Outcome of the Board meeting pursuant to regulation 30 of SEBI(LODR) 2015
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GK Consultants Ltd informed BSE that the Board could not approve the audited financial results for Q4 and FY ended March 31, 2025, because the Statutory Auditors did not submit the Audit Report on time. The Board approved a proposal to amend the Memorandum of Association to add lending against gold and vehicle financing as new main business activities, pending shareholder approval. A new Statutory Auditor (M/s Punam Kumar Gupta & Associates) was appointed for a 5-year term, alongside a new Internal Auditor and Secretarial Auditor. Major leadership changes were made: CFO Saroj Gupta was redesignated as Managing Director, Pradeep Kumar Misra was appointed as Executive Director, while existing MD Divya Malini Gupta and Independent Director Geeta Hans resigned. All Board committees were reconstituted, and the registered office was shifted within Delhi.
The failure to receive the audit report and approve FY25 results is a significant red flag that could delay financial disclosure and dent investor confidence. The leadership churn, new auditor appointments, and pivot toward gold and vehicle lending suggest a strategic shift but also raise governance concerns worth monitoring closely.