Announcement Under regulation 30 of SEBI (LODR) Regulation, 2015 pertaining to public notice by the company to seek attention and objection for the proposed acquisition approved by RBI.
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On the reaction day the stock moved 7.3 pts more than Nifty Microcap 250 and 7.9 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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GSB Finance Ltd has issued a public notice under Paragraph 42 of the RBI's Master Direction on Scale Based Regulations, informing about a proposed change in management and acquisition of the company that has been approved by the RBI. The notice was published on September 19, 2025 in Financial Express (English) and Mumbai Lakshdeep (regional) newspapers to seek objections from any affected persons within the stipulated period. This follows an earlier intimation to BSE dated September 12, 2025. The acquirers, identified as Shri Praveen Agrawal and Shri Pravin Agrawal (along with related parties), are set to acquire 55.25% of the company's shareholding and control, resulting in a change in management.
A change in ownership and control of the company is on the horizon pending RBI approval and resolution of any objections. Shareholders should monitor for a potential mandatory open offer under SEBI Takeover Regulations and assess the new management's plans for the NBFC going forward.