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Global Surfaces Limited — Major Shareholding Notification 2026
Mar 24, 2026
59635_rns_2026-03-24_cfd4c311-c528-498a-88b3-a7a80adb2759.pdf
Major Shareholding Notification
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Vatsankit Shah (c/o Mr. Mayank Shah)
18-19, Suraj Nagar West Income Tax Colony, Chandra Path, Ajmer Road,
Jaipur Rajasthan, India 302006
Date : March 23, 2026
To, BSE Limited, National Stock Exchange of India Ltd , P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai — 400 001 Bandra (East), Mumbai - 400 051
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Sub.: Report under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI SAST Regulations”) - Off-market inter-se transfer of equity shares among Promoter Group
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Ref.: Global Surfaces Limited (ISIN: INE0JSX01015) | NSE Symbol: GSLSU | BSE Scrip Code: 543829
Dear Sir/Madam,
In continuation of the our prior intimation submitted on March 12, 2026 under Regulation 10(5) of the SEBI SAST Regulations, I hereby submit the report/disclosure in the prescribed format under Regulation 10(6) of the SEBI SAST Regulations in relation to an off-market inter-se transfer of 8,45,906 equity shares of Global Surfaces Limited, representing 2.00% of the paid-up equity share capital of the Target Company.
The aforesaid transfer, being an inter-se transfer among persons belonging to the Promoter Group, is exempt under Regulation 10(1)(a)(ii) of the SEBI SAST Regulations. The aggregate shareholding of the Promoter and Promoter Group of the Target Company remains unchanged before and after the transaction.
The report in the prescribed format under Regulation 10(6) is enclosed for your kind information and record.
You are requested to take the same on record and disseminate to all concerned.
Thanking You, Yours faithfully, _____ Vatsankit Shah Promoter Group/ Acquirer
Encl: a/a
Cc: Company Secretary and Compliance Officer, Global Surfaces Limited
PA-10-006 Engineering and Related Indus SEZ, Mahindra World City Teh-, Sanganer, Jaipur, Rajasthan, India, 302037
Vatsankit Shah (c/o Mr. Mayank Shah) 18-19, Suraj Nagar West Income Tax Colony, Chandra Path, Ajmer Road, Jaipur Rajasthan, India 302006
– Disclosure under Regulation 10(6) Report to Stock Exchanges in respect of any acquisition made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI (SAST) Regulations”)
| 1. | Name oftheTarget Company (TC) | GlobalSurfacesLimited |
|---|---|---|
| 2. | Name of the acquirer(s) | Vatsankit Shah |
| 3. | Name of the Stock Exchange where shares of the TC are listed |
BSE Limited (BSE Scrip Code:543829) National Stock Exchange of India Limited (NSE Symbol: GSLSU) |
| 4. | Details of the transaction including rationale, if any, for the transfer/ acquisition of shares. |
M/s. Vatsankit Shah Trust was created for the benefit of Mr. Vatsankit Shah during his minority, with Mr. Mayank Shah and Mrs. Sweta Shah acting as trustees. The Trust currently holds 8,45,906 (2.00%) equity shares of Global Surfaces Limited and is disclosed as part of the Promoter Group of the Target Company. Pursuant to Mr. Vatsankit Shah attaining majority and in accordance with the terms of the trust deed / trust arrangement, the Trust is being dissolved, and the assets held by the Trust, including the aforesaid equity shares of the Target Company, are to be transferred to Mr. Vatsankit Shah, being the sole beneficiary. Since the Transferor (the Trust) and the Transferee/Acquirer (Mr. Vatsankit Shah) belong to the Promoter Group of the Target Company (as disclosed in the shareholding pattern filed with the Stock Exchanges and the Prospectus), the proposed transfer constitutes an inter-se transfer among persons belonging to the Promoter Group and accordingly qualifies for exemption under Regulation 10(1)(a)(ii) of the SEBI SAST Regulations, subject to compliance with the applicable conditions. |
| 5. | Relevant regulation under which the acquirer is exempted from making open offer. |
Regulation 10(1)(a)(ii) of the SEBI (SAST) Regulations |
| 6. | Whether disclosure of proposed acquisition was required to be made under regulation 10 (5) and if so, • whether disclosure was made and whether it was made within the timeline specified under the regulations. • date of filing with the stock exchange |
Yes, the disclosure under regulation 10(5) of the SEBI (SAST) Regulations was made within the timeline specified under the Regulations. Date of filing: March 12, 2026 |
Vatsankit Shah (c/o Mr. Mayank Shah)
18-19, Suraj Nagar West Income Tax Colony, Chandra Path, Ajmer Road,
Jaipur Rajasthan, India 302006
| 7. | Details of acquisition | Details of acquisition | Details of acquisition | Disclosures required to be made under regulation 10(5) |
Disclosures required to be made under regulation 10(5) |
Whether the disclosures under regulation 10(5) are actuallymade |
Whether the disclosures under regulation 10(5) are actuallymade |
|---|---|---|---|---|---|---|---|
| a. | Name of the transferor / seller | Vatsankit Shah Trust | Yes | ||||
| b. | Date of acquisition | March 20, 2026 | |||||
| c. | Number of shares/ voting rights in respect of the acquisitions from each person mentionedin7(a) above |
8,45,906 Equity Shares | |||||
| d. | Total shares proposed to be acquired / actually acquired as a % of diluted share capital of TC |
2.00% | |||||
| e. | Price at which shares are proposed to be acquired / actually acquired |
Not Applicable as this is a transfer without consideration, by way of distribution by Trust (who is a member of promoter group) to its beneficiary. |
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| 8. | Shareholding Details | Pre- Transaction | Post Transaction | ||||
| No. of shares held |
% w.r.t total share capital of TC |
No. of shares held |
% w.r.t total share capital of TC |
||||
| A | **Acquirer ** | ||||||
| Vatsankit Shah | 0 | 0 | 8,45,906 | 2.00% | |||
| B | Seller | ||||||
| M/s. Vatsankit Shah Trust | 8,45,906 | 2.00% | 0 | 0 |
Notes:
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(*) Shareholding of each entity may be shown separately and then collectively in a group.
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The above disclosure shall be signed by the acquirer mentioning date & place. In case, there is more than one acquirer, the report shall be signed either by all the persons or by a person duly authorized to do so on behalf of all the acquirers.
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_____ Vatsankit Shah Promoter Group/ Acquirer
Date: March 23, 2026 Place: Boston, Massachusetts