Global Surfaces Limited announced the outcome of its Board Meeting held on February 03, 2026. The Board approved the Un-Audited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025, along with the Limited Review Report from statutory auditors M/s Ummed Jain & Co. The company also 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 of the subsidiary. This conversion is aimed at strengthening the subsidiary's balance sheet and reducing its finance cost, and is expected to be completed by March 31, 2026. Furthermore, the Board approved the discontinuation of operations at the Bagru Natural Stone unit, effective from 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 principally approved the proposal for the disposal of assets of the Bagru unit, contingent on finalizing a commercially viable plan. The Trading Window for dealing in 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.
