Please find enclosed the Transcript of the Earning''s conference Call (Q2/H1 FY''27) held on November 3, 2026

Ref: GSL/SEC/2026-27/54 November 5, 2026 BSE Limited National Stock Exchange of India Limited Dept of Corporate Services The Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, SDcarlaipl SCtoredeet:, 5F4or3t8, 29 BSyamndbroal K: GurSlLaS CUo mplex, Bandra (East), Mumbai 400 001 (Maharashtra) Mumbai 400 051 (Maharashtra) Subject: Transc ript of Q2/H1 FY’27 Earnings Conference Call held on November 3, 2026 Dear Sir / Madam, Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the Q2/H1 FY’27Earnings Conference Call held on Tuesday, November 3, 2026, to discuss the Company's financial results and business performance for the quarter and period ended on September 30, 2026. The transcript is also being uploaded on the Company's website at www.globalsurfaces.com. This is for your information and records. Thanking You YFoour rGsl Foabiathl fSuullryf,a ces Limited Dharam Singh Rathore Company Secretary and Compliance Officer ICSI Mem. No.: A57411 Place: Jaipur Encl.: as above Global Surfaces Limited Q2 and H1 FY27 Earnings Conference Call November 03, 2026 Moderator: Ladies and gentlemen, good day and welcome to Global Surface Ltd Q2 and H1 FY 2027 Earnings Conference Call hosted by Valorem Advisors. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing ‘*’ then ‘0’ on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Purvangi Jain from Valrorem Advisors. Thank you and over to you Ms. Jain. Purvangi Jain: Thank you. Good evening, everyone and a very warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. We represent Investor Relations of Global Surfaces Limited. On behalf of the company, I would like to thank you all for participating in the Company's Earnings Call for the 2nd Quarter and First Half Year ending of the Financial Year 2027. Before we begin, a quick cautionary statement. Some of the statements made in today's earnings call may be forward-looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those anticipated. Such statements are based on management's belief as well as assumptions made by and information currently available to the management. Audiences are cautioned not to place any undue reliance on these forward-looking statements in making any investment decisions. The purpose of today's conference call is purely to educate and bring awareness about the Company's Fundamental Business and Financial Performance for the period under review. Now I would like to introduce you to the management participating with us in today's earnings call and hand it over to them for their opening remarks. We have with us Mr. Mayank Shah – Chairman and Managing Director, Mr. Ashish Agarwal – Chief Financial Officer and Mr. Dharam Singh Rathore – Company Secretary and Compliance Officer. Without any delay, I request Mr. Mayank Shah to start with his opening remarks. Thank you and over to you, sir. Page 1 of 11 Mayank Shah: Thank you, Purvangi, and good afternoon to you all. We welcome you to the earnings call of Global Surfaces for the 2nd Quarter and Half year ended 30th September. For those joining us for the first time, Global Surfaces was established in 1991 and is headquartered in Jaipur, India. We are engaged in manufacturing and export of engineered surface of premium residential, commercial and architectural applications. Our product portfolio comprises of six engineered quad series, which are Aurora, Kalmasa, Prismatic, Stratum, Quartzite and Marquartz, with applications across Countertops, Flooring, Wall Cladding, vanities, Reception Desks and other interior surfaces. We operate two state of the art engineered stone manufacturing facilities, one in Mahindra World City, SEZ in Jaipur and the other through our wholly owned subsidiary, Global Surfaces, FZE at Jebel Ali Free Zone in Dubai. Together, these facilities have an annual production of approximately 1.14 million square meters. Our international distribution presence is supported by Global Surfaces Inc. and Superior Surfaces Inc. in United States. At present, our strategic focus on improving operating efficiencies and profitability, we discontinued at our Natural Stone unit in Bagru, with effect from 31st March 2026, following the board decision. Since then, only limited activities have been undertaken to complete the existing orders and facilitate orderly closure. This transition is reflected in our H1 revenue mix, with engineered stone contributing approximately 98% of the revenue. Going forward, our focus remains on engineered quartz business, where we see opportunities to strengthen product diversification and improve utilization and build a more sustainable operating profile. Let me now turn to external environment: The key development for the engineered quartz industry during the quarter has been implementation of the U.S. Safeguard Section 201 measure on quartz surface products. Effective 15th August 2026, the measure will remain in place for 4 years through tariff quota. In the first year, the import of approximately 13 million square meters will attract an additional duty of 25% while the volumes above the quota will attract a tariff of 50%. The quota is scheduled to increase over the period, with applicable rates tapering to 19%to 47% respectively by the fourth year. These duties are over and above normal duties and applicable anti-dumping countervailing duties. The measure provides for a single global quota rather than country-specific allocation, meaning suppliers compete for the same permitted quota. While certain developing countries have been excluded, India has not received any exemption and neither has UAE received any exemption. The significance of Indian exporters is considerable. Industrial estimates indicate that quartz surface products to U.S. were approximately 223 million in 2026 and represented around 72% of India's total quartz exports. Page 2 of 11 The Government of India has requested consultations with the World Trade Organizations while Indian representatives and representations and discussions with the U.S. continue. The broader U.S. tariff environment has also evolved. The earlier 50% tariff imposed in 2025 is no longer in force. Following the Supreme Court February 2026 ruling the temporary 10% global tariff expired in July and 10% Section 301 tariff is applied on Indian goods in July 2024. The interim India-U.S. trade agreement framework announced in February remains unsigned. Therefore, while the general tariff backdrop has eased from last year, the quartz-specific safeguard has emerged as more immediate concern for the industry. In this environment, we focus on reduced concentration risk through a broader geographic and product mix. We continue to serve customers across North America, Middle East, Europe and other export markets while building our domestic presence in India under the global surface brand. Our revenue mix remains export-oriented while export contributing to approximately 96% and domestic market around 4%. Alongside market diversification, we are placing great emphasis on customized and high-value engineered surface products while design, quality, technology and service are important differentiators. Our manufacturing footprint in India and UAE together with our U.S. distribution entities provides flexibility as we respond to changing trade conditions and customer requirements. Turning to the operational and strategic development during this period: We continue to focus on our engineered quartz product portfolio and on value-adde [Showing first 8,000 characters — download PDF for full document]