GB Global Limited's Merger with Dev Land and Housing Approved by NCLT
GB Global Limited's merger with Dev Land and Housing Private Limited has been approved by the NCLT, Mumbai Bench, on August 12, 2026. Eligible shareholders of GB Global will receive ₹120 per share and one preference share. The appointed date is April 1, 2024.
A merger/amalgamation is a significant corporate action that fundamentally alters the company's structure and operations, impacting stakeholders, financials, and market position.
The NCLT approval of the merger scheme is a positive development for the company, paving the way for consolidation and potential operational efficiencies.
GB Global Limited has announced that the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, has approved the Scheme of Merger by Absorption between GB Global Limited (Transferor Company) and Dev Land and Housing Private Limited (Transferee Company). The company received a copy of the NCLT's order on August 14, 2026. The merger aims to reduce administrative and compliance costs, improve operational and management efficiency, streamline organizational structure, and enhance cash management for the combined entity. The rationale also includes consolidating the business for synergistic growth, seamless policy implementation, and cost rationalization, ultimately enhancing shareholder returns. The appointed date for the scheme is April 1, 2024. As per the scheme, the equity shares of GB Global Limited will be deemed delisted from stock exchanges. The consideration for eligible members of GB Global Limited, other than Dev Land and Housing, will be ₹120 per equity share of face value ₹10, along with one redeemable preference share of face value ₹10 for every equity share held. The registered valuer determined the fair value of GB Global's equity share at ₹78.94. The NCLT order was pronounced on August 12, 2026.
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GB Global Limited filed this with the NSE as a statutory disclosure, categorised under merger. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by GB Global Limited. Read the original for the full detail.