GB Global MD, chairman, board of directors and AGM

BSE: 533204Textiles & Apparels

Formerly Mandhana Industries

Trading suspended since 1 Jun 2021

Last traded ₹9.30 on 31 May 2021

GB Global board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorVijay Thakordas Thakkar

6 directors3 independent1 executive2 non-executive

  • Vijay Thakordas Thakkar · Chairperson and managing directorExecutive · joined Jun 2021 · 2 listed boards · 2 committee seats
  • Paresh JainIndependent · joined Jun 2021 · reappointed Jun 2026 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Tanam Vijay ThakkarNon-executive · joined Jun 2021 · 2 listed boards · 2 committee seats
  • Aayush Prashant AgrawalIndependent · joined Aug 2023 · 34 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Akshat Prashant AgrawalIndependent · joined Aug 2023 · 34 months as independent · 1 listed board · 1 as independent
  • Dinesh Sahadev TarfeNon-executive · joined Nov 2025 · 1 listed board · 1 committee seat, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Dev Vijay Thakkar, left 23 Jan 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 4 Jun 20264 of 6 present2 independent · 5 days in between
    • 29 May 20266 of 6 present2 independent · 28 days in between
    • 30 Apr 20264 of 6 present2 independent · 75 days in between
    • 13 Feb 20264 of 6 present2 independent · 20 days in between
    1 earlier meeting
    • 23 Jan 20265 of 7 present2 independent

  • Audit Committee

    Chair Paresh Jain

    Vijay Thakordas Thakkar, Aayush Prashant Agrawal

    • 29 May 20263 of 3 present2 independent
    • 30 Apr 20263 of 3 present2 independent · 75 days in between
    • 13 Feb 20263 of 3 present2 independent · 20 days in between
    • 23 Jan 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Paresh Jain

    Aayush Prashant Agrawal, Dinesh Sahadev Tarfe

    • 4 Jun 20263 of 3 present2 independent
    • 29 May 20263 of 3 present2 independent
    • 23 Jan 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Dinesh Sahadev Tarfe

    Vijay Thakordas Thakkar, Paresh Jain

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Dinesh Sahadev Tarfe

    Vijay Thakordas Thakkar, Paresh Jain

    • 29 May 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Atul GalaPeer-review certificate valid to Mar 2027
1 earlier auditor
  • Bhuta Shah & Co LLPNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

GB Global AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.GB Global dividend history

Extraordinary general meeting, 3 Dec 2025

3,689 shareholders on the register on 22 Oct 2025; present: 1 promoter and 15 others; votes counted by Himesh Pandya / Himesh Pandya & Associates.The company's voting result (opens in a new tab)

  1. TO CONSIDER AND APPROVE THE SCHEME OF MERGER BY WAY OF ABSORPTION BETWEEN GB GLOBAL LIMITED (“TRANSFEROR COMPANY”) AND DEV LAND & HOUSING PRIVATE LIMITED (“TRANSFEREE COMPANY”) AND THEIR RESPECTIVE SHAREHOLDERSMoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 0.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2025, 8 resolutions

3,628 shareholders on the register on 22 Sep 2025; present: 1 promoter and 17 others; votes counted by Himesh Pandya / Himesh Pandya & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 99.94% · promoters 100.00% · institutions 0.00% · other public 8.83%

  2. To consider appointment of Mrs. Tanam Thakkar (DIN: 00284512) who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 99.94% · promoters 100.00% · institutions 0.00% · other public 8.83%

  3. To consider and approve the related party transactions for Financial Year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 99.94% · promoters 100.00% · institutions 0.00% · other public 8.83%

  4. To ratify the remuneration payable to the Cost Auditors of the Company for the financial year 2025-2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 99.94% · promoters 100.00% · institutions 0.00% · other public 8.83%

  5. To consider and approve the limits under section 185 of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 99.94% · promoters 100.00% · institutions 0.00% · other public 8.83%

  6. To consider and approve the limits under section 186 of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 99.94% · promoters 100.00% · institutions 0.00% · other public 8.83%

  7. To consider and approve the limits under section 180(1)(a) of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 99.94% · promoters 100.00% · institutions 0.00% · other public 8.83%

  8. To consider and approve the limits under section 180(1)(c) of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 99.94% · promoters 100.00% · institutions 0.00% · other public 8.83%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 31 Mar 2025, 1 resolution

3,628 shareholders on the register on 22 Mar 2025; present: 1 promoter and 17 others; votes counted by Himesh Pandya / Himesh Pandya & Associates.The company's voting result (opens in a new tab)

  1. To consider and approve the Merger of GB Global Limited and Dev Land and Housing Private Limited and their respective shareholders
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 8.84%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 30 Oct 2024, 2 resolutions

Present: 1 promoter and 17 others.The company's voting result (opens in a new tab)

  1. To consider and approve the alteration of Memorandum of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.21%

  2. To consider and approve the purchase of an understanding of one of the division of Flowline Developers Private Limited by way of Business Transfer Agreement
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.21%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2024, 7 resolutions

Present: 1 promoter and 17 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2024, together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.18%

  2. To consider appointment of Mr. Vijay Thakkar (DIN: 00189355) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.18%

  3. To consider and approve the related party transactions for Financial Year 2024-25
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.18%

  4. To consider and approve the limits under section 185 of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.17%

  5. To consider and approve the limits under section 186 of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.17%

  6. To consider and approve the limits under section 180(1)(a) of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.18%

  7. To consider and approve the limits under section 180(1)(c) of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.18%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2023, 8 resolutions

Present: 1 promoter and 19 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the FY ended 31st March, 2023, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.32%

  2. To consider appointment of Mr. Dev Thakkar (DIN: 07698270) who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.32%

  3. To regularize and appoint Mr. Aayush Agrawal (DIN: 09101979) as a Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.32%

  4. To regularize and appoint Mr. Akshat Agrawal (DIN: 09107481) as a Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.32%

  5. To regularize and appoint Mr. Dinesh Tarfe (DIN: 10104238) as a Non-Executive Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.32%

  6. To consider and approve the alteration of Memorandum of Association of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.32%

  7. To consider and approve the related party transactions.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.32%

  8. To consider and approve the unanimous approval for making Loan/Investment
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 99.94% · promoters 99.98% · institutions 0.00% · other public 13.32%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Sep 2022, 10 resolutions

Present: 1 promoter and 44 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Standalone Financial Statements for the Financial Year ended 31st March, 2021 along with Auditors Report thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 32.65%

    Turnout: all 99.93% · promoters 100.00% · institutions 0.00% · other public 0.15%

  2. To appoint M/s. Bhuta Shah & Co LLP, Chartered Accountants as the Statutory Auditors of the Company and fix their remumeration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 36.36%

    Turnout: all 99.93% · promoters 100.00% · institutions 0.00% · other public 0.14%

  3. Appointment of Mr. Dev Thakkar (DIN: 07698270) as a Non-Executive & Non-Independent Director liable to retire by rotation
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 38.64%

    Turnout: all 99.93% · promoters 100.00% · institutions 0.00% · other public 0.14%

  4. Appointment of Mr. Vijay Thakkar (DIN: 00189355) as an Executive & Non-Independent Director and Managing Director, liable to retire by rotation
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 38.64%

    Turnout: all 99.93% · promoters 100.00% · institutions 0.00% · other public 0.14%

  5. Appointment of Mr. Paresh Jain (DIN: 05159799) as an Independent Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 38.64%

    Turnout: all 99.93% · promoters 100.00% · institutions 0.00% · other public 0.14%

  6. Appointment of Mr. Shailesh Vora (DIN:01381931) as an Independent Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 38.64%

    Turnout: all 99.93% · promoters 100.00% · institutions 0.00% · other public 0.14%

  7. Appointment of Mrs. Tanam Thakkar (DIN: 00284512) as Non-Executive & Non-Independent Woman Director, liable to retire by rotation
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 38.64%

    Turnout: all 99.93% · promoters 100.00% · institutions 0.00% · other public 0.14%

  8. Appointment of Mr. Harsh Somaiya (DIN: 06360600) as an Executive & Non-Independent Director and Chief Executive Officer, liable to retire by rotation
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 38.64%

    Turnout: all 99.93% · promoters 100.00% · institutions 0.00% · other public 0.14%

  9. Shifting of registered office of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 36.36%

    Turnout: all 99.93% · promoters 100.00% · institutions 0.00% · other public 0.14%

  10. Change in place of keeping registers and records of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 38.64%

    Turnout: all 99.93% · promoters 100.00% · institutions 0.00% · other public 0.14%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Dec 2020, 2 resolutions

Present: 10 promoters and 21 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements of the Company for the financial yearnended 31st March, 2020 and the Reports of the Board of Directors and the Auditors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 0.10% · promoters 0.00% · institutions 0.00% · other public 0.15%

  2. Ratification of the remuneration payable to the Cost Auditor for the financial year endingnMarch 31, 2021
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 0.10% · promoters 0.00% · institutions 0.00% · other public 0.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeCentral Circle 1 (4)Since 28 Apr 2022
    Pending with CIT (A)- 47
  • Tax disputeCentral Circle 1 (4)Since 22 Jul 2025
    Pending with CIT (A)- 47
  • Tax disputeCentral Circle 1 (4)Since 24 Oct 2025
    Pending with CIT (A)- 47
  • Tax disputeCentral Circle 1 (4)Since 24 Oct 2025
    Pending with CIT (A)- 47
  • Tax disputeCentral Circle 1 (4)Since 21 Jan 2026
    Pending with CIT (A)- 47

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.