Intimation pursuant to Regulation 30 of SEBI(Listing Obligations and Disclosure Requirements) Regulation, 2015 regarding resignation of Mr. Suyash Ramakant Biyani from the position of Chief ....

CFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹38.40

prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-1.4% vs market

Non Banking Financial Company (NBFC) peers, median of 205sector-0.6%-1.4% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.4 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

GSB Finance Ltd has informed the stock exchanges that Mr. Suyash Ramakant Biyani (DIN: 07525350) has resigned from his roles as Director and Chief Financial Officer (CFO) of the company, effective from the close of business hours on December 2, 2025. The reason cited for his resignation is the proposed management change of the company, with no other material reasons disclosed. The Board has recorded its appreciation for his contributions during his tenure. The company has attached the resignation letter and required disclosure annexures to the filing.

Likely market impact

A CFO exit linked to a broader management change can create short-term uncertainty for shareholders, as leadership transitions at NBFCs often signal strategic shifts. Investors should watch for further announcements regarding the incoming management team and any change in business direction.