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.

GSB Finance Limited announced the resignation of its Company Secretary and Compliance Officer, Ms. Renu Choudhary, effective November 14, 2025. This move comes at a time when the company is undergoing a major ownership transition.

Key Details of the Resignation

• Resignation Date: November 14, 2025 (close of business hours)
• Reason: Personal reasons, as stated in the company's filing
• Position Vacated: Whole-time Company Secretary, Compliance Officer, and Key Managerial Personnel (KMP)

The company has initiated the process of finding a suitable replacement and assured stakeholders that the position would be filled within the timelines prescribed by SEBI regulations.

Concurrent Ownership Changes

This resignation coincides with a significant change in the company's ownership structure. As per a separate filing, GSB Finance Limited disclosed:

• Acquisition of 33,14,820 shares (55.25% of voting share capital) by new acquirers from the promoter group
• Open offer for an additional 15,60,000 shares (26% of voting share capital) from public shareholders
• The acquirers include Mr. Vivek Kumar Singhal, Mr. Kshitij Agrawal, M/s Nivesh Mandi Private Limited, and M/s Stock Mandi

Implications and Next Steps

The resignation of a key compliance officer during a period of ownership transition raises questions about the company's immediate future and corporate governance practices. GSB Finance Limited has stated that it will make the required disclosures upon appointing a new Company Secretary and Compliance Officer.

Investors and market watchers may want to keep a close eye on further developments, particularly:

1. The appointment of a new Company Secretary and Compliance Officer
2. The completion of the open offer process
3. Any changes in the company's management or strategic direction following the ownership change

As GSB Finance Limited navigates this period of transition, maintaining transparency and adhering to regulatory requirements will be crucial for stakeholder confidence.

The company's shares may experience increased volatility as the market digests these significant corporate changes. Investors may consider seeking professional advice to understand the potential impacts on their holdings.