Coffers Finvest Limited filed an appeal with the Securities Appellate Tribunal on September 8, 2026, challenging alleged outstanding fines linked to its preferential allotment application.

The company, formerly known as GSB Finance Limited, initiated the legal process in response to remarks received from the BSE regarding its 'in-principle' application for the proposed preferential allotment.

Regulatory Context

The appeal targets a specific portion of the total alleged penalties imposed by the exchange. The company is contesting a fine amount of ₹1,61,70,000 plus applicable GST.

This contested amount forms part of larger alleged fines aggregating to ₹1,62,90,000 plus applicable GST. The remaining difference between the total alleged fines and the specific amount under appeal was not detailed in the filing as part of this specific SAT challenge.

Corporate Action

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Akshat Sharma, Company Secretary, signed the intimation letter addressed to the BSE.

The company stated it is taking appropriate steps to pursue the matter before the tribunal. Further disclosures will be made as required under applicable laws and regulations.

Coffers Finvest Limited has scheduled its 43rd Annual General Meeting for September 30, 2026, to adopt audited financial statements that reveal a significant shift in profitability. The NBFC, formerly known as GSB Finance Limited, reported a net loss of ₹30.85 lakh for FY26, reversing a net profit of ₹71.65 lakh recorded in the previous year.

The company's total revenue declined 31% to ₹123.20 lakh from ₹179.42 lakh in FY25. This contraction was driven by a fall in revenue from operations to ₹121.75 lakh, down from ₹177.79 lakh. The primary driver of the loss was a substantial rise in expenses, which increased to ₹116.47 lakh from ₹96.30 lakh. This expense growth was largely attributable to an impairment on financial instruments of ₹33.30 lakh and higher other expenditure.

Financial Performance

The financial results highlight a challenging period for the lender, with key metrics reflecting the impact of asset quality concerns and operational costs.

The basic and diluted earnings per share stood at ₹(0.51), compared to ₹1.19 in the prior year. The Board did not recommend any dividend for the year ended March 31, 2026, citing the financial performance and business commitments.

What the Numbers Show

The divergence between the modest profit before tax of ₹6.72 lakh and the final net loss of ₹30.85 lakh underscores the heavy tax burden faced by the company. The total tax expense amounted to ₹37.57 lakh, significantly higher than the ₹11.47 lakh paid in FY25. This elevated tax outflow, combined with the ₹33.30 lakh impairment charge, erased the operational profits and resulted in a comprehensive loss for the fiscal year.

AGM Details and Agenda

The virtual meeting will be held via Video Conferencing or Other Audio Visual Means in compliance with Ministry of Corporate Affairs and SEBI circulars. Members holding shares as of the cut-off date on September 23, 2026, are eligible to participate.

The primary business for the meeting includes:

• Adoption of the Audited Financial Statements for FY26 along with Board and Auditor reports.
• Reappointment of Kshitij Agrawal as a director. He retires by rotation at this meeting and has offered himself for reappointment.

No special business items are proposed for this AGM, meaning no explanatory statement is required under Section 102 of the Companies Act 2013.

E-Voting Schedule

Remote e-voting will be facilitated by MUFG Intime India Private Limited. The voting window operates independently of the meeting date.

Shareholders who cast their votes during the remote e-voting period will not be eligible to vote again during the live meeting. However, they may still attend the AGM via the InstaMeet platform.

Director Profile

Kshitij Agrawal, who holds a Bachelor's degree in computer science, brings over 18 years of experience in financial markets. His expertise spans information technology, digital transformation, strategic planning, and business development. As of March 31, 2026, he holds 3,92,000 shares in the company.