We are enclosing the consolidated report of the Scrutinizer Report from PCS of the EGM held on Monday, 31st March, 2025
Awaiting price reaction for this filing.
GB Global Limited held its 2nd Extra-Ordinary General Meeting on 31st March 2025 at 11:30 a.m. at its registered office in Andheri West, Mumbai. The sole resolution on the agenda was to approve the merger of GB Global Limited with Dev Land and Housing Private Limited and their respective shareholders. The resolution was passed as a Special Resolution with 100% votes in favour — 3 members holding 2,872 shares voted in support, with zero votes against and zero invalid votes. Dev Land & Housing Pvt Ltd (the promoter shareholder) was treated as an interested party and its votes were excluded from the count. The scrutinizer, Himesh Pandya (PCS), certified that the resolution was passed with the requisite majority.
The merger with promoter entity Dev Land and Housing has been approved by shareholders. This is a significant corporate restructuring event that could change the company's capital structure and business profile, and may have implications for share valuation going forward.