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

GB Global's board has re-approved its merger with holding company Dev Land & Housing Private Limited. This strategic move aims to streamline operations and create a larger, unified entity. GB Global, currently in textiles and infra, will dissolve post-merger. Shareholders of GB Global (excluding Dev Land) get an exit offer of Rs. 120 per share and one Redeemable Preference Share (FV Rs. 10) for every equity share held. This merger is seen as crucial for GB Global's revival. Dev Land's net worth is Rs. 338.73 Cr, while GB Global's is Rs. 270.49 Cr.