Merger3 Sept 2026, 06:20 pm
GB Global Ltd Board Approves Merger Scheme & Delisting
AI Summary
GB Global Ltd's Board of Directors met on September 3, 2026, to approve the Scheme of Amalgamation of GB Global Limited with Dev Land & Housing Private Limited, following the National Company Law Tribunal's (NCLT) Merger Order dated August 12, 2026. The board noted the compliance requirements for filing Form INC-28 with the Registrar of Companies. Actions for the delisting of GB Global Ltd's equity shares as per SEBI regulations were also approved, with the Transferee Company authorized to complete the process. The board also approved intimations to statutory authorities and stakeholders regarding the merger.
Key Highlights
- Board approved the Scheme of Amalgamation with Dev Land & Housing Pvt Ltd.
- NCLT Merger Order dated August 12, 2026, was noted.
- Actions for delisting of equity shares were approved.
- Company to comply with e-filing of Form INC-28.
- Intimations to authorities and stakeholders approved.
Price Impact
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