Global Surfaces Ltd

Global Surfaces Ltd has announced the closure of its trading window for promoters, directors, key managerial personnel, and designated persons. This closure will be effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of the financial results for the quarter ending June 30, 2026. The company is adhering to SEBI (Prohibition of Insider Trading) Regulations, 2015, and its internal code of conduct. The specific date for the board meeting to approve these financial results will be communicated separately.

Global Surfaces Ltd's board, in its meeting on May 25, 2026, approved the re-designation of Mr. Yashwant Kumar Sharma (DIN:08686725) from Non-Executive Independent Director to Non-Executive Non-Independent Director, subject to shareholder approval effective July 1, 2026. The board also approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and re-appointed M/s NIA & Associates as Internal Auditor for FY 2026-27. A notice of Postal Ballot was approved to seek shareholder approval for various matters.

Global Surfaces Ltd's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. M/s NIA & Associates, Chartered Accountants, were re-appointed as Internal Auditor for FY 2026-27. Mr. Yashwant Kumar Sharma was re-designated from Non-Executive Independent Director to Non-Executive Non-Independent Director, effective July 1, 2026, subject to shareholder approval. The board also approved a notice for a postal ballot to seek shareholder approval on various matters.

Global Surfaces Ltd. filed a corrigendum to its May 25, 2026, disclosure regarding outstanding qualified borrowings and incremental borrowings for FY2025-26. The correction addresses a typographical error in the unit of financial figures, changing it from "Rs. in Crores" to "Rs. in Millions." The actual figures remain unchanged. The corrected disclosure includes details of outstanding qualified borrowings at the start and end of the financial year, the highest credit rating, and incremental borrowings during the year.

Global Surfaces Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board also approved the reappointment of M/s NIA & Associates as Internal Auditor for FY 2026-27 and recommended the redesignation of Mr. Yashwant Kumar Sharma as Non-Executive Non-Independent Director, subject to shareholder approval. A notice of postal ballot was also approved for seeking shareholder approval on various matters.

Global Surfaces Ltd's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. They also approved the reappointment of M/s NIA & Associates as Internal Auditor for FY 2026-27 and recommended the redesignation of Mr. Yashwant Kumar Sharma as Non-Executive Non-Independent Director, subject to shareholder approval effective July 1, 2026. A notice of postal ballot was approved to seek shareholder approval on various matters. The trading window will open 48 hours after the declaration of the results.

Global Surfaces Ltd has scheduled a Board of Directors meeting on May 25, 2026, to consider and approve the Audited Standalone and Consolidated Financial Results and Statements for the quarter and financial year ended March 31, 2026. The trading window remains closed until 48 hours after the declaration of these results.

Global Surfaces Ltd. announced that Vatsankit Shah, a promoter group member, acquired 8,45,906 equity shares (2.00% stake) from M/s Vatsankit Shah Trust, also part of the promoter group. This off-market inter-se transfer occurred on March 20, 2026, due to the dissolution of the trust and distribution of assets to Vatsankit Shah, the sole beneficiary. The transaction is exempt under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. The aggregate shareholding of the Promoter and Promoter Group remains unchanged post-transfer. A report under Regulation 10(7) has been filed with SEBI.

Vatsankit Shah acquired 8,45,906 equity shares, representing 2.00% of Global Surfaces Ltd.'s paid-up equity capital, from M/s. Vatsankit Shah Trust on March 20, 2026. This off-market inter-se transfer among persons belonging to the Promoter Group is exempt under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transfer occurred as the trust dissolved upon Vatsankit Shah attaining majority, with assets, including these shares, transferring to him as the sole beneficiary. Both the transferor trust and the acquirer are part of the Promoter Group, ensuring the aggregate shareholding of the Promoter and Promoter Group remains unchanged before and after the transaction. All necessary regulatory filings, including prior intimation and post-acquisition reports, have been completed.

Global Surfaces Ltd has received an assessment order under Section 143(3) of the Income-tax Act, 1961 read with a notice of demand under Section 156 for Assessment Year 2023-24. The order and notice were received on March 31, 2026, raising a demand of ₹37,48,89,740. The Company is reviewing the order and will take appropriate remedial steps, believing it has adequate legal and factual grounds to address the matter.