GSB Finance Limited , a non-banking financial company, has issued a public notice regarding an impending change in its management structure following an acquisition approved by the Reserve Bank of India (RBI). The notice, dated September 19, 2025, was published in two newspapers - Financial Express and Mumbai Lakshdeep - in compliance with regulatory requirements.

Acquisition Details

The public notice was issued pursuant to Paragraph 42 of the RBI's Master Direction - Scale Based Regulations (SBR). It aims to inform stakeholders about the management change in connection with a proposed acquisition that has received RBI approval. The notice serves to seek objections from any person who might be affected by this acquisition.

Regulatory Compliance

In adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, GSB Finance Limited has duly informed the BSE Limited about this development. The company's communication to the stock exchange was signed by Director Suyash Biyani.

Previous Communications

The public notice follows earlier communications made to the stock exchange on September 12, 2025, which pertained to the acquisition of shares in GSB Finance Limited. This sequence of events highlights the company's commitment to maintaining transparency and regulatory compliance throughout the acquisition process.

Implications for Stakeholders

The issuance of this public notice marks a significant step in the acquisition process, potentially affecting various stakeholders including shareholders, employees, and customers of GSB Finance Limited. It provides an opportunity for affected parties to voice any concerns or objections they may have regarding the proposed management change.

Next Steps

Interested parties are expected to review the public notice and submit any objections within the stipulated timeframe. The company will likely proceed with the management change and acquisition process after addressing any valid concerns raised during this period.

This development signals a potentially transformative phase for GSB Finance Limited, with implications for its future operations and strategic direction under new management.

GSB Finance Limited has received a significant regulatory green light for a major ownership change. The Reserve Bank of India (RBI) has granted approval for the acquisition of a 55.25% stake in the company by a new promoter group, marking a pivotal moment for the non-banking financial company.

Key Details of the Acquisition

The approval allows for the acquisition of 55.25% of GSB Finance's paid-up equity capital and control by a group consisting of:

• Vivek Kumar Singhal
• Kshitij Agarwal
• Nivesh Mandi Private Limited
• Stock Mandi

RBI's Conditions for Approval

The RBI's approval comes with several important conditions:

1. Immediate Reporting: Upon completion of the transaction, GSB Finance must immediately report the details of its new shareholding structure to the RBI.

2. Public Notice Requirement: The company must adhere to a 30-day prior public notice requirement, as specified in the RBI's Master Direction for Non-Banking Financial Companies.

3. Time-Bound Execution: The proposed transaction must be completed within one year from the date of the approval letter.

4. Shareholding Threshold: If the acquirers' shareholding falls below 26% after the transaction, they will need prior RBI approval to increase it back to 26% or more.

5. Regulatory Compliance: The approval is subject to compliance with relevant provisions of various acts and regulations, including the Companies Act, 2013, and the Foreign Exchange Management Act, 1999.

Implications and Next Steps

This RBI approval marks a significant milestone for GSB Finance Limited, potentially bringing new strategic direction and resources to the company. The new promoter group, with its diverse composition of individual and corporate entities, may introduce fresh perspectives and strategies to the non-banking financial sector.

GSB Finance Limited will need to carefully navigate the regulatory requirements and ensure timely completion of the transaction. The company's management will be responsible for overseeing the smooth transition of ownership and control.

Investors and stakeholders will be keenly watching how this change in ownership impacts GSB Finance's operations, market position, and future growth strategies in the competitive financial services landscape.

As the transaction progresses, further updates are expected regarding the completion of the deal and any subsequent changes in the company's leadership or strategic direction.