GSB Finance Appoints Auditors, Plans Preferential Issue & Name Change
GSB Finance Ltd announced key decisions from its Board of Directors meeting held on July 13, 2026. The company approved an increase in authorized share capital to ₹10 Crores and plans a preferential issue of up to 12,00,000 equity shares at ₹36 each, aggregating ₹4.32 Crores. A significant change includes the proposed rebranding of the company from GSB Finance Limited to Coffers Finvest Limited. Additionally, Mr. Ravindra Kumar Singh has been appointed as the Internal Auditor for FY 2026-27, and M/s Ashita Kaul & Associates as Secretarial Auditors for FY 2025-26. The board also decided to convene an Extra Ordinary General Meeting (EOGM) on August 10, 2025, to seek shareholder approval for these changes.
Key Highlights
- GSB Finance to change name to Coffers Finvest Limited.
- Board approves preferential issue of equity shares worth ₹4.32 Crores.
- Internal and Secretarial Auditors appointed for upcoming financial years.
- Authorized share capital to be increased to ₹10 Crores.
- EGM scheduled for August 10, 2025, for shareholder approvals.
Price Impact
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