Postal Ballot Results: Director Changes and Material Related Party Deals Approved
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Global Surfaces announced results of postal ballot concluded June 25, 2026. All four resolutions passed with requisite majority. Resolution 1: Mr. Rakesh Grover appointed Non-Executive Independent Director for 2 years from March 30, 2026. Resolution 2: Mr. Yashwant Kumar Sharma redesignated from Independent to Non-Independent Director effective July 1, 2026. Resolutions 3 and 4: Shareholders approved material related party transactions with Global Surfaces Inc. and Superior Surfaces Inc. for FY 2026-27, including for wholly owned subsidiary Global Surfaces FZE.
Board changes effective July 1, 2026. Material related party transactions cleared for FY27 with group entities. Routine governance update, no specific vote numbers disclosed.