Please find attached the outcome of the Board meeting for today i.e., 14th August, 2025 held at the registered office of the Company, in accordance with the provisions of Regulation 30 ....
Awaiting price reaction for this filing.
GB Global Limited's board met on 14 August 2025 and approved two major items. First, the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended 30 June 2025) showed a sharp YoY decline: standalone revenue from operations fell to Rs 1,330.65 lakhs from Rs 2,743.44 lakhs, while net profit dropped to Rs 1,524.50 lakhs from Rs 5,675.81 lakhs (EPS of Rs 3.05 vs Rs 11.34). On a consolidated basis, net profit fell to Rs 1,261.21 lakhs from Rs 5,638.42 lakhs. Second, the board re-approved the merger of GB Global (Transferor) with Dev Land & Housing Private Limited (DLH) as the Transferee, by absorption under Sections 230-232 of the Companies Act. The scheme is a related party transaction at arm's length, with GB Global shareholders getting an exit offer of Rs 120 per equity share (against face value of Rs 10), or 1 Redeemable Preference Share of Rs 10 each for every equity share held. The listing entity will stand dissolved post-merger. DLH is the successful resolution applicant that took over GB Global via the NCLT-approved CIRP resolution plan in May 2021, making this merger essentially the consolidation of the post-resolution structure.
For shareholders, the Q1 results indicate significant year-on-year weakening in core operations despite the company showing profits. The merger means GB Global will cease to exist as a listed entity, but minority shareholders are offered a cash exit at Rs 120 per share or a share-swap option. The stock's trading status remains complicated as shares are currently suspended from trading on BSE and NSE pending re-listing procedural compliance, so liquidity for the exit offer may be a concern.