Coffers Finvest submits voting results for 43rd AGM held on Sep 30

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Coffers Finvest Limited submitted voting results for its 43rd AGM held on September 30, 2026
  • Both ordinary resolutions regarding financial statements and director reappointment were passed
  • Promoter group voted 72.82% of their shares, while public non-institutional turnout was 0.01%
  • Kshitij Agrawal was reappointed as director with 99.99% votes in favour
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Coffers Finvest Limited (formerly GSB Finance Limited) has submitted the voting results and scrutinizer report for its 43rd Annual General Meeting (AGM). The meeting was conducted via Video Conferencing on September 30, 2026.

The company, which recently changed its name from GSB Finance, filed the documents with BSE Limited on October 1, 2026. The submission includes voting outcomes pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting participation and turnout

The AGM saw a total of 12,211 shareholders on the record date of September 23, 2026. Due to the virtual format, physical attendance data is not applicable. However, two promoters and 37 public shareholders attended through Video Conferencing.

Voting was primarily conducted through remote e-voting and e-voting during the meeting. The promoter and promoter group held 33,15,175 shares, while public non-institutional shareholders held 26,84,825 shares. Institutional shareholders did not cast any votes.

Resolution outcomes

Two ordinary resolutions were put to vote. Both were passed with a significant majority in favour.

Resolution Votes In Favour Votes Against Result
Adoption of audited financial statements for FY26 24,14,538 20 Passed
Reappointment of Kshitij Agrawal as director 20,22,538 20 Passed

Resolution 1 involved receiving and adopting the audited financial statements for the year ended March 31, 2026. Resolution 2 concerned the reappointment of Kshitij Agrawal, who retired by rotation.

What the numbers show

The voting data reveals a stark contrast in shareholder engagement between promoters and the public. Promoters cast 24,14,355 votes for the first resolution, representing 72.82% of their holding. In contrast, public non-institutional shareholders polled only 203 votes out of 26,84,825 shares held, resulting in a negligible 0.01% turnout for this category.

This indicates that the outcome of the resolutions was almost entirely determined by promoter voting, with minimal dissent or participation from the retail shareholder base. The 20 votes against both resolutions came exclusively from the public non-institutional segment.

Historical Stock Returns for GSB Finance

1 Day5 Days1 Month6 Months1 Year5 Years
-2.07%-3.27%+2.91%+39.09%+9.89%+415.73%

How might the negligible public shareholder turnout impact Coffers Finvest's future efforts to attract institutional investors?

What specific strategic initiatives will the reappointed director, Kshitij Agrawal, prioritize to drive growth following the FY26 financial adoption?

Will the recent corporate name change from GSB Finance to Coffers Finvest lead to a revaluation of the company's brand equity and market perception?

Coffers Finvest CFO resigns to focus on MD role; stays on board

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Reviewed by
Ashish TScanX News Team
Key Highlights
  • Vivek Kumar Singhal resigned as CFO of Coffers Finvest Ltd effective September 23, 2026
  • Resignation attributed to diversification of roles within the company
  • Singhal continues as Managing Director and member of the Board of Directors
  • Company to announce new CFO appointment separately per SEBI regulations
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Coffers Finvest Limited announced the resignation of Vivek Kumar Singhal from the position of Chief Financial Officer (CFO), effective close of business hours on September 23, 2026. The move stems from a diversification of roles and responsibilities within the company.

Despite stepping down as CFO, Singhal clarified that his resignation is restricted solely to that role. He will continue to serve as the Managing Director of the company and remain a member of the Board of Directors. The company stated it would separately intimate the appointment of a new CFO once finalized, in compliance with SEBI Listing Obligations and Disclosure Requirements (SEBI LODR) Regulations.

Regulatory disclosure details

The resignation was reported to BSE Limited under Regulation 30 of the SEBI LODR Regulations. The filing included specific disclosures regarding the cessation of the CFO role, noting that the change does not affect his directorship or MD position.

Particular Details
Name Vivek Kumar Singhal
Designation Resigned Chief Financial Officer
Effective Date September 23, 2026
Reason Diversification of roles and responsibilities
Continuing Role Managing Director and Director

Governance structure implications

The retention of Singhal as Managing Director suggests a strategic realignment of leadership duties rather than a departure from the company's core management team. By separating the CFO function from the MD role, the company may be aiming to distribute financial oversight responsibilities more broadly, although no successor has been named yet.

The company’s registered office is located in Mumbai, with a corporate office in Raipur. The filing was signed by Akshat Sharma, Company Secretary, confirming the procedural compliance with SEBI circulars dated September 9, 2015, and July 13, 2023.

Historical Stock Returns for GSB Finance

1 Day5 Days1 Month6 Months1 Year5 Years
-2.07%-3.27%+2.91%+39.09%+9.89%+415.73%

Who will be appointed as the new CFO, and what is their professional background relative to the company's current financial strategy?

How might the separation of the MD and CFO roles impact Coffers Finvest Limited's internal control mechanisms and audit compliance processes?

Will the leadership restructuring influence investor sentiment or trigger any short-term volatility in the company's stock price on the BSE?

More News on GSB Finance

1 Year Returns:+9.89%