GB Global responds to NSE query on audit qualifications submission

Nclt Insolvency AdmittedNclt Resolution ApprovedRegulatory & Legal View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

NSE sought clarification from GB Global for not submitting Statement of Impact of Audit Qualifications for Q4 FY25 under Reg 33. Company now submits statement with qualified audit opinion citing incomplete inventory details and unconfirmed balances. Standalone FY25 PAT: Rs 10,816.36 lakhs; consolidated PAT: Rs 10,610.14 lakhs. Subsidiary reported Rs 206.21 lakhs net loss. Listing remains suspended pending re-listing compliance. Company underwent CIRP in 2017.

Likely market impact

Qualified audit opinion and suspended listing raise governance concerns. Re-listing pending, historical CIRP resolution plan faces appeals.