GB Global Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Awaiting price reaction for this filing.
GB Global Limited (formerly Mandhana Industries) reported audited consolidated results for FY ended March 31, 2026. Total income declined to ₹20,996.89 lakhs from ₹25,148.71 lakhs in the previous year, representing approximately 16.5% revenue decline. Profit after tax (PAT) stood at ₹7,627.35 lakhs compared to ₹10,610.04 lakhs in the prior year. EPS was ₹15.64 per share. The statutory auditors Bhuta Shah & Co. LLP issued qualified opinions on both standalone and consolidated financial statements due to unconfirmed/unreconciled trade receivables, payables, advances, and GST balances. Management stated they cannot quantify the impact as the company, acquired under Corporate Insolvency Resolution Process (CIRP), still has manpower deficiencies and limited access to past records. The Board also appointed new Cost, Secretarial, and Internal Auditors for FY 2026-27.
The qualified audit opinion raises red flags about data reliability and internal controls. The CIRP history and audit qualification suggest potential hidden liabilities or overstated assets. Revenue and profit decline combined with audit concerns may negatively impact investor confidence and stock price.