AGM/EGM11 Aug 2026, 07:30 pm
GSB Finance Ltd Members Approve Capital Increase and Name Change
AI Summary
GSB Finance Ltd announced that its members have approved key business items at an Extraordinary General Meeting (EGM) held on August 10, 2026. The approvals include a significant increase in authorized share capital from ₹6 Crores to ₹10 Crores, the issuance of up to 12,00,000 equity shares via preferential issue at ₹36 per share aggregating ₹4.32 Crores, and a change in the company's name from "GSB Finance Limited" to "Coffers Finvest Limited". These changes are subject to further statutory and regulatory approvals. The company also confirmed receipt of the scrutinizer's report.
Key Highlights
- Authorized share capital increased from ₹6 Cr to ₹10 Cr.
- Approval granted for preferential issue of 12 Lakh shares at ₹36 each.
- Company name to change from GSB Finance Ltd to Coffers Finvest Ltd.
- Members approved these changes with a requisite majority at EGM.
- All approvals are subject to further regulatory clearances.
Price Impact
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