Global Surfaces Limited has informed the Exchange about Bagging/Receiving of orders/contracts
GSLSU · price
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On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 2.0 pts more than its Granites & Marbles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Global Surfaces FZE, a wholly-owned subsidiary of Global Surfaces Limited based in Dubai, has received a purchase order from Caesarstone Ltd worth USD 709,842 (approximately ₹6.30 crores) for the supply of engineered quartz surfaces. The order is international in nature and is expected to be executed within one month. After accounting for this new order, the company's total unexecuted order book on a consolidated basis stands at approximately ₹58 crores. The order is in the ordinary course of business and is not a related party transaction.
This is a modest new order (about ₹6.30 crores) that adds to the existing ₹58 crore order book, providing some near-term revenue visibility. Being denominated in USD, it also offers a small natural hedge against currency fluctuations, but is unlikely to materially move the stock on its own.