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Latest news about Global Surfaces

Global Surfaces Approves Rakesh Grover as Additional Director 4 hrs ago Today

Global Surfaces has approved Rakesh Grover's appointment as Additional Director to its board. Grover brings significant banking experience from his previous role as CEO of Punjab National Bank Hong Kong. This appointment strengthens the company's board composition with experienced financial sector leadership.

Global Surfaces Files Official SEBI Intimation for Inter-se Share Transfer 6 days ago

Global Surfaces Board Approves Additional ₹50 Crore Loan-to-Equity Conversion Mar 18, 2026

Global Surfaces Limited to Participate in 11th Annual Valorem Conference on March 23, 2026 Mar 16, 2026

Global Surfaces Limited Releases Comprehensive Investor Presentation for March 2026 Mar 13, 2026

More news about Global Surfaces

12Mar 26

Global Surfaces Limited: Vatsankit Shah to Acquire 2.00% Stake Through Trust Dissolution

Global Surfaces Limited has received formal intimation regarding Vatsankit Shah's proposed acquisition of 8,45,906 equity shares (2.00%) from M/s. Vatsankit Shah Trust through trust dissolution scheduled on or after March 20, 2026. The off-market inter-se transfer involves no consideration and maintains the total promoter group shareholding at 73.25%, with regulatory filings completed under SEBI regulations.

06Feb 26

Global Surfaces Limited Submits Q3FY26 Results in Machine Readable Format

Global Surfaces Limited re-submitted its Q3FY26 financial results in machine readable format as per NSE compliance requirements. The company reported standalone profit of ₹4.90 crore but consolidated loss of ₹33.35 crore, with Board approving ₹50 crore loan conversion and Bagru unit closure.

08Jan 26

Global Surfaces Limited Shareholders Approve New Statutory Auditor Appointment via Postal Ballot

Global Surfaces Limited successfully completed its postal ballot process on January 8, 2026, with shareholders approving the appointment of M/s Ummed Jain & Co, Chartered Accountants as new statutory auditors with 99.9995% votes in favour. The appointment fills the casual vacancy created by the resignation of M/s B. Khosla & Co., with strong support from both promoter groups (100% approval) and public shareholders (95.78% approval rate).

17Nov 25

Global Surfaces Reports Q2 FY26 Loss Amid Challenging Market Conditions

Global Surfaces Limited reported a consolidated net loss of INR 46.00 million for Q2 FY26. Revenue increased 15.1% YoY to INR 541.00 million, but decreased 27.4% QoQ. EBITDA turned negative at INR -36.00 million. Dubai facility showed improvement with 53% utilization, while India operations remained soft due to US tariff uncertainties. The company is pursuing market diversification strategies in MENA region and expanding its low-silica product portfolio. For H1 FY26, revenue grew 23.5% YoY to INR 1,286.00 million, with a net loss of INR 51.00 million.

13Nov 25

Global Surfaces Reports Quarterly Loss, Faces Market Challenges Amid Auditor Resignation

Global Surfaces Limited (GSL) reported a consolidated net loss of Rs. 45.53 crore for Q2 FY2026, despite revenue growth. The company faces challenges due to elevated US tariffs on India-bound goods. GSL's statutory auditor, B. Khosla & Co., has resigned effective November 13, 2025. The Board has initiated the process to fill this vacancy.

04Nov 25

Global Surfaces' UAE Subsidiary Secures $709,842 Order from Caesarstone

Global Surfaces Limited's subsidiary, Global Surfaces FZE in Dubai, has received a $709,842 (₹6.30 crores) order from Caesarstone Ltd. for engineered quartz surfaces. The order is to be executed within one month. This new order brings the company's total unexecuted order book to approximately ₹58 crores on a consolidated basis. The announcement was made in compliance with SEBI regulations, and the company confirmed that the order is part of their ordinary course of business with no related party interest.

17Oct 25

Global Surfaces Appoints Mayank Shah as CFO, Retaining Chairman and MD Roles

Global Surfaces Limited (GSL) has appointed Mayank Shah as Chief Financial Officer (CFO), effective October 17, 2025, while he continues to serve as Chairman and Managing Director. Shah brings over 20 years of experience in the stone industry, having led GSL's international expansion, product diversification, and establishment of a dual-shore manufacturing model. The appointment, approved by the Board following committee recommendations, aims to leverage Shah's comprehensive business understanding for enhanced financial management and strategic growth.

06Sept 25

Global Surfaces Reports Mixed Q1 Results; Subsidiary Secures Exclusive Manufacturing Rights in MENA Region

Global Surfaces Limited reported mixed financial results for Q1 FY2025. Standalone profit after tax increased by 48.5% to Rs 63.69 million, while consolidated operations posted a loss of Rs 12.62 million. Revenue from operations slightly declined. The company's subsidiary, Global Surfaces FZE, secured exclusive manufacturing rights in the MENA region through a licensing agreement with SQIP LLC and Veegoo Technology. The board approved quarterly results, scheduled the AGM, appointed a new Secretarial Auditor, and re-designated Mrs. Sweta Shah as Whole-Time Director. The insider trading window will reopen on August 16, 2024.

14Aug 25

Global Surfaces Reports Narrower Q1 Loss Amid Revenue Growth

Global Surfaces Limited reported a consolidated net loss of 5.72 million rupees in Q1, an improvement from 12.62 million rupees loss in the same period last year. Revenue increased by 30.37% to 745.04 million rupees. The company faces challenges due to elevated tariffs on U.S.-bound goods from India but is leveraging its multi-shore manufacturing capabilities, including its facility in Dubai, to mitigate potential effects.

05Aug 25

Global Surfaces Limited Appoints New Auditors for UAE Subsidiary

Global Surfaces Limited's wholly owned subsidiary, Global Surfaces FZE (GSFZE), has appointed M/s. Unity Auditing and Management Consultants as its new statutory auditor for FY 2025-26. The change occurred after the completion of tenure for the previous auditors, M/s. Coast Accounting & Auditing. Unity Auditing is a JAFZA-approved firm with a valid license from the UAE Ministry of Economy. The appointment, approved at the AGM on August 5, 2025, aligns with JAFZA regulations and GSFZE's Articles of Association. This change complies with SEBI regulations and demonstrates Global Surfaces Limited's commitment to maintaining high standards of financial reporting and compliance across its subsidiaries.

30Jun 25

Global Surfaces Unveils Plan to Raise ₹155 Crore Through Equity Share Issuance

Global Surfaces Ltd has announced plans to raise up to ₹155.00 crore by issuing equity shares in multiple tranches. The specific details regarding the number of tranches, timeline, and share pricing are yet to be disclosed. This capital raise could potentially fund expansion projects, reduce debt, support R&D efforts, or strengthen the company's market position in the surfaces industry.

28May 25

Global Surfaces Reports Q4 EBITDA Loss, Revenue Slumps

Global Surfaces Ltd. has released its Q4 financial results, showing a consolidated net loss of ₹105.00 crore, unchanged from the previous year but a significant downturn from the previous quarter. The company's EBITDA turned negative at ₹19.00 crore loss, compared to a ₹162.00 crore gain in the same quarter last year. Revenue declined by 47.25% year-over-year to ₹575.00 crore from ₹1,090.00 crore. The results reflect industry-wide challenges in the surfaces sector.

09Apr 25

Global Surfaces Poised to Capitalize on New US Tariffs with UAE Facility

Global Surfaces Limited (GSL), an Indian manufacturer of engineered quartz surfaces, is poised to gain a competitive edge in the US market due to newly implemented tariffs. GSL's UAE-based facility faces a lower 10% tariff rate compared to higher rates for competitors in Vietnam, China, Malaysia, and Thailand. As the only Indian manufacturer with a UAE production facility, GSL can leverage cost and location benefits, potentially increasing its US market share. The company's advanced technology and strategic positioning are expected to drive growth in response to the changing market dynamics.