GSB Finance to rebrand to Coffers Finvest, approves preferential issue

GSB Finance Ltd announced a board meeting outcome on July 13, 2026. Key approvals include an increase in authorized share capital from ₹6 Crores to ₹10 Crores. The company also approved a preferential issue of up to 12,00,000 equity shares at ₹36 each, aggregating ₹4,32,00,000, to promoters and non-promoters. A significant change is the proposed rebranding of the company from GSB Finance Limited to Coffers Finvest Limited, subject to member and regulatory approvals. Additionally, Mr. Ravindra Kumar Singh was appointed as Internal Auditor for FY27, and M/s Ashita Kaul & Associates as Secretarial Auditors for FY26. The board also approved changes in the Audit Committee composition and called for an Extra Ordinary General Meeting on August 10, 2025, to seek member approval for these changes.