Global Surfaces Limited (GSL) has re-submitted its un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. This re-submission is in compliance with NSE Circular No. NSE/CML/2018/02 and the results are also available on the company's website. The Board of Directors has approved the conversion of an unsecured loan of ₹500 Million (approximately ₹50 crore) extended by the Company 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 its long-term growth and operational stability. Furthermore, the Audit Committee recommended, and the Board approved, the discontinuation of operations at the Bagru Unit (natural stone processing) effective March 31, 2026. This decision was based on sustained financial losses, cash losses, under-utilization of capacity, and prevailing market conditions. The company also noted significant exposure to the U.S. market, with potential impacts from elevated tariffs and geopolitical uncertainties. Management is pursuing diversification into new markets and monitoring developments. The company is assessing the potential impact of India's new labor codes, which are not expected to be material.
