Global Surfaces Limited — Others, 30-06-2025: Shareholders meeting

Global Surfaces Limited has announced a board meeting to approve several key decisions approved via postal ballot. Shareholders approved material related party transactions with its subsidiaries for up to ₹150 Cr during FY 2025-26. The company also secured approval to raise funds up to ₹155 Cr through issuance of equity shares and/or convertible securities via public, private, or qualified institutional placements, with full flexibility on pricing, timing, and investor categories. Additionally, the authorised share capital will be increased from ₹55 Cr to ₹65 Cr to support this fundraise and other corporate actions. These moves aim to strengthen the company’s financial flexibility and growth prospects.