Global Surfaces Limited — JV/Acquisition, 18-03-2026: Acquisition

Global Surfaces has approved converting an additional ₹50 Cr unsecured loan to its wholly-owned subsidiary, Global Surfaces FZE, into equity. This follows a prior ₹50 Cr conversion, totaling ₹100 Cr in balance sheet strengthening. The move aims to boost FZE's financial health, reduce finance costs, and support its ongoing ramp-up phase in engineered quartz manufacturing. This capital restructuring, not a new acquisition, involves no cash outflow for the parent company, enhancing the subsidiary's long-term sustainability and future profitability.