Global Surfaces Limited — Others, 28-05-2025: Change in Auditors

Global Surfaces Limited has announced a board meeting that approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, both with clean auditor reports. The Board confirmed the re-appointment of M/s. NLA & Associates as Internal Auditor and appointed M/s. Pinchaa & Co. as Secretarial Auditor for five years, subject to shareholder approval. The company plans to raise up to ₹155 Cr via equity and convertible/non-convertible securities, with authorized share capital increasing from ₹55 Cr to ₹65 Cr, also pending shareholder nod. Consolidated results showed a pre-tax loss of ₹249.28 million due to UAE subsidiary losses, while India operations posted a ₹118.78 million pre-tax profit. Standalone profit after tax was ₹78.33 million on ₹1,647.98 million revenue, supported by positive operating cash flow of ₹80.19 million, highlighting solid domestic performance and a focus on growth and financial stability.