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

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

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

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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 position as Director and Chief Financial Officer of the company with effect from close of business hours on December 02, 2025. The reason cited for his resignation is the proposed management change of the company. The Board has recorded its appreciation for his contributions during his tenure. No other material reason for the resignation has been disclosed. The company has attached the resignation letter and the required disclosure annexure as per SEBI Listing Regulations.

Likely market impact

The resignation of the CFO and a Director ahead of a proposed management change signals a significant leadership transition at GSB Finance. Shareholders should watch for further announcements regarding new management and board composition, as such changes can affect governance, strategic direction, and investor confidence in the stock.