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GlobalSpace Technologies Limited Governance Information 2026
61864_rns_2026-05-29_31d0b59c-47c5-422d-a0bf-dd1e7bb6e6dc.pdf
Governance Information
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GlobalSpace TECHNOLOGIES
Date: May 29, 2026
To,
The Manager,
BSE Limited
Address: Phiroze Jeejeebhoy Towers,
Dalal Street, Fort, Mumbai - 400001.
Scrip Code: 540654
Subject: Annual Secretarial Compliance Report pursuant to Regulation 24A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 for the financial year ended March 31, 2026.
Dear Sir/Madam,
Pursuant to SEBI Circular no. CIR/CFD/CMD1/27/2019 dated February 8, 2019 and as per Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, from time to time, we are forwarding herewith the Annual Secretarial Compliance Report of the Company for the financial year ended March 31, 2026, issued by M/s. AJP & Associates, Practising Company Secretaries.
We request you to kindly take the above on your record.
Thanking You.
Yours faithfully,
FOR GLOBALSPACE TECHNOLOGIES LIMITED
KRISHNA Digitally signed by KRISHNA MURARI MURARI SINGH Dated: 2026.05.29 19:49:04 +03'30"
Krishna Murari Singh
Managing Director
DIN: 03160366
Address: 605, 6th Floor, Rupa Solitaire Building,
Millennium Business Park, Thane, Navi Mumbai, Maharashtra, India, 400110
Place: Mumbai
GLOBALSPACE TECHNOLOGIES LIMITED
CIN: L64201MH2010PLC211219
Formerly known as "Globalspace Technologies Private Limited"
Formerly known as "Globalspace Technologies Private Limited"
Regd. Off: Office No. 605,
6^{\text{th}}
Floor, Rupa Solitaire Building, Millennium Business Park, Mahape, Navi Mumbai 400710
Tel.: 022-49452000 | Email: [email protected] | Website: www.globalspace.in
ABHAY KUMAR PAL & Co.
Company Secretaries & Trademark Agent
SECRETARIAL COMPLIANCE REPORT OF GLOBALSPACE TECHNOLOGIES LIMITED
(For the year ended March 31, 2026)
Under Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
To,
GLOBALSPACE TECHNOLOGIES LIMITED
605, A-1, B-Wing, 6th Floor, Rupa Solitaire Building,
Millennium Business Park, MIDC,
Mahape, Navi Mumbai-400110,
Thane, Maharashtra, INDIA.
I, Abhaykumar J. Pal have examined:
(a) all the documents and records made available to us and explanation provided by Globalspace Technologies Limited (“the Company” or “the listed entity”),
(b) the filings/ submissions made by the listed entity to the stock exchange,
(c) website of the listed entity,
(d) any other document/ filing, as may be relevant, which has been relied upon to make this report,
for the financial year ended March 31, 2026 (“Review Period”) in respect of compliance with the provisions of:
(a) the Securities and Exchange Board of India Act, 1992 (“SEBI Act”) and the Regulations, circulars, guidelines issued thereunder; and
(b) the Securities Contracts (Regulation) Act, 1956 (“SCRA”), rules made thereunder and the Regulations, circulars, guidelines issued thereunder by the Securities and Exchange Board of India (“SEBI”);
The specific Regulations, whose provisions and the circulars/guidelines issued thereunder, have been examined, include:-
(a) Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015;
ABHAY KUMAR PAL & CO. (formerly known as AJP & ASSOCIATES)
Office No. 101, First Floor, Krishna Kala Building, Naupada, Ghokhale Road, Thane West -400602, Maharashtra
+91 9702002046 / 90293 66180
[email protected]
© www.ajp.cs.in
(b) Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018; [Not applicable to the Company during the review period]
(c) Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;
(d) Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018; [Not applicable to the Company during the review period]
(e) Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021;
(f) Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021; [Not applicable to the Company during the review period]
(g) Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015;
(h) Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018;
(i) Securities and Exchange Board of India (Registrar to an issue and share transfer agent) Regulations, 1993;
and circulars/ guidelines issued thereunder and based on the above examination, I, hereby report that, during the review period:
(a) The listed entity has complied with the provisions of the above regulations and circulars/ guidelines issued thereunder, except in respect of matters specified below:
| Sr. No | Compliance Requirement (Regulations/ circulars/ guidelines including specific clause) | Regulation/ Circular No. | Deviations | Action Taken by | Type of Action | Details of Violation | Fine Amount (INR.) | Observations/ Remarks of the Practicing Company Secretary (PCS) | Management Response | Remarks |
|---|---|---|---|---|---|---|---|---|---|---|
| 1. | All material related party transactions and subsequent material modifications as defined by the audit committee shall require prior approval of the shareholders through resolution and | Reg. 23(4) of SEBI LODR | The Company has entered into certain material Related Party Transactions which are material in nature under regulation 23(4) of SEBI LODR | -- | -- | The Company has entered into certain material Related Party Transactions but failed to obtained mandatory prior shareholders' approval for material related party transactions. | -- | It has observed that the Company had entered into certain material related party transactions without obtaining the prior approval of the shareholders. | It was inadvertently missed by the Company that a few related party transactions the Company has which entered into are crossing the materiality thresholds provided under LODR. | -- |
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(b) The listed entity has taken the following actions to comply with the observations made in previous reports:
| Sr. No | Observations/Remarks of the Practicing Company Secretary in the previous reports | Observation Made in the secretarial compliance report for the financial year ended | Compliance Requirement (Regulations/Circulars/ Guidelines including specific clause) | Details of violation / deviations and actions taken / penalty imposed, if any, on the listed entity | Remedial actions, if any, taken by the listed entity | Comments of the PCS on the actions taken by the listed entity |
|---|---|---|---|---|---|---|
| 1. | During the year, M/s. Innopharm Healthcare Private Limited became a material subsidiary with effect from May 04, 2024 in accordance with Regulation 16(1)(c) of SEBI LODR. | 2024-25 | At least one independent director on the board of directors of the listed entity shall be a director on the board of directors of an | The Company failed to appoint a common Independent Director on the Board of the listed entity and its material subsidiary, M/s. Innopharm | The Company appointed the Independent Director of the Company as a Non-Executive Director of the | -- |
SINHAN KUMAR PADI
SINHAN CORPORATION
RESEARCH
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| Accordingly, under Regulation 24(1), the listed entity was required to appoint a common Independent Director on the Board of the material subsidiary. However, there was a delay of 310 days in complying with this requirement. | unlisted material subsidiary, whether incorporated in India or not. | Healthcare Private Limited, for the period from 04 May 2024 to 03 March 2025. | material subsidiary on March 10, 2025, for complying with this requirement. The Company has since appointed the required Independent Director and has strengthened internal compliance mechanisms to prevent such delays in the future. | |||
|---|---|---|---|---|---|---|
| 2. | The Company has submitted the Cash Flow Statements for Consolidated Financial Results for the quarter ended September 30, 2024. | 2024-25 | Non-submission of the financial results within the period prescribed under this regulation. | Non - submission of Cash Flow Statement for Consolidated Financial Results for the quarter ended September 30, 2024. | The Company has submitted the Cash Flow Statements for Consolidated Financial Results for the quarter ended September 30, 2024 | - |
THANE
AN ADVERTISING EXHIBIT
FINANCIAL
INFORMATION
SERVICES
I. I hereby report that, during the review period the compliance status of the listed entity with the following requirements:
| Sr. No. | Particulars | Compliance Status (Yes/No/NA) | Observations/Remarks by PCS* |
|---|---|---|---|
| 1. | Secretarial Standards: | ||
| The compliances of the listed entity are in accordance with the applicable Secretarial Standards (SS) issued by the Institute of Company Secretaries of India (ICSI). | YES | -- | |
| 2. | Adoption and timely updation of the Policies: | ||
| • All applicable policies under SEBI Regulations are adopted with the approval of board of directors of the listed entities. | |||
| • All the policies are in conformity with SEBI Regulations and have been reviewed & updated on time, as per the regulations/circulars/guidelines issued by SEBI. | YES | -- | |
| 3. | Maintenance and disclosures on the Website: | ||
| • The Listed entity is maintaining a functional website | |||
| • Timely dissemination of the documents/ information under a separate section on the website | |||
| • Web links provided in annual corporate governance reports under Regulation 27(2) are accurate and specific which re- directs to the relevant document(s)/section of the website. | YES | ||
| YES | |||
| YES | -- | ||
| -- | |||
| -- |
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| 4. | Disqualification of Director: |
None of the Directors (s) of the Company is/ are disqualified under Section 164 of the Companies Act, 2013 as confirmed by the listed entity. | YES | -- |
| 5. | Details related to Subsidiaries of listed entities have been examined w.r.t.:
a) Identification of material subsidiary companies.
b) Disclosure requirement of material as well as other subsidiaries. | YES | -- |
| 6. | Preservation of Documents:
The listed entity is preserving and maintaining records as prescribed under SEBI Regulations and disposal of records as per Policy of Preservation of Documents and Archival policy prescribed under SEBI LODR Regulations, 2015. | YES | -- |
| 7. | Performance Evaluation:
The listed entity has conducted a performance evaluation of the Board, Independent Directors and the Committees at the start of every financial year/during the financial year as prescribed in SEBI Regulations. | YES | -- |
| 8. | Related Party Transactions:
a) The listed entity has obtained prior approval of Audit Committee for all related party transactions; or
b) In case no prior approval has been obtained, the listed entity has provided detailed | YES
NA | -- |
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| reasons along with confirmation whether the transactions were subsequently approved/ ratified/rejected by the Audit Committee. | |||
|---|---|---|---|
| 9. | Disclosure of events or information: | ||
| The listed entity has provided all the required disclosure(s) under Regulation 30 along with Schedule III of SEBI LODR Regulations, 2015 within the time limits prescribed thereunder. | YES | -- | |
| 10. | Prohibition of Insider Trading: | ||
| The listed entity is in compliance with Regulation 3(5) & 3(6) of SEBI (Prohibition of Insider Trading) Regulations, 2015. | YES | -- | |
| 11. | Actions taken by SEBI or Stock Exchange(s), if any: | YES | -- |
| No action(s) has been taken against the listed entity/ its promoters/ directors/ subsidiaries either by SEBI or by Stock Exchanges (including under the Standard Operating Procedures issued by SEBI through various circulars) under SEBI Regulations and circulars/ guidelines issued there under except as provided under separate paragraph herein. | |||
| 12. | Resignation of statutory auditors from the listed entity or its material subsidiaries: | ||
| In case of resignation of statutory auditor from the listed entity or any of its material subsidiaries during the financial year, the listed entity and / or its material subsidiary(ies) has / have complied with paragraph 6.1 and 6.2 of section V-D of chapter V of the Master Circular on compliance with the provisions of the LODR Regulations by listed entities. | NA | No such event of the resignation of a statutory auditor occurred during the review period. |
STANFORD, CONNECTICUT, TENNESSEE
THANK
FOR LABOR
| 13. | Additional Non-compliances, if any:
No additional non-compliance observed for any SEBI regulation/ circular/ guidance note etc. except as reported above. | NA | -- |
| --- | --- | --- | --- |
II. Assumptions and Limitations of the Scope and Review:
- Compliance of the applicable laws and ensuring the authenticity of documents and information furnished, are the responsibilities of the management of the Listed entity;
- My responsibility is to report based on my examination of relevant documents and information. This is neither an audit nor an expression of opinion;
- I have not verified the correctness and appropriateness of the financial Records and Books of Accounts of the listed entity; and
- This Report is solely for the intended purpose of compliance in terms of Regulation 24A(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and is neither an assurance as to the future viability of the listed entity nor of the efficacy or effectiveness with which the management has conducted the affairs of the listed entity.
Date: 29/05/2026
Place: Thane
- UDIN. F013415H000542207
- URN. S2020MH767400
For Abhay Kumar Pal & Co.
(Formerly known as AJP & Associates)
Company Secretaries
Abhaykumar J. Pal
FCS.13415 & CP. 23812
PR. 5861/2024