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 Consolidated
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 Geographical
Description of single segment
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



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 Consolidated Consolidated
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 574700000 2076440000
Other income 1110000 72380000
Total income 575810000 2148820000
2 Expenses
(a) Cost of materials consumed 268390000 1081390000
(b) Purchases of stock-in-trade 3610000 51150000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 20590000 -120920000
(d) Employee benefit expense 75610000 289890000
(e) Finance costs 48170000 154390000
(f) Depreciation, depletion and amortisation expense 47970000 186560000
(f) Other Expenses
1 Other Expenses 225780000 755640000
Total other expenses 225780000 755640000
Total expenses 690120000 2398100000
3 Total profit before exceptional items and tax -114310000 -249280000
4 Exceptional items 0 0
5 Total profit before tax -114310000 -249280000
6 Tax expense
7 Current tax -5080000 25000000
8 Deferred tax 920000 14720000
9 Total tax expenses -4160000 39720000
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 -110150000 -289000000
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 -110150000 -289000000
17 Other comprehensive income net of taxes 2070000 4160000
18 Total Comprehensive Income for the period -108080000 -284840000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent -105010000 -285350000
Total profit or loss, attributable to non-controlling interests -5140000 -3650000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent -102860000 -281650000
Total comprehensive income for the period attributable to owners of parent non-controlling interests -5220000 -3190000
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 2599580000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -2.48 -6.73
Diluted earnings (loss) per share from continuing operations -2.48 -6.73
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 -2.48 -6.73
Diluted earnings (loss) per share from continuing and discontinued operations -2.48 -6.73
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 Consolidated
Assets
1 Non-current assets
Property, plant and equipment 2375070000
Capital work-in-progress 0
Investment property
Goodwill 0
Other intangible assets 1930000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0
Trade receivables, non-current
Loans, non-current 60000
Other non-current financial assets 31190000
Total non-current financial assets 31250000
Deferred tax assets (net) 198940000
Other non-current assets 547580000
Total non-current assets 3154770000
2 Current assets
Inventories 947550000
Current financial asset
Current investments 1710000
Trade receivables, current 1276900000
Cash and cash equivalents 27770000
Bank balance other than cash and cash equivalents 44130000
Loans, current 7620000
Other current financial assets 7700000
Total current financial assets 1365830000
Current tax assets (net)
Other current assets 107230000
Total current assets 2420610000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 5575380000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 423820000
Other equity 2599580000
Total equity attributable to owners of parent 3023400000
Non controlling interest 16490000
Total equity 3039890000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 522960000
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 473570000
Total non-current financial liabilities 996530000
Provisions, non-current 10430000
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 1006960000
Current liabilities
Current financial liabilities
Borrowings, current 998020000
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 402460000
Total Trade payable 461440000
Other current financial liabilities 33320000
Total current financial liabilities 1492780000
Other current liabilities 28230000
Provisions, current 3460000
Current tax liabilities (Net) 4060000
Deferred government grants, Current
Total current liabilities 1528530000
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 2535490000
Total equity and liabilites 5575380000
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 Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 India 296010000 1419120000
2 United States of America 142740000 831410000
3 United Arab Emirates 270530000 643660000
Total Segment Revenue 709280000 2894190000
Less: Inter segment revenue 134580000 134580000
Revenue from operations 574700000 2076440000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 India -44330000 118780000
2 United States of America -11680000 -7440000
3 United Arab Emirates -50590000 -358740000
Total Profit before tax -106600000 -247400000
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income 7710000 7710000
Profit before tax -114310000 -249280000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 India 4174490000 4174490000
2 United States of America 460740000 460740000
3 United Arab Emirates 3955340000 3955340000
Total Segment Asset 8590570000 8590570000
Un-allocable Assets -3015190000 -3015190000
Net Segment Asset 5575380000 5575380000
4 Segment Liabilities
Segment Liabilities
1 India 781400000 781400000
2 United States of America 416810000 416810000
3 United Arab Emirates 4037140000 4037140000
Total Segment Liabilities 5235350000 5235350000
Un-allocable Liabilities -2699860000 -2699860000
Net Segment Liabilities 2535490000 2535490000
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 Consolidated Consolidated
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
1 Exchange difference on translation of foreign operation 1750000 4050000
Total Amount of items that will be reclassified to profit and loss 1750000 4050000
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 2070000 4160000



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 Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax -249280000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 154390000
Adjustments for decrease (increase) in inventories -180000000
Adjustments for decrease (increase) in trade receivables, current -186160000
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 0
Adjustments for other financial assets, current -38350000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 74510000
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 186560000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 9590000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 16490000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains -71080000
Adjustments for dividend income 0
Adjustments for interest income 140000
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 -1800000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 16500000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -19490000
Net cash flows from (used in) operations -268770000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 43480000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -312250000
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 8550000
Purchase of property, plant and equipment 46740000
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 0
Cash receipts from repayment of advances and loans made to other parties -6260000
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 140000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -15610000
Net cash flows from (used in) investing activities -59920000
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 539000000
Repayments of borrowings 0
Payments of lease liabilities 11630000
Dividends paid 0
Interest paid 153300000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 374070000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1900000
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 1900000
Cash and cash equivalents cash flow statement at beginning of period 25870000
Cash and cash equivalents cash flow statement at end of period 27770000





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