Meeting Details

  • Date and Time: Saturday, September 19, 2026 at 11:00 AM IST
  • Mode: Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Cut-off Date for Voting Eligibility: Monday, September 14, 2026
  • Remote e-Voting Period: September 16, 2026 (9:00 AM) to September 18, 2026 (5:00 PM)

Ordinary Business Agenda

Item 1: Adoption of Financial Statements

  • To receive, consider and adopt:
  • Audited Standalone Financial Statements for FY ended March 31, 2026 with reports of Board of Directors and Auditors
  • Audited Consolidated Financial Statements for FY ended March 31, 2026 with Auditor's report

Item 2: Re-appointment of Director Retiring by Rotation

  • Mrs. Sweta Shah (DIN: 06883764) retires by rotation and offers herself for re-appointment

Item 3: Appointment of Statutory Auditors

  • Resolution Type: Ordinary Resolution
  • Firm: M/s Ummed Jain & Co., Chartered Accountants (FRN: 119250W)
  • Term: 5 consecutive years from conclusion of 35th AGM until conclusion of 40th AGM
  • Remuneration: To be recommended by Audit Committee and approved by Board of Directors
  • Background: Originally appointed on December 8, 2025 to fill casual vacancy caused by resignation of M/s B. Khosla & Co., approved by members via Postal Ballot results declared January 8, 2026
  • Proposed FY27 Fees: ₹15,00,000 plus applicable taxes and out-of-pocket expenses for statutory audit including quarterly limited reviews
  • Firm Credentials: Established 1981, 14 partners, empanelled with RBI (Category I, Unique Code No. 290292) and C&AG (Empanelment No. BO-0613), peer review certificate valid until July 31, 2028

Special Business Agenda

Item 4: Re-appointment of Independent Director

  • Resolution Type: Special Resolution
  • Director: Dr. Chandan Chowdhury (DIN: 00906211)
  • Current Term: October 26, 2024 to October 25, 2026
  • Proposed Term: Second term of 2 years from October 26, 2026 to October 25, 2028
  • Qualifications: MS in Mechanical Engineering, Ph.D. from Hungarian Academy of Sciences
  • Expertise: Strategic planning, global manufacturing, operations management, corporate governance
  • FY26 Remuneration: Sitting fees of ₹0.38 million only
  • Board Meetings Attended: 6 out of 6 in FY25-26

Item 5: Re-appointment of Whole-time Director

  • Resolution Type: Special Resolution
  • Director: Mrs. Sweta Shah (DIN: 06883764)
  • Current Term: Until September 10, 2026
  • Proposed Term: 3 years from September 11, 2026 to September 10, 2029
  • Remuneration Structure:
  • Basic Salary: ₹2,50,000 per month (range ₹2,50,000 to ₹5,00,000)
  • House Rent Allowance: 40% of Basic Salary
  • Special Allowance: 60% of Basic Salary
  • Provident Fund: 12% of Basic Salary
  • Gratuity: Payable as per Code on Social Security, 2020
  • Ex-Gratia: Up to 8.33% of Basic Salary
  • Perquisites: Overall ceiling of 100% of Total Salary
  • FY26 Remuneration Drawn: ₹6.72 million
  • Shareholding: 2,399,000 shares as of March 31, 2026
  • Relationship: Spouse of Mr. Mayank Shah, Chairman and Managing Director
  • Board Meetings Attended: 6 out of 6 in FY25-26

Financial Performance Context (Standalone)

| Particulars | FY 2025-26 (₹ in Millions) | FY 2024-25 (₹ in Millions) | FY 2023-24 (₹ in Millions) |

| Revenue from Operations | 748.36 | 1,419.12 | 1,621.35 |

| Other Income | 373.93 | 228.86 | 149.49 |

| Total Income | 1,122.29 | 1,647.98 | 1,770.84 |

| Net Profit Before Tax | 164.41 | 118.78 | 257.84 |

| Net Profit After Tax | 76.12 | 78.33 | 210.64 |

Reasons for Revenue Decline and Strategic Measures

  • Revenue Decline Factors: Strategic realignment of production and export flows towards UAE facility (Global Surfaces FZE) in response to elevated tariffs on India-origin quartz exports to United States, including potential impact of Section 201 global safeguard petition filed before US International Trade Commission
  • Additional Factor: Discontinuation of Bagru Unit's natural stone processing operations effective March 31, 2026 due to sustained financial losses and significant under-utilisation of capacity
  • Improvement Steps: Investment in dual-country manufacturing model (India and UAE), product innovation including Quartzites series and Marquartz collection (patented technology), geographic diversification of customer base into newer export markets and domestic market

Shareholder Communication and Access

  • Annual Report Dispatch: Electronic copies sent on August 26, 2026 to members with registered email IDs
  • Physical Copies: Available upon request to cs@globalsurfaces.com
  • Document Availability: Notice and Annual Report available on company website (https://globalsurfaces.com), BSE, NSE, RTA website (www.bigshareonline.com), and NSDL website (www.evoting.nsdl.com)
  • Inspection: Documents available for inspection at registered office during business hours until AGM date

Voting and Participation Procedures

  • Scrutinizer: Mr. Akshit Kumar Jangid (M. No.: FCS 11285, C.P. No.: 16300), Partner of M/s. Pinchaa & Co., Company Secretaries
  • VC/OAVM Capacity: Limited to 1,000 members on first-come-first-served basis (excludes large shareholders holding 2%+, promoters, institutional investors, directors, KMPs, committee chairpersons, auditors)
  • Question Submission: Advance queries accepted until September 16, 2026, 5:00 PM IST at cs@globalsurfaces.com
  • NSDL Assistance: Contact evoting@nsdl.com or 022-4886 7000 for technical voting issues