with reference to the above mentioned subject, we wish to inform you that the Board of directors of the Company at its meeting held today i.e. 29th May, 2025 considered and approved the ....
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GB Global Limited's Board, at its meeting on May 29, 2025, approved audited standalone and consolidated financial results for Q4 and full year ended March 31, 2025. Standalone revenue from operations for FY25 fell to Rs 19,122 lakhs from Rs 21,930 lakhs in FY24 (a decline of about 13%), but total income rose to Rs 29,122 lakhs driven by other income. Standalone profit after tax jumped sharply to Rs 10,817 lakhs (from Rs 7,039 lakhs), a ~54% YoY rise, with basic EPS of Rs 21.62 vs Rs 8.07. Q4 FY25 standalone PAT was Rs 1,128 lakhs versus Rs 3,710 lakhs in Q4 FY24, pulled down by a Rs 500.55 lakh exceptional item tied to amortization of penalties paid to IDBI Bank following a settlement of a winding-up petition. Consolidated FY25 PAT came in at Rs 10,610 lakhs. The statutory auditor (Bhuta Shah & Co LLP) issued a qualified opinion on both standalone and consolidated results due to incomplete inventory details and unconfirmed balances of trade payables, receivables, advances, and GST.
Strong full-year profit growth is a positive, but the qualified audit opinion flags gaps in inventory records and unconfirmed balances, which shareholders should monitor as a risk. The Board's approval of a draft merger scheme with Dev Land & Housing Private Limited and authorization of a voluntary delisting proposal is a material corporate action that could significantly affect share trading and shareholder rights.