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Related Party Transactions 30.09.2024

General information about company
Name of The Company GLOBAL SURFACES LIMITED
BSE Scrip Code 543829
NSE Symbol GSLSU
MSE Symbol NOTLISTED
Date of Start of Financial Year 01-04-2024
Date of End of Financial Year 31-03-2025
Reporting Period First half yearly
Date of Start of Reporting Period 01-04-2024
Date of End of Reporting Period 30-09-2024
Level of rounding to be used in disclosing related party transactions Millions
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
 
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of bank’s staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a ‘high value debt listed entity’ according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 29-05-2024
Indicate Company website link for updated RPT policy of the Company https://globalsurfaces.in/investor-relations/corporate-governance/
 

Related party transactions
Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Sr No. Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Global Surfaces Limited Global Mining Company Entities under control of Director Sale of goods or services 2 NA 0.08 0 0 Textual Information(1)
2 Global Surfaces Limited Superior Surfaces INC Subsidiary Sale of goods or services 500 NA 40.39 0 0 Textual Information(2)
3 Global Surfaces Limited Global Surfaces Inc Subsidiary Sale of goods or services 1000 NA 399.08 0 0 Textual Information(3)
4 Global Surfaces Limited Global Surfaces FZE Subsidiary Sale of goods or services 200 NA 3.59 0 0 Textual Information(4)
5 Global Surfaces Limited Mayank Shah Key Managerial Personnel Sale of goods or services 2.5 NA 1.2 0 0 Textual Information(5)
6 Global Surfaces Limited Orange Monkey Media Entities under control of relatives of KMP Purchase of goods or services 35 NA 7.13 0 0 Textual Information(6)
7 Global Surfaces Limited Sweta Shah Key Managerial Personnel Purchase of goods or services 1.2 NA 0.6 0 0 Textual Information(7)
8 Global Surfaces Limited Global Surfaces FZE Subsidiary Any other transaction Advance Given for Supply of Goods/Services 20 NA 11.76 81.85 93.61 Textual Information(8)
9 Global Surfaces Limited Global Surfaces Inc Subsidiary Any other transaction Management Fees Income 2.5 NA 0.67 0 0 Textual Information(9)
10 Global Surfaces Limited Global Surfaces FZE Subsidiary Interest received 150 NA 69.47 95.12 164.59 Textual Information(10)
11 Global Surfaces Limited Global Surfaces FZE Subsidiary Any other transaction Guarantee Commission Income 15 NA 8.45 12.71 21.16 Textual Information(11)
12 Global Surfaces Limited Mridvika Shah Relatives of KMP Any other transaction Training Expenses 5 NA 0.97 0 0 Textual Information(12)
13 Global Surfaces Limited Mayank Shah Key Managerial Personnel Remuneration 30 NA 9.29 0 -4.47 Textual Information(13)
14 Global Surfaces Limited Sweta Shah Key Managerial Personnel Remuneration 7 NA 3.18 0 -0.83 Textual Information(14)
15 Global Surfaces Limited Kamal Kumar Somani Key Managerial Personnel Remuneration 4 NA 1.87 0.3 -0.05 Textual Information(15)
16 Global Surfaces Limited Dharam Singh Rathore Key Managerial Personnel Remuneration 1.2 NA 0.47 0 0 Textual Information(16)
17 Global Surfaces Limited Dinesh Kumar Govil Independent Director Any other transaction Sitting Fees 0.23 NA 0.23 0 0 Textual Information(17)
18 Global Surfaces Limited Sudhir Baxi Independent Director Any other transaction Sitting Fees 0.21 NA 0.21 0 0 Textual Information(18)
19 Global Surfaces Limited Yashwant Kumar Sharma Independent Director Any other transaction Sitting Fees 0.09 NA 0.09 0 0 Textual Information(19)
20 Global Surfaces Limited Global Surfaces FZE Subsidiary Loan 170 NA 129.66 1756.16 1885.82 Loan 0.0733 7 Years Unsecured Principle Business Activities Textual Information(20)
21 Global Surfaces Limited Global Surfaces FZE Subsidiary Any other transaction Corporate Guarantee issued 798.81 NA 661.9 890.8 1552.71 Textual Information(21)
22 Global Surfaces Limited Ashish Kumar Kachawa Non-executive Director Any other transaction Fees Payable NA 0 0.22 0.22 Textual Information(22)
23 Global Surfaces Limited Global Surfaces FZE Subsidiary Any other transaction Trade Payable NA 0 1.9 1.89 Textual Information(23)
24 Global Surfaces Limited Global Surfaces FZE Subsidiary Investment NA 0 201.3 201.3 Textual Information(24)
25 Global Surfaces Limited Global Surfaces Inc Subsidiary Investment NA 0 0.74 0.74 Textual Information(25)
26 Global Surfaces Limited Superior Surfaces INC Subsidiary Investment NA 0 8.74 8.74 Textual Information(26)
27 Global Surfaces Limited Global Mining Company Entities under control of Director Any other transaction Trade Receivables NA 0 0.47 0.56 Textual Information(27)
28 Global Surfaces Limited Superior Surfaces INC Subsidiary Any other transaction Trade Receivables NA 0 62.77 89.32 Textual Information(28)
29 Global Surfaces Limited Global Surfaces FZE Subsidiary Any other transaction Trade Receivables NA 0 2.74 6.4 Textual Information(29)
30 Global Surfaces Limited Global Surfaces Inc Subsidiary Any other transaction Trade Receivables NA 0 145.4 265.74 Textual Information(30)
31 Global Surfaces Limited Global Surfaces Inc Subsidiary Any other transaction Advance received for Supply of Goods/Services NA 0 4.3 4.3 Textual Information(31)
32 Global Surfaces Limited Orange Monkey Media Entities under control of relatives of KMP Any other transaction Trade Payables NA 0 0 0.88 Textual Information(32)
33 Global Surfaces FZE Mayank Shah Director Remuneration 15 NA 2.05 0 1.37 Textual Information(33)
34 Global Surfaces FZE Ashish Kumar Kachawa Director Any other transaction Fees 2 NA 0.64 0 0.33 Textual Information(34)
35 Global Surfaces FZE Global Surfaces Inc Fellow Subsidiary Any other transaction Advance received for Supply of Goods/Services 300 NA 0 0 18.29 Textual Information(35)
36 Global Surfaces FZE Superior Surfaces INC Fellow Subsidiary Sale of goods or services 500 NA 49.44 0 61.29 Textual Information(36)
Total value of transaction during the reporting period 1402.42
 

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Textual Information(21) Corporate Guarantee is issued in favour of Banks/Financial Institutions on behalf of wholly owned subsidiary of the Company.
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Textual Information(36) Includes the amount received as advance for Supply of Goods/Services

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