GB Global Limited (GBGLOBAL)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, GB Global's revenue was ₹103 Cr (+692.5% year on year, +27.2% on the previous quarter), and net profit ₹20.8 Cr (+60.2% year on year); the operating margin was 43.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹103 | +692.5% | +27.2% |
| Operating profit | ₹45.0 | from loss | +114.1% |
| Net profit | ₹20.8 | +60.2% | -66.9% |
| EPS (₹) | 4.16 | -89.1% | -97.8% |
| Operating margin | 43.6% | — | — |
📢 Recent Corporate Announcements
GB Global's Board of Directors noted the NCLT Mumbai order sanctioning its Scheme of Amalgamation into Dev Land & Housing Private Limited. The order, pronounced on August 12, 2026, was received in certified form on September 01, 2026. The Board authorized the filing of Form INC-28 with the Registrar of Companies to effect the merger. Crucially, the Board approved necessary actions for the delisting of GB Global's equity shares pursuant to SEBI Delisting Regulations.
- NCLT Mumbai Bench-I sanctioned the Scheme of Amalgamation of GB Global Ltd with Dev Land & Housing Pvt Ltd.
- Merger order pronounced on 12th August 2026; certified copy received on 01st September 2026.
- Board approved e-filing of Form INC-28 with ROC Mumbai to implement the merger scheme.
- Board initiated actions for the delisting of equity shares under SEBI Delisting Regulations, 2021.
The NCLT Mumbai Bench approved the Scheme of Amalgamation of GB Global Limited (Transferor Company) into its parent entity, Dev Land & Housing Private Limited (Transferee Company), via an order pronounced on August 12, 2026. Because GB Global is a subsidiary, no new shares will be allotted in exchange, and the company will be dissolved without winding up. The equity shares of GB Global will be deemed delisted from BSE and NSE, with public shareholders to be provided an exit under SEBI Delisting Regulations. The appointed date for the amalgamation is April 1, 2024, and the order must be filed with the ROC within 30 days.
- NCLT Mumbai Bench pronounced the approval order on August 12, 2026 (order received August 14, 2026)
- Appointed date for the amalgamation is fixed as April 1, 2024
- GB Global will be dissolved without winding up, resulting in deemed delisting from BSE and NSE
- Public shareholders to receive an exit mechanism under SEBI Delisting Regulations, 2021 (Regulations 19 & 20)
- Companies directed to file E-Form INC-28 with the ROC within 30 days of receipt of the order
GB Global reported a significant surge in consolidated total income to ₹119.22 crore for Q1 FY27, up from ₹45.81 crore in the same period last year. The growth was primarily driven by the Infrastructure Projects segment, which contributed ₹74.26 crore to revenue compared to nil in the previous year's quarter. Profit Before Tax (PBT) rose to ₹58.64 crore, although Profit After Tax (PAT) was moderated to ₹20.82 crore due to a ₹37.81 crore deferred tax charge. Additionally, the NCLT reserved its final order on August 12, 2026, regarding the company's merger with its holding company, Dev Land & Housing Private Limited.
- Consolidated total income grew 160% YoY to ₹11,922.31 lacs in Q1 FY27
- Infrastructure Projects segment revenue reached ₹7,425.69 lacs from zero in the year-ago period
- Profit Before Tax (PBT) increased nearly 4x YoY to ₹5,863.72 lacs
- NCLT reserved the final order for the merger with Dev Land & Housing Private Limited on August 12, 2026
- Company utilized brought forward losses to maintain zero current tax provision for the quarter
GB Global Limited has announced that the NCLT Mumbai Bench has reserved its final order regarding the Scheme of Merger by Absorption with Dev Land and Housing Private Limited. Following a hearing on July 15, 2026, the tribunal took on record written submissions from the company, SEBI, NSE, and BSE. The company received the formal order sheet on July 22, 2026, confirming that the judicial process has moved to the final judgment phase. This merger will result in GB Global being absorbed into the transferee company, pending the final written approval.
- NCLT Mumbai Bench hearing for the merger was conducted on July 15, 2026
- Application C.P. (CAA) 6/MB/2026 is officially 'Reserved for Orders' as of July 21, 2026
- Merger involves GB Global Limited as the Transferor and Dev Land and Housing Private Limited as the Transferee
- Written submissions from SEBI, NSE, and BSE have been formally taken on record by the tribunal
GB Global Limited has submitted a Statement of Impact of Audit Qualifications following a clarification request from the NSE regarding its FY25 financial results. The statutory auditors, Bhuta Shah & Co LLP, issued a modified opinion as the company failed to provide complete details for inventory quantity and valuation as of March 31, 2025. Furthermore, balances for trade payables, receivables, and advances remain unconfirmed and subject to reconciliation. The auditors have explicitly stated they are unable to quantify the impact of these omissions on the company's reported assets, liabilities, and profit.
- Auditors were unable to verify inventory quantity and valuation as of March 31, 2025, due to lack of data.
- Trade payables, receivables, and advances are subject to confirmation, reconciliation, and potential adjustments.
- The company admitted to an inadvertent omission of a legible, machine-readable copy of financial results in its initial May 29, 2025 filing.
- Auditors stated they cannot comment on the resultant impact of these discrepancies on the reported profit for the year ended March 31, 2025.
- The clarification follows an NSE query dated June 20, 2025, regarding deficiencies in Regulation 33 compliance.
GB Global Limited announced a change in its board composition following a meeting on July 17, 2026. Mr. Tushar Momaiyah, a professional with B.Com and LL.B. degrees, has been appointed as a Non-Executive Independent Director. Simultaneously, Mr. Paresh Jain resigned from the same position citing personal reasons, effective from the closing hours of July 17, 2026. The board meeting lasted approximately 75 minutes, concluding at 5:45 p.m.
- Appointment of Mr. Tushar Momaiyah as Non-Executive Independent Director effective July 17, 2026
- Resignation of Mr. Paresh Jain from the Board effective from the closing hours of July 17, 2026
- Board meeting duration of 1 hour 15 minutes, starting at 4:30 p.m. and concluding at 5:45 p.m.
- New appointee Mr. Tushar Momaiyah holds a Bachelor of Legislative Laws (LL.B.) degree, bringing legal and regulatory expertise
GB Global Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by MUFG Intime India Private Limited (RTA), confirms that all securities received for dematerialization during the quarter ended June 30, 2026, were processed within prescribed timelines. The RTA confirmed that certificates were mutilated and cancelled after verification, and the depository's name was updated in the register of members. This is a standard administrative filing with no impact on business operations or financials.
- Compliance certificate for the quarter ended June 30, 2026
- Confirmation of processing dematerialization requests within prescribed timelines
- Issued by MUFG Intime India Private Limited (formerly Link Intime)
GB Global Limited has responded to NSE queries regarding its FY26 financial results, specifically addressing the non-submission of the 'Statement of Impact of Audit Qualifications'. The company's auditors, Bhuta Shah & Co. LLP, issued a qualified opinion for the year ended March 31, 2026, due to unconfirmed balances in trade receivables, payables, and GST accounts. Management stated the financial impact of these qualifications is 'not ascertainable' because the company is still recovering from the CIRP process and faces manpower and record deficiencies. Additionally, the company filed revised XBRL statements on June 25, 2026, to correct technical mismatches between its digital and PDF filings.
- Consolidated Total Income for FY26 reported at ₹14,203.07 Lakhs.
- Consolidated Net Profit for the year stood at ₹7,827.35 Lakhs, though the impact of audit qualifications remains unquantified.
- Audit qualifications regarding trade balances and GST are repetitive, appearing for the second time.
- Revised XBRL filings were submitted on June 25, 2026, to resolve discrepancies in the Cash Flow Statement.
- Consolidated Net Worth reported at ₹44,625.07 Lakhs as of March 31, 2026.
GB Global Limited has announced the closure of its trading window for designated persons starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the unaudited financial results for the quarter ended June 30, 2026. The window will remain closed until 48 hours after the results are officially announced. This is a standard administrative procedure for all listed companies in India.
- Trading window closure begins on July 1, 2026
- Closure remains effective until 48 hours after the declaration of Q1 FY27 results
- PAN of designated persons will be frozen by CDSL during the closure period
- The specific date for the Board Meeting to declare results is yet to be announced
Dev Land & Housing Private Limited (DLH), a promoter of GB Global Limited, has submitted its annual disclosure under SEBI Takeover Regulations for the financial year ended March 31, 2026. The promoter confirmed that it holds 5,00,00,000 equity shares and has not created any encumbrance or pledge on these shares, directly or indirectly. These shares were originally allotted to DLH as part of an NCLT-approved resolution plan dated May 19, 2021. Notably, the listing and trading process for these specific 5 crore shares is still being processed by the stock exchanges.
- Promoter Dev Land & Housing Pvt Ltd holds 5,00,00,000 equity shares as of March 31, 2026.
- Confirmed zero encumbrance (no pledging) on the entire promoter holding for the fiscal year.
- Shares were acquired through an NCLT resolution plan approved on May 19, 2021.
- The 5,00,00,000 shares are currently under process for listing and trading on the BSE and NSE.
GB Global Limited has approved the re-appointment of Mr. Paresh Jain as an Independent Director for a second five-year term. The new term will commence on June 5, 2026, and run through June 4, 2031, pending shareholder approval. Mr. Jain is a Chartered Accountant with over 10 years of experience in taxation, regulatory compliance, and corporate advisory. This move ensures continuity in the company's independent oversight and governance structure.
- Re-appointment of Mr. Paresh Jain as Independent Director for a second 5-year term
- Term effective from June 5, 2026, until June 4, 2031
- Mr. Jain brings over 10 years of professional experience in taxation and corporate advisory
- Appointment is subject to shareholder approval at the ensuing General Meeting
GB Global Limited has announced the re-appointment of Mr. Paresh Jain as an Independent Director for a second term of five years. The new term is scheduled to run from June 5, 2026, until June 4, 2031, subject to shareholder approval. Mr. Jain is a Chartered Accountant with over 10 years of professional experience in taxation and corporate advisory. This move aims to maintain continuity in the company's board composition and governance standards.
- Re-appointment of Mr. Paresh Jain as Independent Director for a second 5-year term
- Term effective from June 05, 2026, to June 04, 2031
- Mr. Jain possesses over 10 years of experience in taxation and regulatory compliance
- Appointment is subject to shareholder approval at the upcoming General Meeting
GB Global Limited's board approved the audited financial results for the year ended March 31, 2026, during its meeting on May 29, 2026. Crucially, the statutory auditors have issued a modified opinion on both standalone and consolidated financial statements, signaling potential concerns in financial reporting. The company also announced a series of auditor appointments, including M/s. Pradip Mohanlal Damania as Cost Auditor for FY 2026-27. New Secretarial and Internal Auditors were also appointed to oversee compliance and internal controls for the upcoming periods.
- Statutory auditors issued a modified opinion on the financial statements for the year ended March 31, 2026
- M/s. Pradip Mohanlal Damania appointed as Cost Auditor for the financial year 2026-27
- Secretarial Auditor appointed for a five-year term spanning FY 2025-26 to FY 2029-30
- Internal Auditor appointed for FY 2026-27 to manage internal financial controls
- Board meeting lasted six hours, concluding at 9:30 p.m. on May 29, 2026
GB Global Limited approved its audited financial results for the quarter and year ended March 31, 2026, during its board meeting on May 29, 2026. Critically, the statutory auditors have issued a modified opinion on the financial statements, which typically indicates reservations about certain accounting treatments or disclosures. The company also announced the appointment of M/s. Pradip Mohanlal Damania as Cost Auditor for FY 2026-27, alongside new Secretarial and Internal Auditors. The board meeting was notably lengthy, spanning six hours from 3:30 p.m. to 9:30 p.m.
- Statutory auditors issued a modified opinion on the audited financial statements for the year ended March 31, 2026
- Appointed M/s. Pradip Mohanlal Damania (FRN: 101607) as Cost Auditor for the financial year 2026-27
- Approved the appointment of a Secretarial Auditor for a five-year term spanning FY 2025-26 to FY 2029-30
- Internal Auditor appointed for the financial year 2026-27 to strengthen internal controls
- The board meeting concluded late at 9:30 p.m. following a six-hour deliberation on financial results and governance
GB Global Limited approved its audited financial results for the quarter and year ended March 31, 2026, during its board meeting on May 29, 2026. Significantly, the statutory auditors have issued a modified opinion on the financial statements, indicating potential accounting or valuation concerns. To strengthen oversight, the board appointed M/s. Pradip Mohanlal Damania as Cost Auditor for FY 2026-27 and designated new Secretarial and Internal Auditors. The board meeting lasted six hours, concluding late in the evening at 9:30 p.m.
- Statutory auditors issued a modified opinion on the audited financial statements for the year ended March 31, 2026.
- Appointed M/s. Pradip Mohanlal Damania (FRN: 101607) as Cost Auditor for the financial year 2026-27.
- Approved the appointment of Secretarial Auditors for a five-year term spanning FY 2025-26 to FY 2029-30.
- Internal Auditor appointed for FY 2026-27 to oversee internal control systems.
- The board meeting commenced at 3:30 p.m. and concluded at 9:30 p.m. on May 29, 2026.
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