GB Global Limited Announces Board Changes with Appointment and Resignation of Independent Directors
GB Global Limited has announced key changes to its Board of Directors following a meeting held on July 17, 2026. The company confirmed the appointment of a new Non-Executive Independent Director and the resignation of an existing member from the Board.The Board of Directors met at the company's registered office in Mumbai, where they unanimously approved the leadership transitions and took note of various other agenda items related to the ongoing operations of the business.
Leadership Transitions
The company has appointed Mr. Tushar Momaiyah as a Non-Executive Independent Director. Mr. Momaiyah joins the Board with an academic background including a Bachelor of Commerce (B.Com.) degree with a specialization in financial parameters. He also holds a Bachelor of Legislative Laws (LL.B.) degree and possesses experience in corporate laws, legal and regulatory compliance, and corporate governance.Simultaneously, Mr. Paresh Jain has resigned from his position as Non-Executive Independent Director. His resignation was submitted on July 6, 2026, citing personal and unavoidable reasons.
The following table summarizes the details of these board changes:
| Action | Director Name | Role | Effective Date | Reason/Profile Summary |
|---|---|---|---|---|
| Appointment | Mr. Tushar Momaiyah | Non-Executive Independent Director | July 17, 2026 (Closing hours) | Professional with B.Com. and LL.B. degrees; experience in corporate laws and governance. |
| Resignation | Mr. Paresh Jain | Non-Executive Independent Director | July 17, 2026 (Closing hours) | Resigned due to personal reasons as per the resignation letter dated July 6, 2026. |
The appointment of Mr. Tushar Momaiyah is effective from the closing hours of July 17, 2026, under the terms approved by the Board. The resignation of Mr. Paresh Jain is also effective as of the closing hours on the same day.
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