GB Global Limited Lends Rs. 13 Crore to Tangent Profin Private Limited
GB Global Limited disclosed lending Rs. 13,00,00,000 to Tangent Profin Private Limited under SEBI Regulation 30 requirements. The transaction was conducted on arm's length basis with no promoter interest, as confirmed in the March 23, 2026 filing signed by Chairman & Managing Director Vijay Thakkar to BSE and NSE.
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GB Global Limited has announced lending Rs. 13 crore to Tangent Profin Private Limited, as disclosed in a regulatory filing under SEBI's disclosure requirements. The transaction represents a significant financial commitment by the company and was conducted following proper regulatory protocols.
Transaction Details
The lending arrangement involves a substantial amount that highlights GB Global's financial capacity and strategic business decisions.
| Parameter: | Details |
|---|---|
| Loan Amount: | Rs. 13,00,00,000 (Rupees Thirteen Crore only) |
| Recipient: | Tangent Profin Private Limited |
| Transaction Basis: | Arm's Length |
| Promoter Interest: | None |
| Disclosure Date: | March 23, 2026 |
Regulatory Compliance
The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. GB Global Limited formally communicated this information to both major stock exchanges where the company is listed.
The company specifically clarified that promoters and promoter groups have no interest in this investment, ensuring transparency in the transaction structure. The arm's length basis of the transaction indicates that it was conducted under normal commercial terms without any preferential treatment.
Corporate Information
GB Global Limited, formerly known as Mandhana Industries Limited, operates with its registered and corporate office located in Mumbai. The disclosure was signed by Vijay Thakkar, Chairman & Managing Director, demonstrating senior management oversight of the transaction.
The company trades on both BSE (Script code: 533204) and NSE (Symbol: GBGLOBAL), ensuring broad market accessibility for investors seeking to track the company's performance following this significant lending decision.
What is the intended use of the Rs. 13 crore loan by Tangent Profin Private Limited and how might this impact GB Global's future returns?
How will this significant lending commitment affect GB Global's liquidity position and ability to fund its core business operations?
What are the loan terms including interest rate and repayment schedule, and how might this influence GB Global's revenue stream over the coming quarters?
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