Securities Appellate Tribunal
COFFERS FINVEST LIMITED Previously known as GSB Finance Limited vs Bombay Stock Exchange Limited & Another on 27 October 2026
IN THE SECURITIES APPELLATE TRIBUNAL AT
MUMBAI
DATED THIS THE 27TH DAY OF OCTOBER, 2026
CORAM : Justice P. S. Dinesh Kumar, Presiding Officer Ms. Meera Swarup, Technical Member Dr. Dheeraj Bhatnagar, Technical Member
Appeal No. 307 of 2026
And
Misc. Application No. 878 of 2026
Between
Coffers Finvest Limited
(Previously known as
GSB Finance Limited)
201, 2nd Floor,
Eco Space I.T. Park Building,
Village Mogra, Old Nagardas Road,
Andheri (E), Mumbai – 400 069.
…. Appellant
By Mr. Hamza Lakhani, Advocate with Ms. Naiana Boraste, Mr. Soham Joshi, Advocates i/b. India Law Alliance for the Appellant.
And
1. BSE Limited
25th Floor, P. J. Towers,
Dalal Street, Mumbai - 400 001.
2. Securities and Exchange Board of India SEBI Bhavan, Plot No. C-4A, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051.
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…. Respondents
By Mr. Manish Chhangani, Advocate with Mr. Karthik K.P, Ms. Sanskrity Purohit, Mr. Devya Shah, Advocates i/b. The Law Point for the Respondent No. 1 - BSE Limited.
2
By Mr. Rashid Boatwalla, Advocate with Mr. Pranav Kethineni, Advocate i/b. Manilal Kher Ambalal & Co. for the Respondent No. 2 - SEBI.
THIS APPEAL IS FILED UNDER SECTION 23L OF SCRA, 1956 TO SET ASIDE ORDER DATED AUGUST 6, 2026
(EX-A) PASSED BY BSE LIMITED.
THIS APPEAL COMING ON FOR HEARING THIS 27TH
DAY OF OCTOBER 2026, THIS TRIBUNAL PASSED THE
FOLLOWING:
O R D E R
Per : Justice P. S. Dinesh Kumar, Presiding Officer (Oral)
Learned advocate for the appellant submitted that BSE has imposed fines under various heads. Fine imposed under one of the heads has been withdrawn by the BSE. Appellant has paid fines imposed under remaining heads.
2. In view of the above, nothing further survives in this appeal. Appeal stands dismissed as infructuous. Pending interlocutory application(s), if any, stand disposed of.
No costs.
Justice P.S. Dinesh Kumar Presiding Officer
Ms. Meera Swarup Technical Member
Dr. Dheeraj Bhatnagar Technical Member 27.10.2026 VPM MRS PRAMILA Digitally signed by MRS PRAMILA Date: 2026.10.28 17:01:44 +05'30'
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