GB Global Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Awaiting price reaction for this filing.
Dev Land & Housing Private Limited (DLH), a promoter of GB Global Limited, has filed a disclosure under SEBI Regulation 31(4) confirming it has not created any encumbrance (pledge, lien, or charge) on its 5,00,00,000 (5 crore) equity shares held as of 31st March 2025. These shares were allotted to DLH as the successful resolution applicant under an NCLT-approved resolution plan dated 19th May 2021. The shares are still awaiting listing and trading approval on the stock exchanges, meaning they are not yet freely tradable. The filing is essentially a routine compliance confirmation that the promoter has not pledged or encumbered its holding.
This is a neutral, routine compliance filing with no immediate impact on shareholders. It reassures investors that the promoter has not pledged any of its stake, which is positive for share price stability. However, the shares remain unlisted for trading, so liquidity remains limited until the listing process is completed.