Outcome of the Board meeting for consideration of various matters including appointment of CFO, Regularization of Directors and adoption of new set of MOA & AOA as per the Companies Act, 2013

GSB Finance Limited's Board, at a meeting on January 16, 2026, approved several key items. Mr. Vivek Kumar Singhal (a Chartered Accountant with 18 years of experience) was appointed as Chief Financial Officer and also regularized as Executive, Non-Independent Managing Director for a 5-year term. Three other directors — Mr. Kshitij Agrawal (Non-Executive, Non-Independent), Mr. Hari Chand Mittal (ex-Union Bank of India veteran with 37+ years), and Ms. Sweta Pareek (Independent) — were also regularized as directors for 5-year terms. These appointments and regularizations follow a change in control of the company and resultant change in management, approved by the Reserve Bank of India. The Board also adopted new Memorandum and Articles of Association aligned with the Companies Act, 2013, replacing the old ones based on the 1956 Act. A postal ballot notice has been sent to shareholders, with January 9, 2026 set as the cut-off date for e-voting eligibility, and shareholder approval is being sought for these items.