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, 2026, considered and approved the ....
Awaiting price reaction for this filing.
GB Global Ltd (formerly Mandhana Industries Limited) held a Board meeting on 29th May 2026 to approve the audited standalone and consolidated financial results for Q4 and financial year ended 31st March 2026. The statutory auditors Bhuta Shah & Co. LLP issued a qualified opinion due to unconfirmed balances of trade payables, trade receivables, advances and GST. Management stated the impact is unascertainable as the company was acquired under CIRP and still faces manpower deficiency and limited access to historical records. The meeting also approved appointments of Cost Auditor (Pradip Mohanlal Damania for FY 2026-27), Secretarial Auditor (Himesh Pandya & Associates from FY 2025-26 to FY 2029-30), and Internal Auditor (JVJ & Co. LLP for FY 2026-27). The company has significant brought forward losses and unabsorbed depreciation available for set-off.
The modified audit opinion highlights reconciliation risks in receivables, payables, and GST balances, which could affect asset and liability values. However, the company reported strong standalone profit of Rs 1,905.47 lakhs for Q4 and consolidated total income of Rs 20,996.89 lakhs for FY 2025-26.