This is for your information and circulation among the stakeholders that the Board of Directors of the Company met on Thursday 24th July, 2025 at 04:00 p.m. (IST) at the Registered Office ....
Awaiting price reaction for this filing.
GB Global Ltd's board met on 24th July 2025 and re-approved the proposed merger (by absorption) with its holding company, Dev Land & Housing Private Limited (DLH), under Sections 230–232 of the Companies Act, 2013. GB Global will be the Transferor Company and DLH the Transferee Company, with the listed entity (GB Global) set to be dissolved post-merger. As exit consideration, eligible shareholders (other than DLH) will receive an open offer of Rs. 120 per equity share (face value Rs. 10), plus 1 Redeemable Preference Share (face value Rs. 10) for every 1 equity share held. The board also noted the terms of redeemable preference shares to be issued by DLH to the company. As of FY25, GB Global had a turnover of ~Rs. 191 crore and net worth of ~Rs. 270 crore, while DLH (as on 31.10.2024) had a turnover of ~Rs. 11 crore and net worth of ~Rs. 339 crore.
This is a reverse-merger-type restructuring where the listed entity gets absorbed into its unlisted parent. Small minority shareholders get an exit at Rs. 120/share plus preference shares; trading in GB Global stock typically becomes thin/delisting-prone once merger steps progress. Short-term share price action may be driven by the Rs. 120 exit offer, which acts as a near-term floor reference.