever applicable.
During the financial year, the Company granted a loan of Rs.
42,00,000/- (Rupees Forty-Two Lakhs Only) to Botgo Technologies Private Limited,
incompliance with the applicable provisions of the Companies Act, 2013. Necessary
approvaKn^^f^%g loans up to a limit o?^^^^Q0,000/- (
Ruopees Five Crores Only) were duly obtained at the Board Meeting held
on November 20, 2025, in accordance with Section 179(3)(f), and at the Extraordinary
General Meeting (EGM) held on November 25, 2025, in accordance with Section 185 of the
Companies Act, 2013.
PARTICULARS OF CONTRACT OR ARRANGEMENTS WITH RELATED PARTIES AS PER
SECTION 188 OF THE COMPANIES ACT, 2013
Related Party Transaction(s) entered into by the Company during the
reporting period were on an arm's length basis and in the ordinary course of
business. Further, the disclosure of particulars in Form No. AOC-2 is annexed hereto as
Annexure-II.
PARTICULARS OF EMPLOYEES AND REMUNERATION
The statement containing particulars of employees as required under
Section 197(12) of the Companies Act, 2013 read with sub rule (2) and (3) of Rule 5 of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is not
applicable on Company.
DISQUALIFICATIONS OF DIRECTORS UNDER SECTION 164
There is no such Director in the company who is disqualified under
Section 164.
PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION &
FOREIGN EXCHANGE EARNINGS AND OUTGO
Information relating to Conservation of Energy, Technology Absorption,
Research and Development, Exports, Foreign Exchange Earnings and Outgo and other
information forming part of this Report under the provisions mentioned under the Companies
Act, 2013 and the Rules made thereunder is as follows:
A. Conservation of energy:
(i) The steps taken or impact on conservation of energy:
Conservation of energy is of utmost significance to the company. Every
effort is made to ensure optimum use of energy by using energy-efficient computers,
processes and other office equipment and construction machinery. Constant efforts are made
through regular/preventive maintenance and upkeep of existing electrical equipment to
minimize breakdowns and loss of energy.
(ii) The steps taken by the company for utilizing alternate sources of
energy: Nil
(iii) The capital investment on energy conservation equipment: Nil
B. Technology absorption:
(i) The efforts made towards technology absorption:-Nil
(ii) The benefits derived like product improvement, cost reduction,
product development or import substitution:- Nil
(iii) In case of imported technology (imported during the last three
years reckoned from the beginning of the financial year):-N/A
(a) The details of technology imported: N/A
(b) The year of import: N/A
(c) Whether the technology been fully absorbed:-N/A
(d) If not fully absorbed, areas where absorption has not taken place,
and the reasons thereof: N/A
(iv) The expenditure incurred on Research and Development: Nif
C. Foreign Exchange
| Sale of Services -Income in Foreign Currency |
Rs. 1,31,02,269/- |
| Software development and consultancy
expenses-Imports |
Rs. 1,08,99,284/- |
DEPOSITS
During the year under review, Your Company neither accepted any
deposits nor there were any amounts outstanding at the beginning of the year which were
classified as ‘Deposits' within the meaning of Section 73 of the Companies Act,
2013 and the Companies (Acceptance of Deposits) Rules, 2014 Covered under Chapter V of the
Companies act, 2013.
DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITION & REDRESSAL1 ACT, 2013
In order to prevent sexual harassment of women at workplace, The Sexual
Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 has
been notified on December 09, 2013. Under the said Act every company is required to set up
an Internal Complaints Committee to look into complaints relating to sexual harassment at
work place of any women employee.
The Company affirms its commitment to providing a safe and respectful
workplace environment in accordance with the provisions of the Sexual Harassment of Women
at Workplace (Prevention, Prohibition and Redressal) Act, 2013. During the financial year
under review, there were no complaints filed or reported under this Act.
Accordingly, the details of complaints received, disposed of, and
pending are as follows:
• Number of complaints received during the year: 0
• Number of complaints disposed of during the year: 0
• Number of complaints pending at the end of the year exceeding
ninety days: 0
The Company continues to uphold a zero-tolerance policy towards any
form of sexual harassment and regularly conducts awareness programs and training sessions
to reinforce this commitment.
SHARE CAPITAL
(a) Sweat Equity
The Company has not issued any Sweat Equity Shares during the year
under review.
(b) Employees Stock Option Plan
During the year, the Company has not granted any stock options.
(c) Issue of Equity Shares with Differential Rights
The Company has not issued any Equity shares with differential rights
during the period under review.
? Increase in Authorised Share Capital
The Authorized Share Capital of R.s. 5,00,00,000/- (Rupees Five Crore
only) consisting of
50.00. 000 (Fifty Lakh) Equity shares of face value of Rs. 10/- each
was increased to Rs.
16.00. 00.000/- (Rupees Sixteen Crore Sixty Lakh only) consisting of
1,60,00,000 (One Crore Sixty Lakh) Equity shares of face value of Rs. 10/- each by passing
a resolution at the meeting of the members of the company held on July 09, 2024.
(e) Increase in Issued, Subscribed & Fully Paid-up share Capital
During the financial year, on November 20,2024 the Company allotted
75,40,000 Equity Shares as Bonus Shares of face value of Rs. 10/- each in the ration of 2
Equity Shares for every 1 Equity Share held by the existing shareholders.
DEMATERIALISATION OF EQUITY SHARES AND ISIN ASSIGNMENT
During the year, the Company successfully obtained its International
Securities Identification Number (ISIN) and completed the process of dematerialization of
its equity shares. All shareholders have converted their physical shares into electronic
form (demat), enhancing the ease of trading and transferability of shares. This step
aligns with the Company's commitment to adopting modern and efficient practices for
shareholder convenience and compliance with regulatory requirements.
The International Securities Identification Number (ISIN) for Equity
Shares of the Company is INE12P601017. As on March 31, 2025, 100% of securities are in
dematerialized form.
DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE
INSOLVENCY AND BANKRUPTCY CODE, 2016 DURING THE YEAR ALONG WITH THEIR STATUS AS AT THE END
OF THE FINANCIAL YEAR.
The Company does not have any pending application or proceeding under
the Insolvency and Bankruptcy Code, 2016 for the financial year 2024-25.
COST RECORDS AS SPECIFIED BY THE CENTRAL GOVERNMENT UNDER SUBSECTION m
OF SECTION 148 OF THE COMPANIES ACT, 2013.
The provision of Cost records as per Section 148 doesn't
applicable on the Company.
DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME
OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR
FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF.
During the financial year 2024-25 there has been no one - time
settlement for loan taken from banks or finncial institutions.
INSURANCE
All tangible assets of the Company - including buildings, plant and
machinery, equipment have been adequately insured against a range of potential risks such
as fire, theft, natural calamities and other unforeseen events. The Company engages with
insurance providers to ensure that the insurance policies in place are both adequate and
cost-effective. ... _
MATERNITY BENEFITS PROVIDED UNDER THE MATERNITY BENEFIT ACT, 1961
The Company hereby confirms that it has complied with the provisions of
the Maternity Benefit Act, 1961 during the financial year under review. Adequate measures
have been taken to ensure that all eligible women employees are granted maternity benefits
as prescribed under the Act, including leave entitlements, medical benefits, and
protection against dismissal during maternity leave.
The Company remains committed to supporting the health and well-being
of women employees and upholding their rights in accordance with applicable laws and
regulations.
ACKNOWLEDGEMENT
Your directors wish to place on record their appreciation for the
co-operation and support extended by the shareholders, various authorities, banks, dealers
and vendors.
The Directors also acknowledge with gratitude the dedicated efforts and
valuable contribution made by all the employees of the Company.
For and on behalf of Board Globtier Infotech Limited
(Formerly known as Globtier Infotech Private Limited)
| (Rajiv Shukla) |
(Rekha Shukla) |
| Managing Director v |
Director |
| DIN:02653008 |
DIN:02656755 |
| Flat No. 220, Manhatan-10, |
Flat No. 220, Manhatan-10, |
| Mahagun Modeme, Sector-78, |
Mahagun Modeme, Sector-78, Noida, |
| Noida Gautam Buddha Nagar, |
Noida Gautam Buddha Nagar, |
| Uttar Pradesh, 201301 |
Uttar Pradesh, 201301 |
| Date: July 12, 2025 |
|
| Place: Noida |
|
|