GB Global Limited reported a consolidated net profit of ₹7,827.35 lakh for the financial year ended March 31, 2026, while standalone profit stood at ₹2,904.33 lakh. The company's statutory auditors, M/s. Bhuta Shah & Co. LLP, issued an audit report with a modified opinion, citing that balances of trade payables, trade receivables, advances, and GST balances are subject to confirmation and reconciliation. Consequently, the auditors stated they are unable to comment on the resultant impact on assets, liabilities, and profit for the period.

The Board of Directors approved the audited financial statements for the quarter and year ended March 31, 2026, during a meeting held on May 29, 2026. The meeting also saw the appointment of statutory auditors and other key personnel. M/s. Pradip Mohanlal Damania was appointed as the Cost Auditor for the financial year 2026-27, while M/s. Himesh Pandya & Associates was appointed as the Secretarial Auditor from FY 2025-2026 till FY 2029-2030. Additionally, M/s. JVJ & Co. LLP was re-appointed as the Internal Auditor for FY 2026-27.

The company reported total consolidated income of ₹20,996.89 lakh for FY26, compared to ₹29,148.71 lakh in the previous year. Total expenditure for the year was ₹16,475.13 lakh. On a standalone basis, total income was ₹14,884.71 lakh, with total expenses at ₹12,956.70 lakh. The earnings per share (EPS) for the consolidated entity was ₹15.64 for the year, while standalone EPS was ₹5.80.

Financial Performance

The following table outlines the key financial metrics for GB Global Limited for the financial year ended March 31, 2026:

Audit Qualification Details

The management stated that the audit qualifications are qualitative in nature, and the impact is unascertainable. This is attributed to the company being acquired under the Corporate Insolvency Resolution Process (CIRP), resulting in a deficiency in manpower and limited access to past records. As a result, the adjusted figures in the financial statements remain the same as the audited figures. The auditors concurred, asserting that the qualifications are qualitative and precluded them from commenting on the financial impact.

Auditor and Board Appointments

The Board approved the re-appointment of M/s. JVJ & Co. LLP as Internal Auditors, noting the firm's experience of over five years in audit. M/s. Himesh Pandya & Associates, a sole proprietorship firm, was appointed as Secretarial Auditor for a five-year term. The Cost Auditor, M/s. Pradip Mohanlal Damania, was appointed for the financial year 2026-27, with the firm operating at arm's length relationship with the company.

GB Global Limited has announced that its board of directors will meet on Friday, May 29, 2026, to consider and approve the annual standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The meeting is scheduled to take place at 03:30 p.m. at the company's registered office in Mumbai.

Agenda for the Board Meeting

The primary agenda for the meeting includes the approval of the audited financial results for the fiscal year 2026. Additionally, the board will deliberate on the appointment of a cost auditor for the financial year 2026-2027 and the appointment of a secretarial auditor. Other matters incidental to these items or required under SEBI regulations may also be discussed.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has informed the stock exchanges that the trading window for its securities remains closed. This closure, effective from April 1, 2026, applies to all employees, designated employees, and directors, including their immediate relatives. The window will remain closed until June 1, 2026.

Key Meeting Details

The outcome of the board meeting and the financial results will be submitted to the stock exchanges in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.