GB Global Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
Awaiting price reaction for this filing.
GB Global Limited submitted unaudited Q1 FY26 results (quarter ended June 30, 2025) along with a re-approval of its merger with Dev Land & Housing Private Limited (DLH), the resolution applicant that already controls the company. Standalone revenue from operations fell sharply to ₹1,330.65 lakhs from ₹2,743.44 lakhs a year ago, a drop of about 51% year-on-year. Net profit also declined to ₹1,524.86 lakhs (from ₹5,675.81 lakhs), though the company remained profitable and did not book any exceptional items this quarter (vs ₹500.55 lakhs in Q4 FY25). No tax provision was made due to carried-forward losses and unabsorbed depreciation. The board also confirmed an exit opportunity for shareholders at ₹120 per share (against face value of ₹10) via an open offer, as the listed entity will be dissolved post-merger into the unlisted DLH.
For shareholders, the merger is a significant event: the listed entity GB Global will be absorbed into unlisted DLH, with an open offer of ₹120 per share as an exit option. The sharp YoY decline in revenue and profit is a red flag on operating performance, though the company remains in profit and no fresh exceptional charges were taken this quarter.