Key Quantitative Correction

The figures for "Cost of materials consumed" and "Changes in inventories of finished goods and work-in-progress" were interchanged in the original filing. The corrected figures are:

  • Cost of materials consumed: Originally filed as ₹410.97 million, corrected to ₹224.31 million.
  • Changes in inventories of finished goods and work-in-progress: Originally filed as (₹89.59) million, corrected to ₹97.07 million.

The company confirms that this is a pure reclassification between these two line items only. There is no impact on the following key metrics, which remain unchanged from the original filing:

  • Total Expenses: ₹651.27 million
  • Total Income: ₹656.11 million
  • Profit Before Tax: ₹4.84 million
  • Profit After Tax: ₹0.64 million
  • Total Comprehensive Income: ₹0.32 million
  • Earnings Per Share (Basic and Diluted): ₹0.04

Consolidated Financial Results Summary (Quarter Ended June 30, 2026)

  • Revenue from Operations: ₹654.19 million
  • Other Income: ₹1.92 million
  • Total Income: ₹656.11 million
  • Total Expenses: ₹651.27 million
  • Profit/(Loss) Before tax: ₹4.84 million
  • Tax Expense: ₹4.20 million (Current Tax: ₹5.12 million, Deferred Tax: (₹0.92) million)
  • Profit/(Loss) after Tax: ₹0.64 million
  • Other Comprehensive Loss: (₹0.32) million
  • Total Comprehensive Income/(Loss): ₹0.32 million
  • Profit attributable to Owners of the Company: ₹1.50 million
  • Profit/(Loss) attributable to Non-Controlling Interest: (₹0.86) million
  • Paid-up Equity Share Capital: ₹423.82 million (Face Value of ₹10 each)
  • Earnings per equity share (Basic and Diluted): ₹0.04

Segment Information (Revenue)

The group's revenue is segmented geographically:

  • India: ₹221.32 million
  • United States of America: ₹124.79 million
  • United Arab Emirates: ₹408.07 million
  • Intersegment Eliminations: (₹99.99) million

Subsidiary Information & Auditor's Review

The consolidated results include the following entities:

1. Global Surfaces Limited (Holding Company)

2. Global Surfaces FZE (Wholly owned subsidiary, 100% holding)

3. Global Surfaces LLC (Subsidiary, 99.90% holding)

4. Superior Surfaces INC (Subsidiary, 50% holding)

The financial results include data from foreign subsidiaries. The results of one foreign subsidiary (total income ₹407.73 million, net loss ₹30.57 million) were reviewed by its independent auditors and converted to Indian accounting principles by management. The results of another foreign subsidiary (total income ₹12.91 million, net loss ₹1.72 million) were prepared directly by the holding company's management.

The limited review of the consolidated results was performed by UMME O JAIN & CO., Chartered Accountants (FRN: 119250W). Their report, signed by CA U.M. Jain (Partner, M. No. 070863), is dated August 10, 2026, and issued from Jaipur. They concluded that nothing came to their attention to suggest the statement contains any material misstatement.

Other Key Disclosures

  • Loan to Equity Conversion (Completed): An unsecured inter-company loan of USD 11,120,997 (equivalent to INR 1,000 million as of December 31, 2025) was converted into equity shares of Global Surfaces FZE on June 17, 2026. This was approved by the Board on February 3, 2026, and March 18, 2026.
  • Loan to Equity Conversion (Proposed): The Board, on the recommendation of the Audit Committee, has approved the conversion of a further portion of the unsecured loan amounting to AED 3,000,000 and USD 10,857,591 (aggregating to INR 1,104.41 million as of June 30, 2026) into equity shares of the subsidiary. This will be done at a valuation determined by an independent valuer and involves no cash outflow.
  • Discontinuation of Bagru Unit: Operations at the Bagru Unit (natural stone processing) were discontinued effective March 31, 2026, due to sustained financial and cash losses and capacity under-utilisation. An orderly closure process is underway.