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. Furthermore, 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 aims to strengthen the subsidiary's balance sheet, reduce its finance cost, and support long-term growth. The transaction is expected to be completed on or before March 31, 2026. In a significant strategic decision, the Board also approved the discontinuation of operations at the Bagru Natural Stone unit (Bagru Unit) effective March 31, 2026, subject to necessary permissions. This decision was driven by 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 Bagru Unit contributed 8.94% to the company's revenue from operations in FY25. The trading window for the company's shares will reopen 48 hours after the declaration of the financial results for the quarter and nine months ended December 31, 2025.
