Board approves audited FY 2025-26 and un-audited Q1 results; proposes final dividend

Board meeting held on 05.10.2026.

Mon 5 Oct 2026

Board Meeting Date

05.10.2026

Results Approved

Audited results for quarter and year ended 31.03.2026; un-audited results for quarter ended 30.06.2026

Audit Opinion

Unmodified opinion for FY 2025-26; impact of audit qualifications is Nil

Final Dividend

Proposed for the year, subject to members' approval

AGM & Book Closure

41st AGM on 29 October 2026 at 4.00 P.M. through VC/OVAM; book closure 23.10.2026 to 29.10.2026

Board meeting outcome

The Board of Directors of Globe Multi Ventures Ltd (formerly Globe Commercials Ltd) met on 05.10.2026 and considered and approved a set of financial and shareholder-related items, as stated in the company's update to the exchanges. The meeting commenced at 2.00 P.M. and concluded at 5.15 P.M.

Financial results and reports approved

• Audited standalone and consolidated financial results for the quarter and year ended 31.03.2026
• Audited standalone and consolidated Statement of Assets & Liabilities as at 31.03.2026
• Audited standalone and consolidated Cash Flow Statement for the period ended 31.03.2026
• Independent Auditors' Report for the financial year ended 31.03.2026
• Un-audited standalone and consolidated financial results for the quarter ended 30.06.2026
• Limited review report for the quarter ended 30.06.2026

Audit opinion

The company has declared that its statutory auditors, M/s. SMV & Co., have issued Audit Reports with an unmodified opinion on the audited financial results for the financial year ended 31.03.2026, and states that the impact of audit qualifications is Nil. An unmodified opinion means the auditor has not flagged any qualification in the numbers reported. The auditor's report carries one Key Audit Matter for the standalone financial statements: revenue recognition from the sale of goods. Revenue is recognised when control of the products sold is transferred to the customer, mainly upon delivery, and when there are no longer any unfulfilled obligations. Management considers revenue a key measure of performance, and the auditor lists this as an area where there is a risk of revenue being recorded before control is transferred. The auditor describes the procedures performed on this matter, including testing controls over revenue cut-off at year-end and checking sales transactions recorded close to the year-end.

Other points from the auditor's report

• Proper books of account as required by law have been kept, and the balance sheet, statement of profit and loss, cash flow statement and statement of changes in equity agree with the books of account.
• The report expresses an unmodified opinion on the adequacy and operating effectiveness of the company's internal financial controls with reference to the standalone financial statements.
• The report states that the company does not have any pending litigations which affect its financial position in its standalone financial statements, and that it did not have long-term contracts, including derivative contracts, for which there were material foreseeable losses.
• The report states there has been no delay in transferring amounts required to be transferred to the Investor Education and Protection Fund, and that no dividend was declared during the year, with no dividend declared in the previous year pending payment.

Dividend

The Board has proposed a final dividend for the year. The proposal is subject to the approval of the members at the ensuing Annual General Meeting. A final dividend, once approved by shareholders, is a cash payout to eligible shareholders, so the record date and the payout details are the items that follow from this approval.

Annual General Meeting and book closure

• The 41st Annual General Meeting is convened for 29 October 2026 at 4.00 P.M. through VC/OVAM.
• Book closure has been fixed from 23.10.2026 to 29.10.2026.
• The e-voting cut-off date for eligibility to participate in e-voting is 23.10.2026.
• Mr. SVN Charyulu, Company Secretary (M. No: 4768, CP No: 5981), has been appointed as scrutiniser for the purpose of remote e-voting as well as e-voting at the AGM.

What these items mean for a shareholder

• Approval of audited and un-audited results and an unmodified audit opinion are routine periodic disclosures that show the accounts have been placed before the Board and reviewed by an independent auditor.
• The dividend, if approved by members, is a distribution of profit to shareholders who hold shares on the applicable record date.
• The book closure window is the period in which the register of members is closed for the purpose of the AGM and any dividend entitlement; trades settling within the applicable cut-off determine who is eligible to vote and, where applicable, to receive the dividend.

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