EGM on Aug 10 for capital hike, preferential issue, and name change to Coffers Finvest
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GSB Finance has called an EGM on Aug 10, 2026 via video conferencing with three resolutions: 1) raise authorized share capital from Rs 6 Cr to Rs 10 Cr (60 lakh to 1 Cr shares), 2) issue 12 lakh equity shares at Rs 36 each (Rs 26 premium) totaling Rs 4.32 Cr on preferential basis to 5 allottees including promoters Vivek Singhal and Nivesh Mandi, and 3) change company name to Coffers Finvest Limited. Funds will go to lending business (Rs 3.92 Cr) and general corporate use (Rs 40 lakh). Voting cut-off is Aug 3.
Shareholders vote on Aug 10 on equity dilution, capital expansion, and rebranding. Promoters taking 10 lakh shares signals insider confidence but dilutes existing holders.