Global Surfaces Limited has informed the Exchange regarding Change in Director(s) of the company.
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Global Surfaces Limited's Board, at its meeting on March 30, 2026, approved the appointment of Mr. Rakesh Grover (DIN: 09673773) as an Additional Non-Executive Independent Director for a term of two years, subject to shareholder approval. Mr. Grover is a former Chief General Manager of Punjab National Bank with over 37 years of experience in public sector banking, treasury, risk management, international banking and corporate governance. Separately, the Board accepted the resignation of Mr. Ashish Kumar Kachawa (DIN: 02530233) from his position as Non-Executive Non-Independent Director, effective close of business on March 30, 2026. Mr. Kachawa also resigned from the Board of Global Surfaces FZE, the company's material subsidiary in Jebel Ali Free Zone (UAE), on the same date. He cited increased professional engagements and time constraints as the reason, with no other material reasons disclosed.
The addition of a senior banking and governance professional as an Independent Director may strengthen the board's oversight and risk capabilities. The resignation appears routine and driven by personal time constraints rather than any governance concern, with no impact on day-to-day operations expected.