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Incorporated in 1991, Global Surfaces Limited is engaged in processing natural stones and manufacturing engineered quartz.
Acuité Ratings downgraded Global Surfaces' long-term bank loan facilities to ACUITE BBB (Negative outlook) from ACUITE BBB+ and short-term facilities to ACUITE A3+ from ACUITE A2. This downgrade affects Rs. 143.10 Cr in facilities, reflecting continued moderation in operating performance, weakening financial risk profile, and stretched liquidity.
Global Surfaces completed converting ₹100 Cr unsecured inter-company loan into equity of its Dubai subsidiary, and approved converting another ₹110.41 Cr. Consolidated Q1 PAT stood at ₹0.06 Cr. The company also ceased operations at its loss-making Bagru Unit from March 31, 2026, due to sustained losses.