Tribunal advances GB Global merger and shareholder vote

The National Company Law Tribunal allowed the merger application on 10 October 2025 and directed GB Global to hold a shareholder meeting within 70 days. If approved, GB Global will merge into Dev Land and Housing and its shares will be delisted because they are not traded. Eligible GB Global shareholders will receive Rs 120 per share plus one redeemable preference share of Rs 10 face value, redeemable after 10 years at a 0.01 percent annual dividend.