GSB Finance Ltd

CFO resignation details

• The resigning CFO is Vivek Kumar Singhal.
• Effective date: close of business on 23 September 2026.
• Reason: diversification of roles and responsibilities.
• No other material reasons for resignation are stated.
• Vivek Kumar Singhal will continue as Managing Director.
• New CFO appointment will be intimated separately when finalized.

Coffers Finvest Limited (formerly GSB Finance Limited) trading window closed from 01 October 2026 up to 48 hours after conclusion of the Board meeting to consider the unaudited financial results for the quarter ended 30 September 2026; Board meeting date to be intimated separately.

Regulatory appeal against SOP fines

• To file SAT appeal on 08.09.2026 against exchange remarks on in-principle preferential allotment.
• Appeal targets alleged outstanding SOP fines.
• One alleged fine of ₹1,61,70,000 plus GST out of total ₹1,62,90,000 plus GST.
• Matter relates to obligations from in-principle application for preferential allotment.
• Regulatory basis: SEBI LODR Regulation 30.
• Company to pursue SAT action and will make further disclosures as required.

Financial performance

• Revenue from operations ₹121.75 lakh; total revenue ₹123.20 lakh for FY2025-26.
• PBT ₹6.72 lakh; tax ₹37.57 lakh; PAT ₹(30.85) lakh.
• EPS Basic/Diluted ₹(0.51) per share for FY2025-26.
• Impairment on financial instruments ₹33.29 lakh; total expenses ₹116.47 lakh.
• Equity capital ₹6.00 crore; total equity ₹14.06 crore.
• No dividend recommended for the year.

Capital structure & liquidity

• Authorised share capital increased to ₹10 crore; approval 10 Aug 2026.
• ROC approval received on 25 Aug 2026.
• Name changed to Coffers Finvest Limited; effective 01 Sep 2026.
• Acquisition completed Nov 2025; new promoters Singhal, Agrawal, Nivesh Mandi, Stock Mandi.
• Open offer for up to 15.60 lakh shares at ₹21.44 each.
• Proposed preferential issue up to 12 lakh shares at ₹36 each; ₹4.32 crore.

Ownership & corporate actions

• Registered office moved within Mumbai in Nov 2025; corporate office opened at Raipur in Dec 2025.
• Headcount reduced to one employee as of 31 March 2026.
• Promoter group reorganization post-acquisition; post-acquisition promoters listed in the report.

Governance

• 12 Board meetings held in FY2025-26.
• Board evaluation: overall functioning satisfactory; NRC oversight.
• Independent Directors disclosed IICA registrations; online proficiency tests completed.
• Audit Committee at 31 Mar 2026: Pareek (Chair), Singhal, Mittal; changes announced July 2026.
• Secretarial audit: Ashita Kaul appointed; JK & Associates resigned.

Audit, risk & internal controls

• Statutory auditors issued unmodified opinion; no qualifications.
• Internal controls assessed; adequate system in place; risk management policy implemented.
• RBI NBFC disclosures prepared; compliance with Ind AS framework.

Related party transactions

• All related party transactions at arm's length; no material RPT contracts.
• Remuneration paid to Ramakant S. Biyani and Suyash Biyani ₹3.50 lakh each in 2025-26; ceased 02-12-2025.
• Related parties include GSB Capital Markets Ltd, GSB Securities Pvt Ltd, Nivesh Mandi, Stock Mandi.

Outlook & regulatory

• NBFC sector outlook positive; focus on prudent lending and risk management.
• Compliance with RBI Master Directions; continuing disclosures under Ind AS.
• CSR reporting not applicable; Company maintains robust governance framework.

AGM Details

• 43rd AGM on 30 September 2026 at 12:30 p.m. IST via VC/OAVM.
• Remote e-voting opens 27–29 Sept 2026; cut-off 23 Sept 2026.

Ordinary Business

• Adopt Audited Financial Statements for year ended 31 March 2026 with Board and Auditors' reports.
• Appoint director retiring by rotation, Kshitij Agrawal, eligible for reappointment.

Director Changes

• Kshitij Agrawal to be reappointed, retiring by rotation.
• First appointment on 20 November 2026; holds 392,000 Coffers Finvest shares.

Tie-up with CreditSea

• Entered into an ordinary-course tie-up with CreditSea to support lending operations.
• Arrangement is in the ordinary course and subject to applicable laws and the agreement terms.
• No investment size or financial metrics disclosed.

Name change details

• ROC approved the change of name from GSB Finance Limited to Coffers Finvest Limited, effective 01 September 2026.
• Fresh Certificate of Incorporation issued dated 01 September 2026 reflecting the new name.
• CIN: L99999MH2001PLC134193 (unchanged in filing).

Authorized capital increase

• ROC approved increase in authorized share capital from Rs 6,00,00,000 to Rs 10,00,00,000.
• New authorized equity shares raised from 60,00,000 to 1,00,00,000 of Rs 10 each.
• Concomitant amendment to the Memorandum of Association.
• ROC communication dated 25 August 2026 confirms the approval.
• Earlier intimation references dated 08.07.2026, 13.07.2026 and 11.08.2026.