GB Global Ltd has announced a significant leadership change with Dev Thakkar resigning as Chairman. The company confirmed the designation of Vijay Thakkar as both Managing Director and Chairman, marking a new phase of governance. The transition reflects GB Global’s focus on continuity, strategic oversight, and strengthening its leadership framework.
GB Global Ltd, a leading textile and apparel company, has announced a leadership restructuring aimed at reinforcing governance and operational direction. The company confirmed that Dev Thakkar has resigned as Chairman, while Vijay Thakkar’s designation has been changed to Managing Director and Chairman, consolidating leadership responsibilities under one role.
Key Highlights:
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Resignation: Dev Thakkar has stepped down from his position as Chairman.
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New Leadership: Vijay Thakkar will now serve as both Managing Director and Chairman, ensuring unified leadership.
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Strategic Focus: The change is expected to streamline decision-making and strengthen corporate governance.
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Industry Context: GB Global continues to navigate challenges in the textile sector, focusing on innovation and global competitiveness.
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Future Outlook: The leadership transition is seen as a step toward enhancing shareholder confidence and driving long-term growth.
This development underscores GB Global’s commitment to evolving its leadership structure to meet industry demands and sustain momentum in a competitive market.
Sources: BSE India, GB Global Ltd official filings, Reuters