GB Global Limited — Board Meeting, 27-12-2024: Outcome of Board Meeting

The board meeting concluded with several key outcomes. The board recorded the resignation of Mr. Harsh Somaiya as Chief Executive Officer effective December 20, 2024. Additionally, the planned merger between GB Global Limited and Dev Land & Housing Private Limited has been cancelled. The board intends to revisit and approve the merger terms in the future, with a new scheme anticipated to be communicated to the stock exchanges. Other operational agenda items were discussed as well.