Intimation pursuant to regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), 2015 regarding resignation of Mr. Ramakant Sagarmal Biyani, Managing Director.
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GSB Finance Ltd has informed the BSE that Mr. Ramakant Sagarmal Biyani (DIN: 00523178) has resigned from the position of Managing Director and Key Managerial Personnel, effective from the close of business hours on December 2, 2025. The stated reason for his resignation is the proposed management change in the company, with no other material reasons disclosed. The Board has recorded its appreciation for his contributions during his tenure. The filing was made under SEBI Listing Regulations, and his resignation letter is attached. Notably, Vivek Kumar Singhal (DIN: 01962224), who signs the intimation, is also listed as Managing Director in the same document.
The exit of the Managing Director ahead of a broader management change creates leadership uncertainty for shareholders in the short term. Investors should watch for further announcements clarifying the incoming management structure, as such transitions can affect strategic direction and stock sentiment.