Global Surfaces Limited's Board of Directors, in a meeting held on February 03, 2026, approved the Un-Audited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. They also took note of the Limited Review Report from their statutory auditors, M/s Ummed Jain & Co. In a significant corporate restructuring, the Board approved the conversion of an unsecured loan of ₹50 Crore, extended by Global Surfaces Limited to its wholly-owned subsidiary, Global Surfaces FZE, into equity shares. This conversion is aimed at strengthening the subsidiary's balance sheet, reducing its finance cost, and supporting its long-term growth. The transaction, which involves no cash outflow from the parent company, is expected to be completed on or before March 31, 2026. The transaction terms are based on an independent valuation and fairness opinion. Furthermore, the Board approved the discontinuation of operations at the Bagru Natural Stone unit, effective March 31, 2026, subject to necessary approvals. This decision was made due to sustained financial losses, under-utilization of capacity, and prevailing market conditions. The Board has also in-principally approved the proposal for the disposal of assets of the Bagru unit, pending finalization of a commercially viable plan. The trading window for the company's shares will open 48 hours after the declaration of the financial results for the quarter and nine months ended December 31, 2025.
