Announced Mon, 13 Jul · 17:24 IST
Board approves Rs 4.32 cr preferential issue, name change to Coffers Finvest
Board & Shareholder Meetings View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.3%1-day move
₹46.00
prior close
₹44.62
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.3———-4.3-1.8-0.0-0.0-0.9-4.1————
Up moveDown movePending
AI summary
Board met on July 13, 2026 and approved: hiking authorized capital from Rs 6 cr to Rs 10 cr; preferential issue of 12 lakh shares at Rs 36 each (total Rs 4.32 cr) to 5 investors (2 promoters, 3 non-promoters); name change from GSB Finance Limited to Coffers Finvest Limited (CRC-approved); new Internal and Secretarial Auditors; audit committee reshuffle; EOGM on Aug 10, 2026.
Likely market impact
Preferential issue may dilute existing holders. Name change hints at business pivot. All approvals need shareholder nod at EOGM.