Integrated Filing — IndAS



General information about company

Scrip Code 543829
NSE Symbol GSLSU
MSEI Symbol NOTLISTED
ISIN INE0JSX01015
Name of company GLOBAL SURFACES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 25-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 15-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Granites & Marbles
Start date and time of board meeting 25-05-2026   13:30:00
End date and time of board meeting 25-05-2026   14:35:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 14-02-2025
Indicate Company website link for updated RPT policy of the Company https://globalsurfaces.in/frontend/images/documents/Policy%20on%20Dealing%20with%20Related%20Party%20Transactions.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Disclosure of Default of loans and Debt Securities is not applicable to the entity.



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 1,995.80 7,483.60
Other income 1,433.90 3,739.30
Total income 3,429.70 11,222.90
2 Expenses
(a) Cost of materials consumed 457.90 2,820.10
(b) Purchases of stock-in-trade 36.80 77.30
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 1,051.50 1,503.40
(d) Employee benefit expense 236.50 1,095.50
(e) Finance costs 80.60 356.80
(f) Depreciation, depletion and amortisation expense 120.40 465.30
(f) Other Expenses
1 Other Expenses 779.40 3,260.40
Total other expenses 779.40 3,260.40
Total expenses 2,763.10 9,578.80
3 Total profit before exceptional items and tax 666.60 1,644.10
4 Exceptional items 0.00 0.00
5 Total profit before tax 666.60 1,644.10
6 Tax expense
7 Current tax 103.70 304.40
8 Deferred tax 443.70 578.50
9 Total tax expenses 547.40 882.90
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 119.20 761.20
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 119.20 761.20
17 Other comprehensive income net of taxes 8.60 8.60
18 Total Comprehensive Income for the period 127.80 769.80
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 4,238.20 4,238.20
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 30,435.80
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.28 1.8
Diluted earnings (loss) per share from continuing operations 0.28 1.8
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.28 1.8
Diluted earnings (loss) per share from continuing and discontinued operations 0.28 1.8
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 2,382.80
Capital work-in-progress 0.00
Investment property 0.00
Goodwill 0.00
Other intangible assets 8.60
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 2,107.70
Trade receivables, non-current 0.00
Loans, non-current 11,049.80
Other non-current financial assets
1 Other non current financial assets 10,336.30
Total of other non-current financial assets 10,336.30
Total non-current financial assets 23,493.80
Deferred tax assets (net) 1,407.50
Other non-current assets
1 Income tax assets 390.80
2 Right of Use Assets 859.30
Total of other non-current assets 1,250.10
Total non-current assets 28,542.80
2 Current assets
Inventories 2,850.90
Current financial asset
Current investments 0.00
Trade receivables, current 4,553.80
Cash and cash equivalents 9.40
Bank balance other than cash and cash equivalents 30.30
Loans, current 24.50
Other current financial assets
Total of other current financial assets 4,641.50
Total current financial assets 9,259.50
Current tax assets (net)
Other current assets
1 Other current assets 513.30
Total of other current assets 513.30
Total current assets 12,623.70
3 Non-current assets classified as held for sale 429.10
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 41,595.60
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 4,238.20
Other equity 30,435.80
Total equity attributable to owners of parent 34,674.00
Non controlling interest
Total equity 34,674.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 143.20
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Lease liabilities 59.70
Total of other non-current financial liabilities 59.70
Total non-current financial liabilities 202.90
Provisions, non-current 28.60
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 231.50
Current liabilities
Current financial liabilities
Borrowings, current 4,565.50
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 302.90
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1,182.60
Total Trade payable 1,485.50
Other current financial liabilities
1 Other current financial liabilities 169.80
Total of other current financial liabilities 169.80
Total current financial liabilities 6,220.80
Other current liabilities 241.30
1 Other current liabilities 241.30
Total of other current liabilities 241.30
Provisions, current 24.30
Current tax liabilities (Net) 203.70
Deferred government grants, Current
Total current liabilities 6,690.10
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 6,921.60
Total equity and liabilites 41,595.60
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of post-employment benefit obligations 12.10 12.10
Total Amount of items that will not be reclassified to profit and loss 12.10 12.10
2 Income tax relating to items that will not be reclassified to profit or loss 3.50 3.50
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 8.60 8.60



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1,644.10
Adjustments for reconcile profit (loss)
Adjustments for finance costs 356.80
Adjustments for decrease (increase) in inventories 2,026.40
Adjustments for decrease (increase) in trade receivables, current 1,422.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (921.20)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 9.40
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 465.30
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 104.90
Adjustments for provisions, current 5.80
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current (366.40)
Adjustments for unrealised foreign exchange losses gains (2,103.80)
Adjustments for dividend income 0.00
Adjustments for interest income 1,376.70
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (32.80)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (410.30)
Net cash flows from (used in) operations 1,233.80
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 42.10
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 1,191.70
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 65.20
Purchase of property, plant and equipment 297.40
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 17.80
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 230.60
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 1.50
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (1.40)
Net cash flows from (used in) investing activities (444.90)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 478.50
Payments of lease liabilities 6.80
Dividends paid 0.00
Interest paid 357.70
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (843.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (96.20)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (96.20)
Cash and cash equivalents cash flow statement at beginning of period 105.60
Cash and cash equivalents cash flow statement at end of period 9.40





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s. Ummed Jain & Co. Yes 31-07-2028


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Global Surfaces Limited Divine Surfaces Private Limited Entities under control of relatives of KMP Any other transaction Trade Receivable 0.00 Approved 0.00 5.70 5.70
2 Global Surfaces Limited Global Mining Company Entities under control of Director Sale of goods or services 20.00 Approved 0.80 7.50 8.40
3 Global Surfaces Limited Global Surfaces FZE Wholly owned Subsidiary Sale of goods or services 10,000.00 Approved 51.50 622.30 629.30
4 Global Surfaces Limited Global Surfaces FZE Wholly owned Subsidiary Any other transaction Management Fees (Income) 1,000.00 Approved 46.30 0.00 0.00
5 Global Surfaces Limited Global Surfaces FZE Wholly owned Subsidiary Any other transaction Guarantee Commission (Income) 250.00 Approved 82.40 392.50 501.20
6 Global Surfaces Limited Global Surfaces FZE Wholly owned Subsidiary Purchase of goods or services 2,000.00 Approved 0.00 24.10 25.70
7 Global Surfaces Limited Global Surfaces FZE Wholly owned Subsidiary Interest received 1,500.00 Approved 712.80 2,278.70 3,135.20
8 Global Surfaces Limited Global Surfaces FZE Wholly owned Subsidiary Loan 3,000.00 Approved 275.20 0.00 0.00 Loan 6.300 7 years Unsecured Principle Business Activities
9 Global Surfaces Limited Global Surfaces FZE Wholly owned Subsidiary Any other transaction Advance given for Supply of Goods or Services 1,000.00 Approved 0.00 869.90 926.00
10 Global Surfaces Limited Global Surfaces FZE Wholly owned Subsidiary Any other transaction Corporate Guarantee issued 0.00 Approved 0.00 15,790.80 15,790.80 Textual Information(1)
11 Global Surfaces Limited Global Surfaces FZE Wholly owned Subsidiary Investment 0.00 Approved 0.00 2,013.00 2,013.00
12 Global Surfaces Limited Global Surfaces FZE Wholly owned Subsidiary Any other transaction conversion of Loan into Equity 10,281.40 Approved 10,281.40 0.00 10,281.40 Textual Information(2)
13 Global Surfaces Limited Global Surfaces FZE Wholly owned Subsidiary Loan 0.00 Approved (10,281.40) 19,974.70 11,049.80 Textual Information(3)
14 Global Surfaces Limited Global Surfaces Inc Subsidiary Sale of goods or services 10,000.00 Approved 1,516.50 1,565.80 1,899.10
15 Global Surfaces Limited Global Surfaces Inc Subsidiary Any other transaction Management Fees (Income) 25.00 Approved 7.40 0.00 0.00
16 Global Surfaces Limited Global Surfaces Inc Subsidiary Any other transaction Advance received for Supply of Goods or Services 200.00 Approved (59.10) 59.10 0.00 Textual Information(4)
17 Global Surfaces Limited Global Surfaces Inc Subsidiary Investment 0.00 Approved 0.00 7.40 7.40
18 Global Surfaces Limited Global Surfaces Inc Subsidiary Any other transaction Trade Receivable 0.00 Approved 0.00 0.00 66.20
19 Global Surfaces Limited Mridvika Shah Relatives of KMP Remuneration 12.00 Approved 6.00 0.00 0.00
20 Global Surfaces Limited Orange Monkey Media Entities under control of relatives of KMP Purchase of goods or services 300.00 Approved 0.00 2.60 2.00
21 Global Surfaces Limited Superior Surfaces INC Subsidiary Sale of goods or services 2,000.00 Approved 177.80 469.60 542.90
22 Global Surfaces Limited Superior Surfaces INC Subsidiary Investment 0.00 Approved 0.00 87.40 87.40
23 Global Surfaces Limited Sweta Shah Key Managerial Personnel Remuneration 70.00 Approved 35.40 (1.80) 0.00
24 Global Surfaces Limited Sweta Shah Key Managerial Personnel Purchase of goods or services 15.00 Approved 6.60 0.00 0.00
25 Global Surfaces Limited Sweta Shah Key Managerial Personnel Any other transaction Reimbursement of Expenses 68.70 Approved 68.70 0.00 0.00
26 Global Surfaces Limited Vi Valdi Lifestyle Entity controlled by Joint Venture Partner Purchase of goods or services 52.80 Approved 52.80 0.00 0.00
27 Global Surfaces FZE Global Surfaces Inc Fellow Subsidiary Any other transaction Advance received for Supply of Goods or Services 200.00 Approved 0.80 572.30 153.80
28 Global Surfaces FZE Mayank Shah Key Managerial Personnel Remuneration 400.00 Approved 239.50 (18.20) 74.60
29 Global Surfaces FZE Superior Surfaces INC Fellow Subsidiary Sale of goods or services 5,000.00 Approved 0.00 372.90 396.90
Total value of transaction during the reporting period 3,221.40



Text Block

Textual Information(1) No fresh guarantee was issued during the half-year ended March 31, 2026. The balance represents the contingent liability outstanding as at March 31, 2026.
Textual Information(2) The Board of Directors of Global Surfaces Limited, at its meeting held on March 18, 2026, approved conversion of a portion of the outstanding unsecured inter-company loan aggregating to INR 1,000 Million (equivalent to USD 11,120,997 at INR 89.92 per USD and AED 40,842,200 at 3.6725 USD/AED), as on the reference date of December 31, 2025. The carrying value of this loan, after foreign exchange adjustments, was INR 1,028.14 Million as on the conversion date. This is a non-cash reclassification from Loan to Subsidiary to Share Capital Money Pending Allotment in the books of Global Surfaces Limited. No fresh funds were deployed. As allotment of equity shares was pending completion as at March 31, 2026, the amount has been classified as advance towards equity / share subscription.
Textual Information(3) Loan repayment due to conversion of loan into equity, reflects the corresponding extinguishment of the loan balance and is not a cash repayment.
Textual Information(4) The advance given to Global Surfaces Inc. for supply of goods, which stood at ₹5.91 Mn at the commencement of the half-year, has been reclassified to trade receivables upon supply of goods. The corresponding trade receivable balance is reflected in Row 18.