Globus Power Generation Ltd Approves Q2026 Financial Results and Re-appoints Director Abhay Khanna for Five Years
Globus Power Generation Limited, formerly known as Globus Constructors & Developers Limited, announced key outcomes of its Board Meeting held on August 11, 2026. The company approved the Unaudited Financial Results for the Quarter ended June 30, 2026, and ratified the re-appointment of Mr. Abhay Khanna as a Whole Time Director for a five year period.The board meeting, which was conducted via virtual video conferencing facility, considered several material items, including the results review and director appointment, following recommendations from the Nomination & Remuneration Committee.
Quarterly Financial Performance Highlights
The Unaudited Financial Results for the quarter ended June 30, 2026, reflect a loss after tax. Management has confirmed that the results are compliant with Ind-AS and provide a true and fair view of the company's affairs.Key financial figures from the Statement of Unaudited Financial Results are presented below:
| Particular | Q ended June 30, 2026 (Reviewed) | Q ended March 31, 2026 (Audited) | Q ended June 30, 2025 (Reviewed) |
|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 |
| Expenses | 1,647 | 10.55 | 13.79 |
| Profit (Loss) before Tax & Exceptional Items | 16.47 | 1055 | (15.79) |
| Loss after Tax from Continuing Operations | (3.29) | (2.45) | (3.98) |
| Total Comprehensive Income for the period | (3.29) | (245) | (12.80) |
| Equity Share Capital (Face Value Rs 10/- each) | 9,894.55 | 9,894.85 | 9,894.55 |
Director Re-appointment Details
The Board approved the re-appointment of Mr. Abhay Khanna (DIN: 02153655) as Whole Time Director of Globus Power Generation Limited for a tenure of five years. This appointment is effective from August 11, 2026, until August 10, 2031, subject to the approval of members at the ensuing Annual General Meeting.According to disclosures, Mr. Khanna holds a profile that includes graduation from Purdue University in 2006. His professional experience spans various fields such as Telecom, Infrastructure, and Power. He has significant expertise in Green Energy, concentrating on Bio-Mass Power Generation and Wind Power Generation. The company noted that a 12 MW Bio-Mass Power Plant is currently operational in Rajasthan, and he has been involved in setting up numerous Wind Mills across India.
The board also reviewed the Draft of the Director's Report and Corporate Governance Report for the financial year ended March 31, 2026. Additionally, M/s Soniya Gupta & Associates was appointed as a scrutinizer for the upcoming Annual General Meeting, and NSDL was appointed for the e-voting process.
Stock Price Movement
As of 11:57, Globus Constructors & Developers Ltd. is edging higher at ₹12.50, having ticked up 0.08% in today's trading session. The shares have moved within a noticeable intraday range, hitting a low of ₹12.30 and reaching a high of ₹13.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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