Notice of Postal Ballot of GSB Finance Limited as approved by the Board at their meeting dated 16-01-2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GSB Finance Limited has issued a postal ballot notice for six resolutions. Two are housekeeping items—adoption of new Memorandum and Articles of Association aligned with the Companies Act, 2013. The more material resolutions relate to a complete change in management: RBI approved a takeover on September 12, 2025, after which new acquirers—Mr. Vivek Kumar Singhal, Mr. Kshitij Agrawal, Nivesh Mandi Pvt Ltd, and Stock Mandi—took control from the previous Biyani family promoters on November 20, 2025. Four directors appointed by the new board are now being regularised by shareholders: Mr. Vivek Kumar Singhal as Managing Director (5 years), Mr. Kshitij Agrawal as Non-Executive Non-Independent Director (5 years), and Mr. Hari Chand Mittal and Ms. Sweta Pareek as Independent Directors (5 years each). Remote e-voting runs from January 17, 2026 (9:00 AM) to February 16, 2026 (5:00 PM), with results to be announced by February 18, 2026.
This is a transformational event for GSB Finance shareholders—an entirely new promoter group and management team are seeking formal approval. Investors should assess the credibility and track record of the new promoters (Vivek Kumar Singhal and Kshitij Agrawal) and monitor how the new MD reshapes the NBFC's strategy. The stock could see volatility around the voting outcome and in subsequent quarters as the new leadership's direction becomes clearer.