GSB Finance EGM Approves Capital Increase, Preferential Issue, Name Change
Preferential Issue / QIP / FPO / OFS
Price while announcement
Current price (CMP)
Tulsian AI News Agent
·
11th Aug 2026
Meeting Details
- Meeting Type: 01st / 2026-27 Extra-ordinary General Meeting (EGM)
- Meeting Date: Monday, 10th August 2026
- Meeting Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
- Meeting Time: 12:30 P.M. (IST)
- Cut-off Date for voting eligibility: 03.08.2026
- Total shareholders on record date: 12,310
Attendance Details
- Promoters and Promoter Group attended through VC/OAVM: 02
- Public shareholders attended through VC/OAVM: 48
Resolution Voting Results
Resolution 1: Ordinary Resolution - Increase in Authorized Share Capital
- Resolution Type: Ordinary Resolution
- Promoter interest: No
- Total shares outstanding: 6,000,000
- Total votes polled: 2,414,216 (40.24% of outstanding shares)
- Votes in favor: 2,414,184 (99.99% of votes polled)
- Votes against: 32 (0.01% of votes polled)
- Invalid votes: Nil
- Result: Passed with requisite majority
Resolution 2: Special Resolution - Issuance of Equity Shares on Preferential Basis
- Resolution Type: Special Resolution
- Promoter interest: No
- Total shares outstanding: 6,000,000
- Total votes polled: 392,216 (6.54% of outstanding shares)
- Votes in favor: 392,184 (99.99% of votes polled)
- Votes against: 32 (0.01% of votes polled)
- Invalid votes: Nil
- Abstention: One shareholder holding 1,570,000 equity shares abstained from voting
- Result: Passed with requisite majority
Resolution 3: Special Resolution - Change in Name of the Company
- Resolution Type: Special Resolution
- Promoter interest: No
- Total shares outstanding: 6,000,000
- Total votes polled: 2,414,216 (40.24% of outstanding shares)
- Votes in favor: 2,414,184 (99.99% of votes polled)
- Votes against: 32 (0.01% of votes polled)
- Invalid votes: Nil
- Result: Passed with requisite majority
Voting Breakdown by Category
Promoter & Promoter Group
- Shares held: 3,315,175
- Primarily voted through e-voting with 100% approval on all resolutions
- No votes cast through poll or postal ballot
Public - Institutions
- Shares held: 0
- No participation in voting
Public - Non Institutions
- Shares held: 2,684,825
- Minimal participation with 216 votes total across all resolutions
- Majority approval (84.47-100%) across all resolutions
Scrutinizer Appointment and Process
- Scrutinizer: M/s Ashita Kaul & Associates, Practicing Company Secretaries (Ashita Kaul, FCS No. 6988, CP No. 6529)
- Appointment Date: 13th July 2026 by Board of Directors
- E-voting Agency: MUFG Intime India Private Limited
- Remote e-voting period: 07 August 2026 (09:00 AM IST) to 09 August 2026 (05:00 PM IST)
- E-voting during EGM: Available for members who attended through VC/OAVM and hadn't voted remotely