Global Surfaces holds exclusive Marquartz rights in MENA, India

Global Surfaces Limited holds exclusive rights to develop, produce and manufacture licensed Marquartz engineered-quartz products in the Middle East and North Africa (MENA) and FROR in India, under a licence covering SQIP, LLC patents and know-how. The technology platform is supported by more than 20 utility patents secured during the past seven years.

What exclusive Marquartz rights does Global Surfaces hold?

Global Surfaces holds non-transferable, non-sublicensable and exclusive rights to use licensed patents and licensed know-how for engineered-quartz products in MENA and FROR in India. The agreement permits the development, production and manufacture of the licensed products within that manufacturing territory. MENA means the Middle East and North Africa, while the presentation uses the term FROR for the India territory without expanding it.

The licence agreement was entered into by Global Surfaces FZE, a wholly owned subsidiary of Global Surfaces, and SQIP, LLC, a Florida-based limited liability company. The disclosed terms establish an exclusive manufacturing position rather than a disclosed sales arrangement. The presentation does not state a royalty rate, licence duration, minimum production requirement, launch date or a separate capacity allocation for Marquartz.

The non-transferable and non-sublicensable conditions define the scope of the rights described by Global Surfaces. In practical terms, the presentation states that the licensed position cannot be transferred and does not permit sublicensing. The agreement applies to licensed engineered-quartz stone products, a category in which Global Surfaces reported revenue of Rs 220 crore in FY26.

Which technologies are included in Global Surfaces' Marquartz platform?

Global Surfaces identifies patented Non-Push-Up Vein Technology and Push-Up Vein Technology as part of Marquartz, together with proprietary RIFT VEIN™ TECHNOLOGY and CONVERGENCE™ TECHNOLOGY. These methods are described as enabling quartz-based slabs to emulate the random veining and colour patterns found in natural stones such as marble and granite.

The Marquartz platform is supported by more than 20 utility patents secured over the past seven years, according to the presentation. The stated objective of the technologies is to overcome the more uniform appearance of conventional engineered quartz by creating singular or multiple colour patterns and intricate veins. The presentation describes the result as an appearance analogous to natural geological rifting or fracturing.

Global Surfaces also cites Cristobalite as a premium raw material used for bright white quartz surfaces with translucent effects. This material is separate from the four named pattern technologies, but forms part of the disclosed product mechanism. The presentation does not quantify the amount of Cristobalite used, the number of Marquartz designs offered, or the proportion of engineered-stone output made with the licensed technology.

How does Marquartz fit Global Surfaces' engineered-stone business?

Marquartz fits within Global Surfaces' engineered-stone business, which uses quartz particles, resins, pigments and other elements to make slabs suitable for countertop and other large-slab applications. The presentation describes engineered quartz as comprising 90% ground quartz and 10% pigments and binders. Marquartz adds vein-pattern technologies intended to give that engineered material a more natural-stone-like appearance.

Global Surfaces categorises its wider engineered-quartz portfolio into five series: Aurora, Kalm asa, Prismatic, Stratum and Quartzite. The presentation gives no separate series classification for Marquartz, nor does it disclose whether the licensed product is included in any of those five series. It also does not provide separate Marquartz revenue, volume, selling price or customer data.

Engineered stones generated Rs 125.3 crore of revenue and volume of 1,85,147 square metres in H1-FY27. The business had annual engineered-stone capacity of 11,44,540 SMT, as reported in the presentation. Because Global Surfaces does not break out licensed-product production, the available figures show the scale of the broader engineered-stone segment rather than the specific contribution from Marquartz.

How has Global Surfaces' engineered-stone segment compared with natural stones?

Global Surfaces' engineered-stone segment was larger than its natural-stone segment in FY24, FY25, FY26 and H1-FY27. Engineered-stone revenue increased from Rs 144.1 crore in FY24 to Rs 220 crore in FY26, while natural-stone revenue declined from Rs 18 crore to Rs 13.3 crore across the same period. This comparison places Marquartz within the segment that recorded the higher revenue base.

Engineered-stone volume rose from 2,90,915 square metres in FY24 to 3,95,886 square metres in FY26, an increase of 1,04,971 square metres. Natural-stone volume moved in the opposite direction, declining from 37,377 square metres to 27,575 square metres over those fiscal years. In H1-FY27, engineered-stone volume was 1,85,147 square metres, compared with 6,701 square metres for natural stones.

The product sets also differ between the two segments. Global Surfaces lists Granite, Marble and Quartzite as its three natural-stone series, while its engineered-stone portfolio has five series. Marquartz uses engineered quartz and licensed veining technologies, so the presentation associates it with the engineered-stone platform rather than the natural-stone unit.

What operational change affects Global Surfaces' stone portfolio?

Global Surfaces' board approved the discontinuation of operations at its Natural Stone Unit in Industrial Area Bagru, Jaipur, effective March 31, 2026. The board approval was given at its February 3, 2026 meeting. After March 31, 2026, the presentation says only limited activities were carried out to enable the orderly closure of existing orders.

The natural-stone unit closure follows a decline in natural-stone revenue from Rs 18 crore in FY24 to Rs 13.3 crore in FY26, with H1-FY27 revenue at Rs 1.9 crore. By comparison, the engineered-stone segment reported Rs 220 crore in FY26 revenue and Rs 125.3 crore in H1-FY27. The presentation does not connect the closure decision directly to the Marquartz licence or specify any transfer of resources to licensed products.

Global Surfaces states that its Jaipur plant had enabled it to serve domestic and international natural-stone requirements through an advanced cut-to-size setup. The disclosed operational plan after March 31, 2026 is limited to closing existing orders, not continuing ordinary natural-stone operations. No financial cost, asset-disposal figure, employee impact or closure completion date is provided in the presentation.

Conclusion

Global Surfaces has an exclusive, non-transferable and non-sublicensable licence to manufacture licensed engineered-quartz products using Marquartz patents and know-how in MENA and FROR in India. The platform combines four named veining technologies and more than 20 utility patents with an engineered-stone segment that delivered Rs 220 crore of revenue in FY26, compared with Rs 13.3 crore from natural stones.

The next disclosed operational marker is the post-March 31, 2026 orderly closure of existing natural-stone orders following the Jaipur unit discontinuation. The presentation leaves unresolved the Marquartz licence duration, royalty structure, production allocation, product launch timing and separate revenue contribution, so later disclosures on these items would show how the licensed platform is being implemented.