GB Global Limited has announced the final hearing date for its merger proceedings before the National Company Law Tribunal (NCLT) Mumbai Bench. The company has issued comprehensive public notices regarding the scheme of amalgamation with Dev Land & Housing Private Limited.

NCLT Hearing Details

The joint petition hearing is scheduled to take place before the NCLT Mumbai Bench on February 20, 2026 at 10:30 AM. The petition involves a scheme of amalgamation (merger by absorption) between GB Global Limited as the transferor company and Dev Land & Housing Private Limited as the transferee company, along with their respective shareholders.

Company Information

GB Global Limited (formerly Mandhana Industries Limited) serves as the transferor company in this merger. The company is incorporated under the Companies Act, 1956 with its registered office located at 10th Floor, Dev Plaza, opposite Andheri Fire Station, S.V. Road, Andheri (West), Mumbai - 400 058. The company's Corporate Identity Number is L17120MH1984PLC033553.

Dev Land & Housing Private Limited acts as the transferee company. This entity is also incorporated under the Companies Act, 1956 and shares the same registered office address as GB Global Limited. Its Corporate Identity Number is U70100MH2006PTC161220.

Legal Process and Public Notice

The petition was formally admitted by the NCLT on January 8, 2026, marking the beginning of the legal process for the proposed merger. In compliance with regulatory requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements on January 28, 2026.

The public notices appeared in multiple newspapers to ensure wide dissemination:

• Business Standard Newspaper
• Navshakti Newspaper
• Vijaya Vishwavani (Kannada) Newspaper
• Navrashtra Newspaper

Stakeholder Participation Process

Interested parties who wish to support or oppose the petition must follow specific procedural requirements. They need to send written notice of their intention, signed by their advocate, to the undersigned Authorized Representative at the company's registered address.

Key Requirements:

• Notice must reach the company at least two days before the hearing date
• Parties opposing the petition must provide grounds of opposition or a copy of their affidavit
• The notice should include the party's name and address

Document Availability

Copies of the Company Scheme Petition along with all exhibits will be made available by the Petitioner's Authorized Representative to any person requiring the same upon payment of prescribed fees.

Corporate Leadership

The notice bears the signature of Vijay Thakkar, Chairman & Managing Director of GB Global Limited (DIN: 00189355). The document was digitally signed on January 28, 2026 at 17:09:08 +05'30'.

This merger represents a significant corporate restructuring initiative for both companies, subject to NCLT approval and compliance with all regulatory requirements under the Companies Act, 2013.

GB Global Limited has announced major changes to its board leadership structure following a board meeting held on January 23, 2026. The company, formerly known as Mandhana Industries Limited, has implemented key personnel changes that will reshape its executive leadership.

Leadership Transition Details

The board meeting, which commenced at 11:30 a.m. and concluded at 4:05 p.m. at the company's registered office in Mumbai, resulted in unanimous approval of significant organizational changes. The primary decisions focused on executive leadership restructuring and board composition modifications.

Executive Profile and Background

Vijay Thakkar brings extensive experience in real estate and construction to his new role as Managing Director and Chairman. His professional background demonstrates long-term engagement in the construction industry, with particular focus on project oversight and process improvement. Thakkar maintains direct involvement in construction site operations, emphasizing value addition to final products and customer satisfaction enhancement. The company disclosed that Vijay Thakkar is married to Tanam Thakkar, who serves as a woman director on the company's board.

Resignation Details

Dev Thakkar submitted his resignation letter on January 19, 2026, citing personal and unavoidable reasons for his departure from the Chairman Non-Executive Director position. His resignation became effective from the closing hours of January 23, 2026, coinciding with the board meeting that approved the leadership changes. The resignation letter confirmed that no material reasons beyond personal circumstances contributed to his decision to step down.

Regulatory Compliance

GB Global Limited has fulfilled all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted comprehensive documentation to both the Bombay Stock Exchange and National Stock Exchange of India, including detailed annexures as required under Regulation 30. The notifications were signed by Dinesh Tarfe, Additional Director (DIN: 10104238), ensuring proper authorization and compliance with listing obligations.

Company Information

GB Global Limited operates from its registered and corporate office located at Dev Plaza, 10th Floor, Andheri (West), Mumbai. The company trades on stock exchanges under the scrip code 533204 on BSE and symbol GBGLOBAL on NSE. These leadership changes represent part of the company's ongoing organizational development as it continues its business operations under the new management structure.