The Board of Directors in the meeting held on 23rd January 2026 discussed and approved unanimously the resignation of Mr. Dev Thakkar-Chairman Non-executive, Non-Independent Director from ....
Awaiting price reaction for this filing.
GB Global Ltd's board, at its meeting on 23rd January 2026, accepted the resignation of Mr. Dev Thakkar (DIN: 07698270) from the post of Chairman Non-Executive, Non-Independent Director, effective close of business on 23rd January 2026. Mr. Dev Thakkar cited personal and unavoidable reasons and confirmed there are no other material reasons for his exit. In the same meeting, the board redesignated Mr. Vijay Thakkar (DIN: 00189355) as Managing Director and Chairman of the company. Mr. Vijay Thakkar, who has a background in real estate and construction, is the husband of existing woman director Mrs. Tanam Thakkar, indicating family involvement on the board. The communications were signed by Mr. Dinesh Tarfe, Additional Director.
Leadership is now consolidated with Vijay Thakkar holding both MD and Chairman roles, which may raise governance concerns about reduced board independence. The change is largely a reshuffle within the promoter-connected Thakkar family, with no stated operational or financial trigger, so the immediate impact on shareholders is likely neutral.