GB Global Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2025 ,inter alia, to consider and approve We wish to inform you that the company ....
Awaiting price reaction for this filing.
GB Global Limited has called a board meeting on 29th May 2025 to consider and approve its Standalone and Consolidated Audited Financial Results for the quarter and year ended 31st March 2025. The board will also consider a voluntary delisting proposal through a scheme of merger by absorption with its holding company, Dev Land & Housing Private Limited. Dev Land & Housing currently holds 5,00,00,000 equity shares, representing 99.93% of the company's paid-up equity share capital. The board will additionally approve the appointment of a merchant banker to manage the delisting process and appoint a cost auditor for FY2025-26. The insider trading window has been closed from 1st April 2025 to 1st June 2025.
For public shareholders, this signals a potential exit event — the holding company may offer a buyback price to delist the stock from the exchanges. The stock could see increased volatility and reduced liquidity leading up to and following the board meeting outcome. No actual financial numbers are disclosed in this notice, so investors must wait for the 29th May announcement for Q4/FY25 performance.