GSB Finance Limited announced significant governance and leadership changes following its board meeting held on January 16, 2026. The meeting, which commenced at 6:00 PM and concluded at 6:30 PM, addressed multiple regulatory compliance matters and organizational restructuring initiatives.

Governance Framework Updates

The board approved the adoption of new Memorandum of Association (MOA) and Articles of Association (AOA) to align with the Companies Act, 2013. The existing governance documents were based on the erstwhile Companies Act, 1956, necessitating this modernization.

Both existing and proposed governance documents will be available for inspection during normal business hours on all working days until the postal ballot conclusion date.

Leadership Appointments and Regularizations

The board made several key appointments and regularizations, all stemming from the change in control and management approved by the Reserve Bank of India.

Chief Financial Officer Appointment

Vivek Kumar Singhal (PAN: AKMPS1996F) was appointed as Chief Financial Officer effective January 16, 2026. Singhal, a Chartered Accountant with 18 years of experience in share investment activities, trading in shares, derivatives, and commodity derivatives, will also be regularized as Managing Director for a five-year term starting February 16, 2026.

Director Regularizations

Four additional directors appointed in the November 20, 2025 board meeting will be regularized, subject to shareholder approval:

Director Profiles and Qualifications

Kshitij Agrawal holds a Master's degree in Computer Science and has managerial experience with an NCDX Broker Company. Hari Chand Mittal brings extensive banking expertise with a Master of Commerce degree and certification from the Indian Institute of Bankers, having served over 37 years with Union Bank of India in various leadership positions before retiring in July 2019.

Sweta Pareek contributes professional experience in revenue management, business analytics, market research, and financial reporting. Her expertise spans revenue planning, pricing strategy, forecasting, channel management, and performance reporting across previous roles.

All appointed directors have been verified by the Nomination and Remuneration Committee and Board of Directors as not being debarred from holding directorial positions by SEBI or other regulatory authorities. None of the new directors are related to existing company directors.

Postal Ballot Process

The board approved a postal ballot notice seeking shareholder approval for all agenda items mentioned, along with explanatory statements pursuant to Companies Act, 2013 provisions. The cut-off date for determining eligible voting members was set as Friday, January 9, 2026.

Shareholders registered as of the cut-off date will be entitled to receive the postal ballot notice and participate in e-voting for the proposed governance changes and director appointments. This process ensures compliance with regulatory requirements while facilitating shareholder participation in key corporate decisions.

GSB Finance Limited , a Mumbai-based financial services company, has announced a significant leadership overhaul following a change in company control approved by the Reserve Bank of India. The restructuring includes the appointment of a new Managing Director and the addition of four new directors to its board.

New Managing Director and Board Appointments

The company has appointed Vivek Kumar Singhal as the new Managing Director for a term of five years, subject to shareholder approval. Singhal, a Chartered Accountant with 18 years of experience in share investment activities, brings extensive expertise in securities trading, including derivatives and commodities.

In addition to Singhal, GSB Finance has made the following key appointments:

All appointments are effective from November 20, 2025, with the independent directors serving a term until November 19, 2030, subject to shareholder approval.

Registered Office Relocation

As part of the restructuring, GSB Finance is also relocating its registered office within Mumbai. The new address will be:

201, 2nd Floor, Eco Space I.T. Park Building, Village Mogra, Old Nagardas Road, Andheri (E) Mumbai- 400069

This move from Fort to Andheri East signifies a strategic shift in the company's operational base.

Implications of the Restructuring

The comprehensive leadership changes at GSB Finance Limited indicate a significant shift in the company's strategic direction. The diverse expertise of the new board members, ranging from banking and finance to technology and analytics, suggests a potential expansion or refinement of the company's service offerings.

The appointment of Vivek Kumar Singhal as Managing Director, with his extensive experience in share investment and trading, may signal a renewed focus on investment-related services or products. Meanwhile, the addition of independent directors with backgrounds in banking and business analytics could bring fresh perspectives to the company's governance and strategic planning.

As GSB Finance implements these changes, stakeholders will be watching closely to see how the new leadership team navigates the evolving financial services landscape and positions the company for future growth.