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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 28-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-May-2025
Description of presentation currency INR (in Actuals)
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 28-May-2025   18:35:00
End date and time of board meeting 28-May-2025   19:30:00
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 2025-02-14
Indicate Company website link for updated RPT policy of the Company https://globalsurfaces.in/investor-relations/corporate-governance/
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. n



Financial Results Ind-AS
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 296010000 1419120000
Other income 30820000 228860000
Total income 326830000 1647980000
2 Expenses
(a) Cost of materials consumed 138840000 748350000
(b) Purchases of stock-in-trade -7510000 3300000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 25150000 38400000
(d) Employee benefit expense 36700000 143890000
(e) Finance costs 18060000 45400000
(f) Depreciation, depletion and amortisation expense 15590000 60170000
(f) Other Expenses
1 Other Expenses 144340000 489690000
Total other expenses 144340000 489690000
Total expenses 371170000 1529200000
3 Total profit before exceptional items and tax -44340000 118780000
4 Exceptional items 0 0
5 Total profit before tax -44340000 118780000
6 Tax expense
7 Current tax -4120000 25730000
8 Deferred tax 920000 14720000
9 Total tax expenses -3200000 40450000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -41140000 78330000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period -41140000 78330000
17 Other comprehensive income net of taxes 320000 110000
18 Total Comprehensive Income for the period -40820000 78440000
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 423820000 423820000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 2969280000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.97 1.85
Diluted earnings (loss) per share from continuing operations -0.97 1.85
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 -0.97 1.85
Diluted earnings (loss) per share from continuing and discontinued operations -0.97 1.85
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
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 293080000
Capital work-in-progress
Investment property
Goodwill 0
Other intangible assets 1630000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 210770000
Trade receivables, non-current
Loans, non-current 1925150000
Other non-current financial assets 8640000
Total non-current financial assets 2144560000
Deferred tax assets (net) 198950000
Other non-current assets 138310000
Total non-current assets 2776530000
2 Current assets
Inventories 487730000
Current financial asset
Current investments 1710000
Trade receivables, current 573550000
Cash and cash equivalents 10560000
Bank balance other than cash and cash equivalents 2900000
Loans, current 6860000
Other current financial assets 274440000
Total current financial assets 870020000
Current tax assets (net)
Other current assets 40220000
Total current assets 1397970000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 4174500000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 423820000
Other equity 2969280000
Total equity attributable to owners of parent 3393100000
Non controlling interest
Total equity 3393100000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 17590000
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 9110000
Total non-current financial liabilities 26700000
Provisions, non-current 4450000
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 31150000
Current liabilities
Current financial liabilities
Borrowings, current 472730000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 58980000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 183580000
Total Trade payable 242560000
Other current financial liabilities 11800000
Total current financial liabilities 727090000
Other current liabilities 21700000
Provisions, current 1460000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 750250000
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 781400000
Total equity and liabilites 4174500000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts 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
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
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 Remeasurements of post-employment benefit obligations 450000 150000
Total Amount of items that will not be reclassified to profit and loss 450000 150000
2 Income tax relating to items that will not be reclassified to profit or loss 130000 40000
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 320000 110000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 118780000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 45400000
Adjustments for decrease (increase) in inventories 37230000
Adjustments for decrease (increase) in trade receivables, current -25360000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current -9140000
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 14600000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 60170000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 1610000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 7640000
Adjustments for unrealised foreign exchange losses gains -63940000
Adjustments for dividend income 0
Adjustments for interest income 123590000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -1600000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 18390000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -38590000
Net cash flows from (used in) operations 80190000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 41800000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 38390000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 8350000
Purchase of property, plant and equipment 17690000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 126180000
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 67670000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 4130000
Net cash flows from (used in) investing activities -63720000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 79700000
Repayments of borrowings 0
Payments of lease liabilities 510000
Dividends paid 0
Interest paid 45300000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 33890000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 8560000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 8560000
Cash and cash equivalents cash flow statement at beginning of period 2000000
Cash and cash equivalents cash flow statement at end of period 10560000





Details of Impact of Audit Qualification
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 B Khosla & Co. Yes 31-Aug-2025


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 Global Mining Company Entities under control of Director Sale of goods or services 2000000 NA 80000 0 0
2 Global Surfaces Limited Superior Surfaces INC Subsidiary Sale of goods or services 500000000 Subject to the Approval of Shareholders for Material Related Party Transaction. 3060000 0 0 Textual Information(1)
3 Global Surfaces Limited Global Surfaces Inc Subsidiary Sale of goods or services 1000000000 Subject to the Approval of Shareholders for Material Related Party Transaction. 314580000 0 0 Textual Information(2)
4 Global Surfaces Limited Global Surfaces FZE Subsidiary Sale of goods or services 200000000 NA 5100000 0 0
5 Global Surfaces Limited Mayank Shah Key Managerial Personnel Sale of goods or services 2500000 NA 1200000 0 0
6 Global Surfaces Limited Sweta Shah Key Managerial Personnel Sale of goods or services 2000000 NA 130000 0 0
7 Global Surfaces Limited Divine Surfaces Private Limited Entities under control of relatives of KMP Sale of goods or services 50000000 NA 570000 0 570000
8 Global Surfaces Limited Mayank Shah Key Managerial Personnel Remuneration 23800000 NA 14510000 -4470000 -2400000
9 Global Surfaces Limited Sweta Shah Key Managerial Personnel Remuneration 7000000 NA 3770000 -830000 -550000
10 Global Surfaces Limited Kamal Kumar Somani Key Managerial Personnel Remuneration 4000000 NA 1970000 -50000 0
11 Global Surfaces Limited Dharam Singh Rathore Key Managerial Personnel Remuneration 2000000 NA 810000 0 0
12 Global Surfaces Limited Orange Monkey Media Entities under control of relatives of KMP Purchase of goods or services 35000000 NA 5190000 0 0
13 Global Surfaces Limited Sweta Shah Key Managerial Personnel Purchase of goods or services 1200000 NA 600000 0 0
14 Global Surfaces Limited Global Surfaces FZE Subsidiary Loan 170000000 NA 39270000 1885820000 1925090000 Loan 0.0733 7 Years Unsecured Principle Business Activities Textual Information(3)
15 Global Surfaces Limited Global Surfaces FZE Subsidiary Investment 0 NA 0 201300000 201300000
16 Global Surfaces Limited Global Surfaces Inc Subsidiary Investment 0 NA 0 740000 740000
17 Global Surfaces Limited Superior Surfaces INC Subsidiary Investment 0 NA 0 8740000 8740000
18 Global Surfaces Limited Global Surfaces FZE Subsidiary Interest received 200000000 NA 53970000 164590000 154530000
19 Global Surfaces Limited Global Surfaces FZE Subsidiary Any other transaction Advance Given for Supply of Goods/Services 25000000 NA -9960000 93610000 83650000
20 Global Surfaces Limited Global Surfaces Inc Subsidiary Any other transaction Management Fees Income 2500000 NA 680000 0 0
21 Global Surfaces Limited Global Surfaces FZE Subsidiary Any other transaction Guarantee Commission Income 20000000 NA 8830000 21160000 29990000
22 Global Surfaces Limited Mridvika Shah Relatives of KMP Any other transaction Training Expenses 5000000 NA 0 0 0
23 Global Surfaces Limited Yashwant Kumar Sharma Independent Director Any other transaction Sitting Fees 410000 NA 180000 0 0
24 Global Surfaces Limited Sudhir Baxi Independent Director Any other transaction Sitting Fees 370000 NA 160000 0 0
25 Global Surfaces Limited Dinesh Kumar Govil Independent Director Any other transaction Sitting Fees 90000 NA 0 0 0
26 Global Surfaces Limited Global Surfaces FZE Subsidiary Any other transaction Corporate Guarantee issued 798810000 NA 30280000 1552710000 1582980000 Textual Information(4)
27 Global Surfaces Limited Ashish Kumar Kachawa Non-executive Director Any other transaction Fees Payable 0 NA -40000 220000 180000
28 Global Surfaces Limited Global Surfaces FZE Subsidiary Any other transaction Trade Payable 0 NA 70000 1890000 1960000
29 Global Surfaces Limited Global Mining Company Entities under control of Director Any other transaction Trade Receivables 0 NA 0 560000 660000
30 Global Surfaces Limited Superior Surfaces INC Subsidiary Any other transaction Trade Receivables 0 NA 0 89320000 86570000
31 Global Surfaces Limited Global Surfaces FZE Subsidiary Any other transaction Trade Receivables 0 NA 0 6400000 29580000
32 Global Surfaces Limited Global Surfaces Inc Subsidiary Any other transaction Trade Receivables 0 NA 0 265740000 234650000
33 Global Surfaces Limited Global Surfaces Inc Subsidiary Any other transaction Advance received for Supply of Goods/Services 20000000 NA 740000 4300000 5030000
34 Global Surfaces Limited Orange Monkey Media Entities under control of relatives of KMP Any other transaction Trade Payable 0 NA -230000 880000 650000
35 Global Surfaces Limited Global Surfaces FZE Subsidiary Any other transaction Management Fees Income 17650000 NA 17650000 0 0
36 Global Surfaces Limited Chandan Chowdhury Independent Director Any other transaction Sitting Fees 100000 NA 100000 0 0
37 Global Surfaces FZE Mayank Shah Director Remuneration 6110000 NA 4060000 1370000 560000
38 Global Surfaces FZE Ashish Kumar Kachawa Director Any other transaction Fees 2000000 NA 660000 330000 220000
39 Global Surfaces FZE Global Surfaces Inc Fellow Subsidiary Any other transaction Advance received for Supply of Goods/Services 300000000 NA 0 18290000 94930000
40 Global Surfaces FZE Superior Surfaces INC Fellow Subsidiary Sale of goods or services 500000000 NA 1940000 61290000 55930000
Total value of transaction during the reporting period 499930000



Text Block
Textual Information(1) Pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, approval of the shareholders for entering into Material Related Party Transactions was obtained through a resolution passed by way of Postal Ballot on July 25, 2024.
Textual Information(2) Pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, approval of the shareholders for entering into Material Related Party Transactions was obtained through a resolution passed by way of Postal Ballot on July 25, 2024.
Textual Information(3) The increase/decrease in the loan amount and the corresponding closing balance includes adjustments arising from foreign exchange fluctuations.
Textual Information(4) Corporate Guarantees have been extended by the Company in favour of Banks/Financial Institutions to secure the credit facilities availed by its Wholly Owned Subsidiary.