Outcome of the Board meeting dated November 20, 2025 of the GSB Finance Limited ("the Company")
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GSB Finance Ltd's board, which met on November 20, 2025, approved a sweeping change in leadership following a change in control of the company approved by the Reserve Bank of India. Mr. Vivek Kumar Singhal, a Chartered Accountant with 18 years of experience in share and securities trading, has been appointed as Managing Director for a 5-year term ending November 19, 2030. Mr. Kshitij Agarwal (Non-Executive Director), Mr. Hari Chand Mittal and Mrs. Sweta Pareek (both Independent Directors), and Ms. Payal Jain as Company Secretary and Compliance Officer were also appointed. The company has also shifted its registered office within Mumbai from Tamarind Lane to Andheri East.
This represents a complete management overhaul of GSB Finance Ltd with RBI-approved change in ownership/control. Shareholders should note that all appointments are subject to shareholder approval at the next general meeting. The new MD brings securities trading expertise, which may signal a strategic shift in the company's business direction. Investors should watch for clarity on the new promoter's plans and any further disclosures about the acquirer.