This is to inform you that the company has decided to convene the 01st Extra - Ordinary General Meeting (''EGM'') of the members of the Company on Wednesday, 03rd December, 2025 at 11:30 ....
Awaiting price reaction for this filing.
GB Global Limited has called its 1st Extra-Ordinary General Meeting on Wednesday, 03 December 2025 at 11:30 a.m. at its registered office in Andheri (W), Mumbai, as directed by the NCLT Mumbai Bench via order dated 10 October 2025 (Application C.A.(CAA)/219(MB)2025). The sole item on the agenda is to approve a Scheme of Merger by way of Absorption under Sections 230-232 of the Companies Act, 2013, with the appointed date set retrospectively to 01 April 2024. The Transferee Company is Dev Land & Housing Private Limited (DLH), which is also the promoter and holding company of GB Global, making this a subsidiary-into-parent merger. Post-merger, GB Global will stand dissolved without winding up and its paid-up equity share capital of Rs. 5,00,33,143 will be cancelled. The Board of GB Global approved the scheme across meetings held on 28 Feb, 21 Mar, 24 Jul and 14 Aug 2025, with all directors voting in favour. Remote e-voting opens 30 Nov 2025 and closes 02 Dec 2025, with cut-off date of 24 Nov 2025 and EVEN 137515. Ms. Ritu Agarawal has been appointed as Chairperson for the meeting and Mr. Himesh Pandya as Scrutinizer.
This is a significant corporate event for GB Global shareholders - the listed entity will merge into its privately-held parent DLH, which may effectively take the company off the exchanges and could impact liquidity for shareholders. Shareholders should review the share exchange ratio, fairness opinion and valuation report carefully, and consider voting in the e-voting window (30 Nov - 02 Dec 2025) before the cut-off date of 24 November 2025.