Appointment of Secretarial Auditor

GK Consultants held a board meeting on May 30, 2025 that resulted in sweeping changes across leadership, audit, and business direction. The most serious red flag is that audited financial results for Q4 and FY25 could not be approved because the statutory auditors did not submit the audit report — meaning investors will not see timely annual results. On the people front, Managing Director Divya Malini Gupta resigned citing 'other pre-occupation' and Independent Director Geeta Hans also stepped down. Saroj Gupta, who was CFO, was redesignated as the new Managing Director (she is the mother of existing director Bakhshish Gupta), and former Bank of Baroda veteran Pardeep Kumar Misra was appointed as Executive Director and CFO for three years. The company also appointed new statutory auditors (Punam Kumar Gupta & Associates for 5 years) and a secretarial auditor (G Rishabh & Co for 5 years), and proposed amending its main objects to enter gold-backed lending and vehicle financing — a clear pivot from its current business. The registered office is also being shifted within Delhi.