GSB Finance Ltd

Financial results

• Unaudited quarterly results approved by the Board for quarter ended 30 June 2026.
• Limited Review report from Suvarna & Katdare attached.
• Total revenue 91.74 lakh; Profit before tax 81.82 lakh; Profit after tax 60.55 lakh.
• Two operating segments: Trading in F&O and Finance & Investment.
• Segment revenue 91.74 lakh; Segment profit before tax 88.62 lakh.
• Basic EPS 1.01; Diluted EPS 1.01.

Notes and approvals

• Audit Committee reviewed the results; Board approved the unaudited results.
• Results are subject to limited review by statutory auditors per Regulation 33.
• Note: from 01.04.2026, business reported in two segments under Ind AS 108.
• Figures disclosed in Rs lakh; per-share data with face value Rs 10.

EGM approvals

• Approval to increase authorized share capital from Rs 6 crore to Rs 10 crore.
• Issue up to 12 lakh equity shares at Rs 36 each via preferential allotment, subject to approvals.
• Name change to Coffers Finvest Limited with MOA/AOA alterations, subject to regulatory approvals.
• EGM held on 10 August 2026; scrutinizer report received 11 August 2026.

Resolutions

• Ordinary: Increase Authorized Capital and alter Capital Clause of MOA; promoter group not interested.
• Special: Preferential equity issue; 392,000 votes in favour (11.82% of outstanding); 0 against.
• Special: Change company name; amendments to MOA/AoA; promoter group not interested.

Voting outcomes

• Resolution 1 approved: 2,414,000 in favour, 0 against (100% of polled).
• Resolution 2 approved: 392,184 in favour, 32 against; 11.82% of outstanding polled.
• Resolution 3 approved: 2,414,000 in favour, 0 against (100% of polled).

Shareholding impact

• Promoter holding pre-issue: 3,315,175 shares (55.25%).
• Resolution 2 may dilute existing holdings due to preferential issue; allottees not disclosed.

Resolutions

• Ordinary resolution: increase authorized capital and alter MOA.
• Special resolution: issuance of equity shares on preferential basis.
• Special resolution: change in company name; amend MOA/AoA.

Voting status

• Voting conducted via e-voting and at EGM; results pending submission.

Meeting Details

• Board meeting scheduled for 12 August 2026; time and venue not disclosed.

Key Agenda Items

• Approval of unaudited standalone financial results for quarter ended 30 June 2026, with Limited Review Report.
• Trading window closed for designated persons and relatives from 1 July 2026 until 48 hours after results.

Resolutions proposed

• Resolution 1, Ordinary: Increase authorized capital to Rs 10 crore; amend MOA.
• Resolution 2, Special: Issue up to 12 lakh equity shares at Rs 36 each (Rs 26 premium).
• Resolution 3, Special: Change name to Coovers Finvest Limited; amend MOA/AOA.

Meeting details

• EGM date/time: 10 Aug 2026, 12:30 PM IST via VC/OAVM.
• Remote e-voting window: 7–9 Aug 2026; cut-off 3 Aug 2026.

Promoter participation

• Promoter participants: Vivek Kumar Singhal and Nivesh Mandi Private Limited named as allottees.

Post-issue ownership

• Post-issue promoter holdings elevated; Singhal and Mandi retained as promoters; others non-promoters.

Use of proceeds and listing

• Objects: Onward lending/investing and general corporate purposes; total up to Rs 4.32 crore.
• Equity shares to be listed on BSE; pari passu with existing shares.

Governance and valuations

• Name change requires regulatory approvals; no immediate management change.
• Valuation report required for post-issue stake >5%.

Capital and corporate actions

• Increase in authorized share capital to Rs 10 crore, subject to member and regulatory approvals.
• Preferential issue of up to 12 lakh equity shares at Rs 36 each to promoters and related entities.
• Name change from GSB Finance Limited to Coffers Finvest Limited, with member approvals.
• Alteration in MOA/AOA consequent to name change.

Auditors appointed

• Ravindra Kumar Singh appointed Internal Auditor for FY 2026-27; appointment date 13.07.2026.
• Ashita Kaul & Associates appointed Secretarial Auditor for FY 2025-26; appointment date 13.07.2026.

Audit Committee changes

• Audit Committee re-constituted; as of 13.07.2026: Mittal Chair, Singhal Member, Pareek Member.

EGM and approvals

• Extra-ordinary General Meeting called for 10 August 2025 to seek member approvals.
• CRC approved the name change; approvals required from members via EGM.
• Board meeting held on 13.07.2026; proposals to be placed before EGM.
• Annexure A discloses details of 12 lakh preferential allotment to five investors.
• Names of allottees include Vivek Singhal, Nivesh Mandi, Sumit Jain, Shinay Agrawal, Deepesh Chopda.
• Post-preferential holdings shown in Annexure B.
• Name change requires member approval via special resolution at ensuing EGM.

Meeting Details

• Board meeting scheduled for 13 July 2026; time and venue not disclosed.

Key Agenda Items

• Proposal for increase in Authorized Share Capital of the Company.
• Proposal to raise funds by equity share issue via permissible modes, incl. preferential issue, subject to approvals.
• Proposal for change in name of the Company and alteration in MOA and AOA.
• Proposal to approve Notice of Extraordinary General Meeting/Postal ballot with explanatory statement.

Other Notes

• Trading window closed for upcoming results; not closed separately for these agenda items.
• Date of Board Meeting to be intimated separately.