GB Global Ltd Announces Changes in Board Composition; Tushar Momaiyah Appointed as Non-Executive Independent Director
GB Global Ltd has announced significant changes to its Board of Directors. The company confirmed the appointment of Mr. Tushar Momaiyah as a Non-Executive Independent Director, effective from the closing hours of July 17, 2026. Concurrently, Mr. Paresh Jain tendered his resignation and resigned from the post of Non-Executive Independent Director, also with effect from the same date.The Board meeting addressing these changes was held on Friday, July 17, 2026. The appointment and resignation were unanimously approved by the board members during this meeting.
Director Appointment Details (Mr. Tushar Momaiyah)
Details regarding the appointment of Mr. Tushar Momaiyah are as follows:
| Requirement | Disclosure |
|---|---|
| Reason for change | Appointment as the non-executive Independent Director. |
| Date and terms of appointment | Effective from closing hours of July 17, 2026, subject to terms approved by the Board. |
| Brief Profile | Mr. Tushar Momaiyah is a distinguished professional holding a Bachelor of Commerce (B.Com.) degree with specialization in financial parameters. He also possesses a Bachelor of Legislative Laws (LL.B.) degree and has experience in corporate laws, legal, regulatory compliance, and corporate governance. |
| Disclosure of relationships between directors | Not Applicable. |
Director Resignation Details (Mr. Paresh Jain)
The resignation details for Mr. Paresh Jain are as follows:
| Requirement | Disclosure |
|---|---|
| Reason for change | Personal reasons. |
| Date of cessation | With effect from closing hours of July 17, 2026. |
| Brief Profile | Not Applicable. |
| Directorships held by resigning director | Nil. |
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