Announced Mon, 13 Jul · 19:44 IST
GSB Finance board OKs preferential issue, name change to Coffers Finvest
Management Changes View source PDF
Price
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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————
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AI summary
Board approved raising authorized capital from Rs 6 Cr to Rs 10 Cr, preferential issue of 12 lakh shares at Rs 36 each (about Rs 4.32 Crore total) to 2 promoters and 3 non-promoters, and name change to Coffers Finvest Limited. Also appointed Mr. Ravindra Kumar Singh as Internal Auditor for FY26-27 and M/s Ashita Kaul & Associates as Secretarial Auditor for FY25-26. Promoter Vivek Kumar Singhal stake rises from 26.17% to 30.84%. EOGM called on August 10.
Likely market impact
Preferential issue at Rs 36 per share (Rs 26 premium) will dilute existing holders by about 20 percent. Signals expansion plans and a brand revamp.