Key Board Approvals

1. Increase in Authorized Share Capital: Approved increase from existing ₹6,00,00,000 (Rupees Six Crores) divided into 60,00,000 Equity Shares of ₹10 each to ₹10,00,00,000 (Rupees Ten Crores) divided into 1,00,00,000 Equity Shares of ₹10 each. Requires amendment to Memorandum of Association subject to member and regulatory approvals.

2. Preferential Issue of Equity Shares: Approved issuance of up to 12,00,000 (Twelve Lakh) equity shares at price of ₹36 per share aggregating ₹4,32,00,000 (Four Crores Thirty-Two Lakh) to promoters and non-promoters.

  • Issue price: ₹36 per share (₹10 face value + ₹26 premium)
  • Number of investors: 5
  • Investor details:
  • Vivek Kumar Singhal (Promoter): 6,50,000 shares
  • Nivesh Mandi Private Limited (Promoter): 3,50,000 shares
  • Sumit Dilip Jain (Non-Promoter): 66,665 shares
  • Shinay Agrawal (Non-Promoter): 66,665 shares
  • Deepesh Chopda (Non-Promoter): 66,670 shares
  • Post-allotment holding pattern:
  • Vivek Kumar Singhal: 22,20,355 shares (30.84%, up from 26.17%)
  • Nivesh Mandi Private Limited: 8,02,000 shares (11.14%, up from 7.53%)
  • Sumit Dilip Jain: 66,665 shares (0.93%, new allotment)
  • Shinay Agrawal: 66,665 shares (0.93%, new allotment)
  • Deepesh Chopda: 66,675 shares (0.93%, up from 5 shares)
  • Subject to provisions of Section 42 and Section 62(1)(c) of Companies Act, 2013, SEBI ICDR Regulations, and member/regulatory approvals.

3. Change in Company Name: Approved change from "GSB Finance Limited" to "Coffers Finvest Limited" with consequent alteration to Memorandum and Articles of Association. Received approval from Central Registration Centre (CRC), Ministry of Corporate Affairs vide letter dated July 07, 2026. Subject to member approval via special resolution.

4. Appointment of Internal Auditor: Appointed Mr. Ravindra Kumar Singh (Chartered Accountant, Membership No. 457668) as Internal Auditor for financial year 2026-27. He has over 4 years of post-qualification experience in statutory audits, financial management, taxation, and regulatory compliance.

5. Appointment of Secretarial Auditor: Appointed M/s Ashita Kaul & Associates (PR No. 1718/2022) as Secretarial Auditors for financial year 2025-26. The firm has provided secretarial consultancy since 2004 from Mumbai.

6. Change in Audit Committee Composition: Reconstituted Audit Committee effective July 13, 2026:

  • Mr. Hari Chand Mittal (DIN: 08797386, Independent Director) - Chairperson
  • Mr. Vivek Kumar Singhal (DIN: 01962224, Managing Director) - Member
  • Mrs. Sweta Pareek (DIN: 11367022, Independent Director) - Member

7. Extra Ordinary General Meeting: Approved calling of EGM on Monday, August 10, 2025, through Video Conferencing/OAVM to seek member approvals. Notice and cut-off dates to be intimated separately.

Meeting Details

The board meeting commenced at 04:00 p.m. and concluded at 05:10 p.m. on July 13, 2026.