This disclosure is being made pursuant to regulation 30 of the Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations, 2015 in respect of the ....
Awaiting price reaction for this filing.
GB Global Ltd (formerly Mandhana Industries Limited) informed stock exchanges that the NCLT Mumbai Bench has admitted its merger petition under Sections 230-232 of the Companies Act, 2013. The scheme involves merger by absorption of GB Global Limited (Transferor Company) into Dev Land and Housing Private Limited (Transferee Company). The NCLT has directed the company to issue notices to statutory authorities including SEBI, RBI, Income Tax, and Central Government, giving them 30 days to file any representation. The company is also required to publish hearing notices in Business Standard and Navshakti newspapers. The petition is now fixed for final hearing and disposal on February 20, 2026.
This is a procedural milestone in the ongoing merger process, not an adverse event. Shareholders should note that NCLT admission is a standard step, and final approval is still pending after the February 20, 2026 hearing. The stock may see limited reaction unless objections are raised by regulatory authorities within the 30-day window.