5332042025-03-215332042025-03-212025-03-215332042025-03-212025-03-21AmalgamatedEntityDomain15332042025-03-21AmalgamatedEntityDomain15332042025-03-212025-03-21AmalgamatedEntityDomain25332042025-03-21AmalgamatedEntityDomain2xbrli:purexbrli:sharesGB GLOBAL LIMITEDGBGLOBALNewAmalgamation/ Merger2025-03-212025-03-21GB GLOBAL LIMITEDTransferorListed Entity (self)500000000.9993331430.00070050033143100000000DEV LAND AND HOUSING PRIVATE LIMITEDTransfereeOthers19308800100001930880011930880010000193088001true2024-09-042024-09-04falsetrueDev Land & Housing Private Limited is the holding Company of GB Global Limitedtrue2025-03-31Transferee Company is currently engaged in Infrastructure, Construction, redevelopment of properties and other Real estate business. Transferor Company is inter alia, engaged in the business of manufacture of textile and sale of garments and Infrastructure business on consolidation basis.Managements of both the companies believe that it is in the best interest of the stakeholders to consolidate the group companies. The following benefits will accrue pursuant to the Scheme: i. To reduce administrative and compliance cost and improve corporate governance; ii. To achieve operational and management efficiency by virtue of centralized control; iii. To streamline of organizational structure for eliminating inefficiencies in operations; iv. Improve cash management, and provide access to increased cash flow generated by the combined business which will enable the Transferee Company to fund business opportunities thereby growing into a larger and stronger entity; v. The absorption will result in creation of a single larger unified entity in place of separate entities thus resulting in increased profitability and efficient synergies of operations. vi. Consolidation of the business, leading to synergies of operations and resulting in the expansion and long-term sustainable growth, which will enhance value for various stakeholders of the Transferee Company; vii. Seamless implementation of policy changes, reduction in the multiplicity of legal and regulatory compliances and costs rationalization resulting in improvement in shareholder returns; viii. Pooling of knowledge and expertise of both the parties and align with the business plans to meet long-term objectives. ix. To ensure effective revival of the Transferor Company which is marred by various procedural and technical difficulties in the implementation of the resolution plan faced by the company with the stock exchanges and this merger will enable optimization of business of the Transferor Company.OthersExit opportunity shall be given to every shareholder except transferee Company vide open offer of Rs. 120/- (Indian Rupees One Hundred and Twenty only) per equity share against the face value of Rs. 10/- (Indian Rupees Ten only) each, held by the Eligible Shareholders of the Transferor Company and one redeemable preference shares against one equity shares held by the Eligible Shareholders of the Transferor Company.The listed entity shall stand dissolved after post merger.NA