GB Global Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/07/2025 ,inter alia, to consider and approve 1. To consider and re-approve the ....
Awaiting price reaction for this filing.
GB Global Ltd has called a Board meeting on 24 July 2025 to re-approve the draft scheme of merger by absorption between GB Global Limited and Dev Land & Housing Private Limited, along with their respective shareholders. The scheme was previously approved by the Board and is now being re-considered, possibly with modifications. Additionally, the Board will take note of the terms and conditions of redeemable preference shares to be issued by Dev Land & Housing (the Transferee Company). The company has sent this intimation to both BSE and NSE as per listing regulations.
If approved, this merger could significantly reshape the company's capital structure and business profile. Shareholders should watch for the swap ratio, valuation details, and preference share terms that will be disclosed, as these will directly affect share value and future returns.