GB Global Limited — Board Meeting, 24-07-2025: Outcome of Board Meeting

GB Global's board has announced a board meeting where it re-approved the merger with Dev Land & Housing Private Limited (DLH). This move aims to streamline operations, reduce costs, and aid GB Global's revival, dissolving the company post-merger.

Shareholders of GB Global (excluding DLH) will receive an exit offer of Rs 120 per equity share. They also get one Redeemable Preference Share (face value Rs 10) for each equity share.

For context: GB Global's standalone net worth was Rs 270.49 Cr (Mar 2025), and DLH's was Rs 338.73 Cr (Oct 2024).