Dear Shareholder,
 
 The ministry of Corporate Affairs (MCA) has taken a Green Initiative
 in the Corporate Governance by allowing paperless compliances by
 Companies vide its circular No. 17 dated April 21, 2011 stating that a
 company would have complied with section 53 of the Act, if the service
 of document has been made through electronic mode. In such case) the
 company is required to obtain email addresses of its members for
 sending the notice / documents through email by giving an advance
 opportunity to every shareholder to register his / her email address
 and changes therein, if any, from time to time with the company and
 Circular No. 18 Dated 29th April, 2011 relating to dispatch of Annual
 Report and other Notices etc.
 
 GSB Finance Limited (GSBFL) is committed to be an Environment friendly
 company in all its areas of activities, products and services. The
 Company invites its shareholders to participate in the Green
 Initiatives to affirm its commitment towards future generations.
 
 Keeping in vire the above, we are proposing to provide an option to
 shareholders for receiving all communications / documents like AGM
 notice, audited financial statements, directors'' report, auditors''
 report etc. via electronic form / email. In case you are holding the
 shares in electronic form please provide your email-id to your
 Depository Participant (DP) at the earliest preferably by 20/09/2012 to
 enable us to send the Annual Report & other documents of GSBFL to your
 email address.
 
 In case you are holding shares in physical form, please provide the
 details of your valid email-id at the earliest preferably by 20/09/2012
 to the Registered Office at the following address to enable us to send
 the Annual Report & other documents of GSBFL to your email-id:
 
 It may be noted that you will be entitled to be furnished, free of
 cost, with a copy, of Annual Report and all other documents required by
 law upon receipt of a requisition from you, any time, as a member of
 the Company.
 
 We solicit your support to join in this initiative in reducing the
 impact on the environment and receive all communications
 electronically.
 
 Thanking you,
 
 Yours faithfully, . 
 
                                           For and on behalf of the Board 
                                                 For GSB FINANCE LTD 
                                                          Sd/- 
 Date : 15th
 June, 2012                                          G. S. BIYANI
 
 Place : Mumbai                                        Chairman