Outcome of the board meeting pursuant to Regulations 30 of the SEBI(LODR) Regulations 2015
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GK Consultants Ltd announced that its 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 in time. The Board also approved a proposal to amend the company's objects clause to enter the lending business, specifically gold loans and vehicle financing (two-wheelers, four-wheelers, commercial and passenger vehicles), subject to shareholder approval. A significant leadership overhaul took place: Ms. Saroj Gupta was redesignated from CFO to Managing Director, Mr. Pardeep Kumar Misra was appointed Executive Director (3-year term), while the outgoing Managing Director (Ms. Divya Malini Gupta) and an Independent Director (Ms. Geeta Hans) resigned. A new statutory auditor, M/s Punam Kumar Gupta & Associates, was appointed for a 5-year term. New internal and secretarial auditors were also appointed, and the registered office is being shifted within Delhi.
The inability to approve audited FY25 results is a serious governance and compliance red flag that could affect trading status and erode shareholder confidence. The strategic pivot into gold and vehicle lending marks a meaningful business model shift, while the mass board changes and a new statutory auditor suggest internal restructuring that investors should monitor closely.