Outcome of the board Meeting pursuant to regulation 30 of SEBI(LODR) regulations, 2015
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GK Consultants Ltd held a board meeting on May 30, 2025 with multiple significant decisions. Most notably, the company could not approve its audited financial results for Q4 and FY ended March 31, 2025 because the Statutory Auditors did not deliver the audit report. The Board appointed new Statutory Auditors, M/s Punam Kumar Gupta & Associates, for a 5-year term (FY26–FY30), effectively replacing the previous auditor mid-year. On the leadership side, Saroj Gupta was redesignated from CFO to Managing Director (replacing Divya Malini Gupta who resigned citing other preoccupations), and Pardeep Kumar Misra was appointed as Executive Director and CFO for 3 years. Independent Director Geeta Hans also resigned for personal reasons. The company also proposed amending its MOA to enter gold loans and vehicle financing businesses, appointed a new Internal Auditor and Secretarial Auditor, reconstituted board committees, and approved shifting its registered office within Delhi.
This is a negative signal for shareholders — the failure to receive the audit report means FY25 results remain unapproved and unaudited, raising concerns about financial reporting quality and governance. The mid-year auditor change, combined with the exit of the Managing Director and an Independent Director, points to instability. The proposed pivot into gold-backed lending and vehicle financing is a major strategic shift but remains subject to shareholder and regulatory approval.