Appointment of Mr. Vivek Kumar Singhal (PAN: AKMPS1996F) as the Chief Financial Officer of the Company.

GSB Finance Ltd's board, meeting on January 16, 2026, approved a major overhaul following an RBI-approved change in control and resultant management change. Mr. Vivek Kumar Singhal, a Chartered Accountant with 18 years of experience in share investments and derivatives, was appointed as Chief Financial Officer effective immediately and regularized as Executive, Non-Independent Managing Director for a 5-year term from February 16, 2026. Four directors — Mr. Kshitij Agrawal, Mr. Vivek Kumar Singhal, Mr. Hari Chand Mittal (former Union Bank of India Field General Manager), and Ms. Sweta Pareek — were regularized for 5-year terms. The board also adopted new MOA and AOA aligned with the Companies Act 2013 and initiated a postal ballot with a January 9, 2026 cut-off date to seek shareholder approval.