Vatsankit Shah has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
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Global Surfaces Limited's promoter group member Vatsankit Shah Trust is being dissolved, and its 8,45,906 equity shares (2.00% of paid-up capital) are being transferred to Mr. Vatsankit Shah, the sole beneficiary, upon him attaining majority. The transfer is off-market, without consideration, and qualifies as an inter-se transfer under Regulation 10(1)(a)(ii) of SEBI SAST Regulations, exempting it from open offer requirements. The aggregate shareholding of the Promoter and Promoter Group remains unchanged before and after the transaction. The intimation under Regulation 10(5) was filed on March 12, 2026, and the actual transfer was completed on March 20, 2026.
This is an internal reshuffling within the promoter group with no change in total promoter ownership, so there is no impact on the company's shareholding structure or public float. Shareholders should view this as a routine administrative event (trust dissolution) with no material effect on stock price.