Postal Ballot-Scrutinizer''s Report
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GSB Finance Limited conducted a postal ballot (e-voting) from January 17 to February 16, 2026, seeking shareholder approval for six resolutions. All six resolutions were passed: adoption of a new Memorandum of Association (Special Resolution), adoption of new Articles of Association (Special Resolution), regularization of Mr. Kshitij Agrawal as Non-Executive Non-Independent Director (Ordinary), regularization of Mr. Vivek Kumar Singhal as Executive Managing Director (Ordinary), regularization of Mr. Hari Chand Mittal as Independent Director (Special), and regularization of Ms. Sweta Pareek as Independent Director (Special). The MOA/AOA adoption and independent director appointments received near-unanimous approval at 99.9967% in favour (33,15,347 votes). The two director regularizations involving related parties received 82.60% approval (527 votes), with related parties excluded from voting on those items.
All resolutions passed comfortably, reflecting broad shareholder support for routine corporate housekeeping (MOA/AOA alignment) and board appointments. The most notable change is the formal appointment of Mr. Vivek Kumar Singhal as Managing Director, which solidifies the company's leadership structure. No material negative impact expected.