GSB Finance Limited has amended its Code of practices and procedures for fair disclosure of Unpublished Price Sensitive Information (UPSI) following a Board of Directors meeting held on March 2, 2026. The amendment was undertaken in compliance with Regulation 8(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Board Resolution Details

The company formally communicated the amendment to BSE Limited through an official intimation signed by Managing Director Vivek Kumar Singhal. The updated code has been enclosed with the regulatory filing for reference and compliance purposes.

Code Framework and Objectives

The amended code establishes a comprehensive framework for fair disclosure of events and occurrences that could impact price discovery in the market for GSB Finance's securities. The policy emphasizes principles of equality of access to information and promotes transparency among investors through structured disclosure practices.

The code defines UPSI as information relating to the company or its securities that is not generally available and could materially affect security prices upon becoming public. This includes financial results, dividends, capital structure changes, mergers and acquisitions, changes in key managerial personnel, and other material events.

Key Provisions and Procedures

The updated code outlines several critical practices for UPSI management:

• Prompt public disclosure of UPSI that would impact price discovery
• Uniform and universal dissemination to avoid selective disclosure
• Designation of Chief Financial Officer as Chief Investor Relations Officer (CIRO)
• Need-to-know basis handling of all UPSI
• Maintenance of transcripts from analyst meetings and investor conferences

Legitimate Purpose Policy

A significant component of the amended code addresses the policy for determining legitimate purposes for UPSI sharing. The code permits sharing UPSI in ordinary business course with collaborators, lenders, customers, suppliers, advisors, and service providers, provided such sharing serves genuine commercial purposes and is not intended to circumvent regulatory prohibitions.

Compliance and Implementation

The company will maintain a structured digital database of UPSI recipients in compliance with SEBI regulations. All persons receiving UPSI for legitimate purposes will be considered insiders and must adhere to confidentiality requirements and trading restrictions while in possession of such information.

The policy will be disseminated on the company's website as per applicable SEBI regulations. The Board of Directors retains authority to amend provisions subject to applicable laws, ensuring continued regulatory compliance and transparency in information disclosure practices.

GSB Finance Limited has updated its list of authorized Key Managerial Personnel (KMPs) responsible for determining materiality of events and making disclosures to stock exchanges. The update was approved by the Board of Directors in their meeting held on March 2, 2026, in compliance with Regulation 30(5) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Updated Authorization Framework

The company has established a clear framework for regulatory compliance by designating specific personnel for different aspects of disclosure requirements. The authorization covers two key areas: determining the materiality of events or information, and making actual disclosures to stock exchanges.

Authorized Personnel Details

The updated authorization list includes the following personnel:

Regulatory Compliance

This authorization update ensures GSB Finance Limited maintains compliance with SEBI's listing obligations and disclosure requirements. The regulation mandates that listed companies must authorize specific Key Managerial Personnel to determine the materiality of events and handle communications with stock exchanges.

Management Structure

The authorization reflects the company's management structure, with Mr. Vivek Kumar Singhal serving dual roles as Managing Director and Chief Financial Officer. The inclusion of Mr. Kshitij Agrawal, a Non-Executive Director from the promoter group, and Mr. Akshat Sharma as Company Secretary ensures comprehensive coverage of disclosure responsibilities across different management levels.