GSB Finance Ltd.

Business overview Coffers Finvest Limited (formerly GSB Finance Limited) is an RBI-registered Non-Banking Financial Company (NBFC) primarily engaged in providing financial services, investments, and trading in shares. The company's operations predominantly focus on core lending and financing activities. Its customers are individuals, businesses, and MSMEs within India, as it operates in a single business segment and has no loans outside India.

Key facts (FY 2025-26)

• The company reported total revenue of ₹123.20 lakhs, with revenue from operations at ₹121.75 lakhs, primarily from interest income on loans.
• Total assets stood at ₹14.21 crores as of March 31, 2026.
• The current promoter group includes Mr. Vivek Kumar Singhal (26.17%), Mr. Kshitij Agrawal (6.53%), M/s Nivesh Mandi Private Limited (7.53%), and M/s Stock Mandi (Partnership Firm) (15.01%).
• The company operates with a lean organizational structure, having one permanent employee on its rolls as of March 31, 2026.
• It does not have any subsidiary, associate, or joint venture companies.

Recent developments (from FY 2025-26 Annual Report)

• The company's name changed from "GSB Finance Limited" to "Coffers Finvest Limited" effective September 1, 2026.
• An acquisition/takeover of 55.25% of the voting share capital by existing promoters was completed in November 2025, leading to changes in the Board and management.
• The registered office was shifted in November 2025, and a new corporate office was opened in Raipur (CG) in December 2025.
• The authorized share capital was increased from ₹6 crore to ₹10 crore, approved in August 2026, and a preferential allotment of up to 12 lakh equity shares at ₹36 per share was approved.
• Management continues to focus on strengthening financing operations, improving operational efficiency, and maintaining prudent financial management, pursuing sustainable growth with a focus on prudent lending and effective risk management.

Key risks flagged by management

• The company is exposed to various risks inherent in the financial services business, including credit risk, liquidity risk, interest rate risk, market risk, operational risk, and regulatory risk.
• Changes in the regulatory environment, interest rates, credit conditions, availability and cost of funds, asset quality, liquidity conditions, and overall economic conditions may impact operations and financial performance.

Pros

• The company is an RBI-registered NBFC and has demonstrated compliance with applicable laws, rules, circulars, and regulations as per the RBI Master Direction.
• It has established an adequate system of internal controls and a comprehensive risk management policy to identify, assess, monitor, and mitigate business risks.
• The Statutory Auditors issued an unmodified opinion on the financial statements for FY 2025-26, indicating sound financial reporting.

Cons

• The company reported a Net Loss After Tax of ₹30.85 lakhs in FY 2025-26, a significant decline from a profit of ₹71.65 lakhs in the previous fiscal year.
• Total revenue decreased from ₹179.42 lakhs in FY 2024-25 to ₹123.20 lakhs in FY 2025-26, coupled with a significant increase in total expenses, including impairment on financial instruments.
• Basic and Diluted Earnings Per Share turned negative at (₹0.51) in FY 2025-26, compared to ₹1.19 in FY 2024-25.