GSB Finance Limited has provided additional details regarding the board meeting that approved the appointment of Mr. Akshat Sharma as Company Secretary and Compliance Officer. The clarification came in response to a BSE query regarding corporate announcement no. 12296379 dated March 02, 2026.

Board Meeting Timeline Details

Following a BSE inquiry dated March 04, 2026, GSB Finance disclosed comprehensive timing details of the board meeting held on March 02, 2026. The meeting commenced at 04:00 p.m. IST and concluded at 04:30 p.m. IST, with the corporate announcement filed at 05:45 p.m. IST on the same day.

Key Appointment Details

The board meeting approved the appointment of Mr. Akshat Sharma as Company Secretary and Compliance Officer, effective March 02, 2026. The decision was made following a recommendation from the Nomination & Remuneration Committee, in compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulation 2015.

Professional Qualifications

Mr. Akshat Sharma brings substantial expertise to his role as an associate member of the Institute of Company Secretaries of India. His professional background includes commerce and law degrees, complemented by over four years of post-membership experience in corporate secretarial functions.

Regulatory Compliance and Acknowledgment

GSB Finance Limited acknowledged an unintended omission of statutory details in the original announcement and expressed regret for the oversight. The company assured BSE that utmost care will be taken to prevent such occurrences in future filings, demonstrating commitment to regulatory compliance.

The company operates under CIN L99999MH2001PLC134193 and trades on BSE with scrip code 511543. Managing Director Vivek Kumar Singhal signed both the original appointment notification and the subsequent clarification to BSE.

GSB Finance Limited has amended its Code of practices and procedures for fair disclosure of Unpublished Price Sensitive Information (UPSI) following a Board of Directors meeting held on March 2, 2026.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.