GB Global Board Approves Amalgamation with Dev Land & Housing, Delisting of Equity Shares
GB Global Limited's Board approved the amalgamation with Dev Land & Housing Private Limited, following the NCLT's merger order. The company will proceed with e-filing and stamp duty compliance. The Board also approved the delisting of GB Global's equity shares as per SEBI regulations.
The amalgamation of GB Global Limited with Dev Land & Housing Private Limited and the subsequent delisting of GB Global's shares are major corporate events that will fundamentally alter the company's structure and market presence, significantly impacting shareholders and operations.
The announcement details the approval of a merger and delisting process, which are significant corporate actions that can lead to restructuring and potential future growth or consolidation benefits for the company and its stakeholders.
GB Global Limited announced the outcome of its Board meeting held on September 3, 2026. The Board took note of the Merger Order dated August 12, 2026, and the certified true copy received on September 1, 2026, from the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench-I, sanctioning the Scheme of Amalgamation of GB Global Limited (Transferor Company) with Dev Land & Housing Private Limited (Transferee Company).
The Board noted that the company will comply with the e-filing of Form INC-28 with the Registrar of Companies, Mumbai, to give effect to the Scheme of Amalgamation. Directors were authorized to sign and file the necessary documents. The Board also acknowledged the compliance requirements related to stamp duty adjudication and payment.
Furthermore, the Board approved actions for the delisting of the equity shares of the Transferor Company as per SEBI (Delisting of Equity Shares) Regulations, 2021, as mentioned in the NCLT Merger Order. The Transferee Company has been authorized to complete all necessary acts for the delisting process. The Board also took on record other operational agenda items.
The Board meeting commenced at 4:30 p.m. (IST) and concluded at 6:05 p.m. (IST) on September 3, 2026.
A plain-language summary of a public exchange filing by GB Global Limited. Read the original for the full detail.