Global Surfaces Limited
Incorporated in 1991, Global Surfaces Limited is engaged in processing natural stones and manufacturing engineered quartz.
What Global files
- Others71
- Important15
- Board Meeting14
- Updates11
- Investor Meet4
- Credit Ratings4
Company declared quarterly results. Ashish Agarwal is the new CFO. It converted a ₹110.44 Cr loan to its wholly-owned subsidiary, Global Surfaces FZE, into equity to bolster its balance sheet. A ₹2 Cr corporate guarantee for FZE's working capital was also rolled over.
GSLSU: Promoter Vatsankit Shah acquired 8.46 lakh shares (2.00% stake) from a dissolved family trust. This internal transfer within the promoter group results in no change to the overall promoter holding.
Global Surfaces reported Q3 revenue up 28.6% YoY to ₹59.3 Cr, and 9M revenue up 25% to ₹187.8 Cr. Margins faced pressure from tariffs and low utilization. The company is focused on cost optimization and value-added products, including patented Marquartz engineered quartz technology.
GSL approved converting a 50 Cr loan to its subsidiary, Global Surfaces FZE, into equity, strengthening its balance sheet. The company also approved closing its loss-making Bagru Natural Stone unit by March 31, 2026, with assets slated for disposal due to sustained losses.
Global Surfaces' material subsidiary, Global Surfaces INC, appointed M/s Ummed Jain & Co. as Statutory Auditors for FY2025-26. This firm also serves as the auditor for the parent company, ensuring consistent financial oversight.