GB Global Limited — Board Meeting, 21-03-2025: Outcome of Board Meeting

GB Global Limited has announced a board meeting, where it approved an amended draft scheme for the merger with Dev Land & Housing Private Limited. The merger aims to streamline operations, improve corporate governance, and reduce administrative costs. The combined entity is expected to enhance profitability and provide better access to cash flow for business growth. Additionally, the board decided to reclassify certain shareholders from the 'Promoter Category' to the 'Public Category', excluding Dev Land & Housing. Shareholders of the transferor company will have the option to exit via an open offer at ₹120 per share.