GB Global Limited has informed the Exchange regarding Change in Auditors of the company.
Awaiting price reaction for this filing.
GB Global Limited held a Board meeting on May 29, 2026, where it approved audited financial statements for Q4 and FY 2025-26 (standalone and consolidated). A critical observation is that the statutory auditors issued audit reports with a MODIFIED opinion on the financial statements, which indicates auditor concerns about the accounts. The Board also appointed Cost Auditor M/s. Pradip Mohanlal Damania for FY 2026-27, Secretarial Auditor for FY 2025-26 to FY 2029-30, and Internal Auditor for FY 2026-27. The meeting lasted over 6 hours, concluding at 9:30 PM. The company is formerly known as Mandhana Industries Limited.
The modified audit opinion is a significant red flag for investors as it signals financial statement quality concerns. This typically requires investor scrutiny and may impact stock sentiment negatively, while the auditor appointments are routine administrative changes.