Global Surfaces Limited has informed the Exchange about Disclosure Under Regulation 29 (2) Of SEBI Takeover Regulations received from Promoter Group Regarding Inter Se Transfer Of Shares Among Promoter Group.
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Global Surfaces Limited informed the exchanges about an off-market inter-se transfer of 8,45,906 equity shares (2.00% of paid-up capital) from Vatsankit Shah Trust to Vatsankit Shah, the sole beneficiary of the trust. The transfer happened on March 20, 2026, following the dissolution/termination of the trust and distribution of trust assets to the beneficiary. The total share capital of the company remains unchanged at 4,23,81,818 equity shares. Since both entities belong to the promoter group, the overall promoter shareholding in the company does not change with this transaction.
This is a routine internal restructuring within the promoter group and is neutral for shareholders. There is no change in the total promoter shareholding or the company's capital structure, so it is unlikely to have any material impact on the stock price.