GB Global Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting

GB Global Limited has announced a board meeting on which it approved the audited consolidated financial results for the quarter and year ended March 31, 2025. The company posted a robust consolidated net profit of INR 111.81 Cr for the year, up from INR 40.18 Cr last year, with steady revenue at INR 659.26 Cr and tight control over manufacturing and operating expenses. The board appointed new auditors for cost and secretarial functions and greenlit amendments to the merger scheme with Dev Land & Housing Pvt Ltd. A voluntary delisting proposal was also approved. Statutory auditors flagged incomplete inventory and pending confirmations for receivables and payables.