Reply to Clarification- Financial results

Date: 25th June, 2025 The Manager Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 Symbol: GBGLOBAL Dear Sir/Madam, Ref: Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 This is with reference to your email dated 20th June, 2025 regarding the deficiencies observed in the submission of financial results by GB Global Limited ('the Company') for the quarter and year ended 3 l March 2025, filed by the Company on 29th May, 2025. We wish to clarify and respond as under: Observations Management Response Machine Readable I Legible Copy of We regret the inadvertent omission of Financial Results submitting a legib]e, machine-readable copy of the financial resu1ts in the prescribed format. The required document has now been prepared and submitted on the NEAPS portal under Compliance > Result Adequacy Accuracy Module. Statement of Impact of Audit Qualification The Company hereby submits the duly signed Statement of Impact of Audit Qualifications (in the prescribed format as per SEBI Circular CIRJCFD/CMD/56/2016) on NEAPS Portal. GB GLOBAL LIMITED : ·-;. ;·r· :, 1 \! :\1 ': • V •. r- : ~ ' • ', ' ; ~ ; j L : ~~ We are enclosing herewith statements of impact of Auditors qualification (Standalone and Consolidated) for the for the quarter and year ended 31st March, 2025. Request you to kindly take the above on record and consider our submission as compliance with your observations. Thanking you. Yours faithfully, For GB GLOBAL LIMITED (For-~erly Mandhan~ IndustriesL imited) Vijay Thakkar Managing Director DIN: 00189355 GB GLOBAL LIMITED lndustrl.sL lmltNI) ~d. & Corporate Oft•c.e : Dev Plaza, 10th Floor, Opp. Andhen Fire Brigade, S. V. Road, Ardhen (West), Mumbai -400 O:iE. Tel.: 91-22·4038 3838 I E-mail:info@gbgloba,.in I Website: www.gbglobal.in B·HUTA S AH& CoLL1· CH:\RTERED i\:CCOUNTllNT~ Head Office : 302-304, Regent Chambers, Nariman Polnt, umbal 400021. Branch Office: Unit Nos 431/432, 3rd noor, SolltaJre Corporate Park no - IV, Andhe11i Kurla Road, Chakala, Andheli East, Mumbai 400093. Than Offlc ; 1501, Or ana Busin ss Park, Wagle estate.Thane est, umbat 400 601. T:+9122434391911+912222832626, www.bhutashah.com 01 TR' F R p rt on th audit of th tand Jon Financi I Re ults Qualifi d Opinion We ha audited the accornpan ing andalon Fina icia! Re ult of B lobal Li ited (the "Compan , ') for the quarter ended 3 I"'' March, 2025 and the year to date re ult for the year from 1 pri , 202 to 31 arch 2025 to ther i'-'ith th note thereon { he " ta ment ) att che her with bein ubmitted b the ompany pursuant to he requin ment of Re ulation 3" of the ecurities and Exchange Bo rd of India (L' tino blioation and Di closure R quir ments) Regulation 20l5 a amended (' i tins Regulation '). In our opinion and to th est of our infi rmat ion and according t the plana ions en lo us he ' tandalon inancial Re ult. : a e pres nted in accordan e \ ith the r quirem nt of R gL la ion 33 of th i. lino R gulation · and 11. to ur ara r·- ph on Busi, Qualif, d Opinion give a rue and fair ·· iew in o rformi ith th r cognition and m asur n en prin iple . laid do n in the applicabl a ounting stand rds nd ther ccounting principle g ner Uy a epted in India of the net prof l and o her ompr h n ive income and oth r finan ial in ormation 'or the quart nd d 31 March 2025 as well as th ye r-to-date suit from l April 2024 to ., 1 March or ualiued , pi.nio a). Compl te detail v -ith regard to In entory (quantity and aluation) as at ... ] March, 2025 is not made a ailablc to u . b) Balanc of trad payabl s, trade rec i abl s, advanc r eiv d and ad anc I iven (in luding apital adv n e and ubj t o onfirmatiou, r onciliation and n eaueuti I adiu uncut. i anv, r unable to corm ent upon th resultant impa t of the abo eon a et. liabilities. and profit for h quarter and ; ear ended 31 March. 202 ~. We c nducted our audit of the tatement in accordance uditing pecified under ection 14"'1(10) of the ct. ur r pon ibill ie under tho c tandards are forth r de crib din the udiror' R ponsi iliti for he u it f'the Con olid ted -inancial e ults e tion of our report. We are independent fthe Group in accordance wi 11 h Code of :thic i su db) the n l o hartered c ountai t o India c··1 I" tog th r with th ethical requir menr · ti at ar ~li -<" o our audit of he Con olidar d Fin ncial Re uhs und r the pr , i ion, of th ct and the Rul th r mder, and we ha\", fulfilled our other thi a] r1 spon ibiliri BHUTA SHAH& CH RT .D, , COU TA_ "TS r quirernents and the iCArs Code of Ethics. \Ve r-~iie·:e that the .--:v • .,. •. .• - 1- .--- --- ::.- 1•~ • - .- ·- - ·-·-·-···-- -·· -··- -·-~-- -· sufficient and appropriate to p1 ";~r,;;,.. :, : :- .i~; ,,~,; .. :,- _ he e quarterlj tandalone f: .. ,. ;""!, R ... ;;: .. it ... ,.. :: n'- .:,_ p ~~·- .. ·-·:~·- ":.~ ... : ... : _ ::-: ...... ;_::: r_ .. : __ have been prepared 011 the h : ",; ;: • .-- ;.,;,--; : :-: .. ~ :n: e..:~;rn,.--- .. ; ~h- .~ : -~:.;. - :"':. -~ .. : .. :-- Director are respon ible fo, i.:,..., p•rc ..... , ... ;; f::.._ :-:: :,.: ~ :-: .. ~m.: : ~.--,.:; .. ;:.~; ::•v .. ~ ; ~ m .. : fair view of he net p, ofit/Ios ......... rl .. :: ..- . .:.. ~.., .... !, ~:~~ : .. ~,- - ,.. .. : .. :: .. _. :-~ ........ ~ : .... ; : .. :-~ :: .... : .. ace rdanc with the recognition and m-::asurement principle~ l~id do· ..· .·r-; in in~fo.rn ,~~""~~:...:::~g. Standard 34. hlterim. inancial Reportin:' pr::scri~~.1 ::.H':der Section U3 oft!:~ A~t re~d -.·.-ith r-::iev.:r::t rules is ued thes under and oth .r ,arcuLua~ub pria~;i-';,~~ ~ _.n: aH .. · scce .. ·ted ~n India and in ~~m.-Ea··:ce wi h R gulation 3) uf th t isting ~ .... ~ .. :,u:V'", . :.;, ,~ .. :•vm,::.::,:.; .;.;u, : ... : ... :-~ ... ~: ......... :-; ........ : ad quat accounting [ rn,dQ in ACf't'lii"i1~r'lt",P •• ;;~. ;:,.-: : .. -, ,_ : ... : ...... .,;' ;;, .... .:.. ; :'... ,_;' .... .z .. - .. :: .. .: , ,;' ;:w ass ts of the Company and for pr.venting a:11,~ '" .. -*ee-~ .... 1_ ran i~ ~!~· • other .!.!.~-~·~ ities: ~--\_--_. . -&__s!! and applic tion of appmpriafe ace ...... ;;_,5 ~ ... :: .. :L._-._ n..-.:..: .. '.: ~ ... :~ ....... ; .. ,rn,: ~ ..; : ... ;;: .... ::w: m,. reasonable and prudent; and design; ~~;:-~~~':"~~!<':'"" .am'.! m~=~t:;rmm;"' cf !i.1eq.,.:~t~ i:-:~~::-:-:~; finan iaf controls that ""'"re oper"'_•; ....... ;;-. .. ,.,;.,::;;, ;. ...... ~ ... : .. :.: ,;,_ ~·-·- .. ~~ .. _,,, ~rn: "'~•m:..•:_,_ .. -~~ Of the 8CCOUO,ting re ords, trek 0(1IU IU ti1- ,µn::p~ta1:iufl lUlU p:1;;~t;;:u::.iu:: U; ti:~ ;u:m..i~:uw.:; ;;::..:.~:~i.::.i R suits that give a. true and fair view:.::. ... :- ..~ ...... ; • .-r- from rn::ter1a: ,n1;ss 1areenent. whether ~ue !O ;~au~ or rror. In preparing the randalone Financial !'!v~;;::- .... _ the ~oar.!,.:,;- ~r~-t!C~ufS -- - res;;onsibi:;, fr~r ~:-5.;s.s;;.;,; the ompany's abili · to continue as a going corcem; disdosing, t;S ~pr,ilc~bi::, rn.1:'J~.~ r~l:H::d h~ goino ooncen, and using the go;"" ''':'~··-- b~,;;~,: ,-,f -:.,~,--..-. ... ,:-~,- • .:: : ... ~.:' :-~ ... n,.;:.r.-! ,-.~':: n;.-'w,~-t.·• •" .a.:1:, ... ;c- intend to liquidate the rUIIIJJ"'"Y ... 'r,. - , • ., n:,,...,,., : .... ,. V' :,M_ ~~::.:. :c ~=--·..-A•: .. _ : ....... .; .. :::-· ·. Our objccti Sare to obtain l"P-_,f'll'!Jl:!Jhi,; ac;::u,i;;n;,,; !0ihr\;1t U!hrth.,.i" :h ... -:::t,..~.-bi,-;;-.~ ~i,, ..i "i,"'i,d ~.~.: • .:.~FF a\ •hole fC fr from material mi __ ti:1,..-,-,.,-.,,_ ....,:;.-;:,...,, ,,:,;.::, ;., ;',;;,.,Z .;, ,-.,, ", ::!'": ,-., : ... _,;,... , -,:,::., .. r" - report that in lud nr nninim .. Kf'm-""":.:,~ --= ;.,, :.::::. :~vr.: ,,;- --'"'e"'< : : :_ .,..: ,.. guarant that an audit _nndur.t _n in QLLrn .~ .... ~~ ~ :::, :-:_A_, -;W ::: .~: ~.;,~W ~, :~:~ •. : ~ , ... ~:. ,0 : •• : "" :_ .. :.....:. '""~••: h nit xi t . - ,i tatemenL can ari~- ;~o.~~ :~.~"'.,,: ~~ .,,~;,.~ .. ;;.-! .~;-. .. ~-=-""':.::-=-•-~ '"~~-=-· ;~~ :;-~ ; ... ~~- :. [Showing first 8,000 characters — download PDF for full document]