Promoters of global surfaces held 73.25% of the total share capital, amounting to 3,10,44,468 shares, as on March 31, 2026. The disclosure was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that no shares were encumbered, directly or indirectly, during the financial year ended March 31, 2026.

The promoter group includes Mayank Shah, who individually holds 55.46% of the equity, and other members such as Sweta Shah and Mridvika Shah. The aggregate holding remained stable during the period, with an inter-se transfer of shares recorded within the group.

Inter-se Transfer Details

An off-market transfer of 845,906 equity shares occurred within the promoter group on March 20, 2026. This transfer involved moving shares from the Vatsankit Shah Trust to Vatsankit Shah following the dissolution of the trust and the distribution of assets to the beneficiary.

The company clarified that this transaction was strictly between persons belonging to the promoter group. Consequently, there was no change in the aggregate shareholding of the promoter and promoter group. Furthermore, the encumbrance status of these shares remained unchanged, with no encumbrance created during the transaction.

Promoter Holding Breakdown

The detailed shareholding of the promoter group as on March 31, 2026, is outlined below:

Global Surfaces Ltd announced the outcome of its postal ballot held on June 25, 2026, confirming the approval of key board changes and related party transactions. The remote e-voting period concluded on June 25, 2026, at 5:00 p.m. IST, with the scrutinizer's report validating the results. The resolutions were passed with the requisite majority and are deemed effective as of the closing date of the voting process.

Board Appointments and Redesignations

Shareholders approved the appointment of Mr. Rakesh Grover (DIN: 09673773) as a Non-Executive Independent Director for a period of two consecutive years effective from March 30, 2026. Additionally, Mr. Yashwant Kumar Sharma (DIN: 08686725) was redesignated from a Non-Executive Independent Director to a Non-Executive Non-Independent Director, effective from July 1, 2026. These changes were recommended by the Nomination and Remuneration Committee and the Board of Directors.

Approval of Related Party Transactions

The postal ballot also sought approval for material related party transactions for the financial year 2026-27. Shareholders authorized the company and its wholly owned subsidiary, Global Surfaces FZE, to enter into transactions with related parties Global Surfaces Inc. ("GSI") and Superior Surfaces Inc. ("SSI"). These transactions will be conducted at arm's length and in the ordinary course of business, subject to the approval of the Audit Committee and the Board.

Procedural Details

The postal ballot process was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and relevant SEBI regulations. Mr. Akshit Kumar Jangid of M/s. Pinchaa & Co., Company Secretaries, served as the Scrutinizer. The results were declared by Mr. Dharam Singh Rathore, Company Secretary and Compliance Officer, and have been displayed on the company's website and at its registered office.