GB Global Limited’s board of directors noted the National Company Law Tribunal (NCLT) Mumbai Bench-I order dated August 12, 2026, which sanctioned the scheme of amalgamation with Dev Land & Housing Private Limited.

The board meeting held on September 3, 2026, focused on implementing the merger order received on September 1, 2026. The tribunal passed the order in CP (CAA) No. 6/MB/2026 in CA (CAA) No. 219/MB/2025.

Implementation Steps

The board authorized the filing of Form INC-28 with the Registrar of Companies, Mumbai, along with requisite documents as per the Companies Act, 2013. Any director is empowered to sign and execute these filings.

All assets, liabilities, contracts, and proceedings of GB Global Limited will transfer to Dev Land & Housing Private Limited. The company must also adjudicate and pay applicable stamp duties.

Delisting Process

The board approved actions required for delisting equity shares under the SEBI (Delisting of Equity Shares) Regulations, 2021. Dev Land & Housing Private Limited is authorized to complete all necessary applications and documents for this process.

The transferee company holds full authority to execute acts necessary to implement the scheme in accordance with applicable laws.

What the Numbers Show

The transaction marks a definitive corporate restructuring event rather than an operational financial update. The absence of financial metrics in this disclosure indicates the primary focus is legal compliance and regulatory filing rather than performance reporting.

The National Company Law Tribunal (NCLT), Mumbai Bench, has reserved its order regarding the scheme of merger by absorption between GB Global Limited and Dev Land and Housing Private Limited. The tribunal heard the matter on July 15, 2026, and reserved the judgment for C.P. (CAA) 6/MB/2026 in C.A. (CAA) 219/MB/2025. The proceedings fall under Sections 230-232 of the Companies Act, 2013.

GB Global Limited disclosed the development to the stock exchanges on July 22, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that it received the order sheet from its counsel on the same day.

Legal Proceedings and Representation

During the hearing on July 15, 2026, counsel for the petitioner, the National Stock Exchange of India, the Bombay Stock Exchange, and the Securities & Exchange Board of India were present. The parties had filed written submissions, which the bench took on record before reserving the order.

The bench comprised Sh. Prabhat Kumar, Hon'ble Member (Technical), and Sh. Sushil Mahadeorao Kochey, Hon'ble Member (Judicial).

Merger Details

The proposed scheme involves the merger of GB Global Limited, the transferor company, with Dev Land and Housing Private Limited, the transferee company. The specific application numbers for the proceedings are C.P. (CAA) 6/MB/2026 and C.A. (CAA) 219/MB/2025.