Disclosure in terms of Regulation 30 of SEBI (LODR) Regulations, 2015_Regularize the appointment of Managing Director
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G.K. Consultants Ltd informed the stock exchange that shareholders at its 37th Annual General Meeting approved the regularization of Mrs. Saroj Gupta's appointment as Managing Director for three years (May 30, 2025 to May 29, 2028). Mr. Pradeep Kumar Misra, a former Bank of Baroda officer with 36 years of banking experience, was appointed as Executive Director cum CFO for the same three-year period. The company also appointed M/s. Punam Kumar Gupta & Associates as Statutory Auditors and G Rishabh & Co. as Secretarial Auditors, both for a term covering the 37th to 42nd AGM. Notably, Mrs. Saroj Gupta is the grandmother of Bakhshish Gupta, indicating a family connection on the board. The use of the word 'regularize' suggests her appointment may have been in effect before receiving formal shareholder approval.
The regularization of the Managing Director's appointment points to a prior governance gap where the MD was functioning without shareholder approval, which is a minor red flag for corporate governance. The entry of a family member (grandmother-grandson) onto the board reinforces promoter family control of the company, which shareholders should weigh when assessing minority shareholder protection.