Merger22 Jul 2026, 06:30 pm
GB Global Ltd Merger Scheme with Dev Land and Housing Approved by NCLT
AI Summary
GB Global Ltd has disclosed an order passed by the National Company Law Tribunal (NCLT), Mumbai Bench, on July 21, 2026, concerning a Scheme of Merger by Absorption with Dev Land and Housing Private Limited. The application, C.P. (CAA) 6/MB/2026 in C.A. (CAA) 219/MB/2025, was reserved for orders and the company received the order on July 22, 2026. The NCLT hearing on July 15, 2026, involved counsels for GB Global Ltd, National Stock Exchange of India, Bombay Stock Exchange, and Securities & Exchange Board of India. Written submissions were filed and taken on record, with the matter subsequently reserved for orders.
Key Highlights
- NCLT Mumbai approved the merger scheme between GB Global Ltd and Dev Land and Housing Pvt Ltd.
- The order was passed on July 21, 2026, and received by the company on July 22, 2026.
- The merger is structured as a Scheme of Merger by Absorption.
- The NCLT hearing included representatives from stock exchanges and SEBI.
- The application was reserved for orders after written submissions were filed.
Price Impact
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