GSB Finance Ltd Announces Name Change and Major Capital Restructuring

GSB Finance Ltd Announces Name Change and Major Capital Restructuring​

The Board of Directors of GSB Finance Limited approved several significant corporate actions in a meeting held on July 13, 2026. Among the key decisions were a change in the company's name, an increase in authorized share capital, and the preferential issuance of up to one million two hundred thousand equity shares.

The Board considered and approved the increase in the company's authorized share capital from Rs 6,00,00,000/- (Rupees Six Crores) divided into 60,00,000 Equity Shares of Rs 10/- each, to Rs 10,00,00,000/- (Rupees Ten Crores) dividable into 1,00,00,000 Equity Shares of Rs 10/- each. This change is subject to member approval and other statutory requirements.

Furthermore, the company approved the issuance of up to 12,00,000 equity shares at a price of Rs 36/- per share, aggregating up to Rs 4,32,00,000/- (Rupees Four Crores Thirty Two Lakhs Only). This preferential issue is designated for select persons belonging to both promoter and non-promoter categories.

Governance and Name Transition​

In a major corporate overhaul, the company approved the change of its name from 'GSB Finance Limited' to 'Coffers Finvest Limited'. The Board noted that approval for the proposed name had been received from the Central Registration Centre (CRC) of the Ministry of Corporate Affairs on July 07, 2026. This name change is also contingent upon receiving special resolution approval from members at an upcoming Extra Ordinary General Meeting (EOGM).

The meeting also addressed several key governance appointments and changes:

• Internal Auditor: Mr Ravindra Kumar Singh was appointed as the Internal Auditor for the financial year 2026-27. Mr. Singh is a qualified Chartered Accountant with over four years of post-qualification experience in statutory audits, tax compliance, and financial management.
• Secretarial Auditor: M/s Ashita Kaul & Associates (PR No. 1718/2022) was appointed as the Secretarial Auditors for the financial year 2025-26. The firm is a proprietorship established under ICSI, providing services since 2004.
• Audit Committee: The composition of the Audit Committee was changed effective July 13, 2026. New members include Mr Hari Chand Mittal (Chairperson), Mr Vivek Kumar Singhal (Member/Managing Director), and Mrs Sweta Pareek (Member/Independent Director).

Preferential Allotment Details​

The allotment details of the equity shares were finalized for five investors across both promoter and non-promoter categories. The total allotment comprised 12,00,000 shares.

The allocation to the specific allottees is detailed below:


Post-allotment, the stake of the allottees has been updated as follows:


The company also announced the calling of an Extra Ordinary General Meeting (EOGM) on August 10, 2025, to seek shareholder approval for these changes via Video Conferencing or other Audio Visual Means (OAVM).

Stock Price Movement​

GSB Finance Ltd settled at ₹46.33 at the close of trade today, posting a decline of 1.68%. The shares demonstrated volatility during the session, trading within an intraday range between a low of ₹42.67 and a high of ₹50.99.