GB Global Limited Approves Q2026 Financial Results; Notes on Merger Proceedings
GB Global Limited released its unaudited financial results for the quarter ended June 30, 2026, with both standalone and consolidated statements reflecting profitability across core operations. The Board of Directors reviewed these results alongside limited review reports. The company also provided an update on the progress of its proposed amalgamation with its holding company, Dev Land & Housing Private Limited.The results for the quarter ended June 30, 2026, were approved by the company's Board and prepared in accordance with Indian Accounting Standard 34 (Ind AS). Management noted that no current tax expense or provision was recognized due to significant brought forward business losses and unabsorbed depreciation available for set-offs.
Financial Performance Snapshot (Unaudited Standalone)
The standalone financial statements showed total income of 4,356.84 lacs of INR, against total expenses of 4,123.36 lacs of INR. This resulted in a profit for the period after tax of 180.07 lacs of INR.Key figures from the Unaudited Standalone Financial Results for the quarter ended June 30, 2026:
| Particulars | Amount (lacs of INR) |
|---|---|
| Revenue from operations | 2,876.31 |
| Other Income | 1,480.54 |
| Total Income | 4,356.84 |
| Total expenses | 4,123.36 |
| Profit for the period after tax | 180.07 |
Consolidated Results and Segment Performance
The unaudited consolidated financial statements reported total income of 11,922.31 lacs of INR against total expenses of 6,058.59 lacs of INR. The company recorded a profit for the period after tax of 2,082.48 lacs of INR.The results were reviewed by the Audit Committee and approved by the Board of Directors. Segmental performance data available for the quarter ended June 30, 2026, reflects operations across Textiles, Infrastructure Projects, and Unallocated Income.
Details from the Statement of Audited Segment Consolidated Financial Results show the following:
| Segment | Total Income (lacs) | Profit/before tax (lacs) |
|---|---|---|
| Textiles | 2,876.31 | 5,863.72 |
| Infrastructure Projects | 11,922.31 | 5,889.42 |
| Unallocated Income | 6,793.82 | 1,468.66 |
Corporate Development Update
The company provided an update regarding the proposed amalgamation with its holding company, Dev Land & Housing Private Limited. The merger was heard by the National Company Law Tribunal (NCLT) on July 15, 2026, and subsequently listed before the NCLT on August 12, 2026. The NCLT has reserved the final order in respect of the proposed merger, and management is seeking to receive the final order.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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