News Stocks GB Global Limited Announces Key Board Changes with New Managing Director and ChairmanGB Global Limited Announces Key Board Changes with New Managing Director and Chairman
GB Global Limited has implemented significant board changes effective January 23, 2026, promoting Vijay Thakkar to Managing Director and Chairman while accepting Dev Thakkar's resignation from Chairman Non-Executive Director due to personal reasons. The changes were unanimously approved during a board meeting and properly communicated to stock exchanges in compliance with SEBI regulations.
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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.
| Change Type: | Details |
|---|---|
| New Managing Director & Chairman: | Vijay Thakkar (DIN: 00189355) |
| Effective Date: | January 23, 2026 |
| Resignation: | Dev Thakkar (DIN: 07698270) |
| Previous Role: | Chairman Non-Executive Director |
| Resignation Date: | January 23, 2026 |
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.
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