Please find enclosed herewith the Notice and 37th Annual report of G.K. Consultants for the year ended on 31st March, 2025 for your information and record.
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G.K. Consultants Limited has filed the notice for its 37th Annual General Meeting (AGM) along with the Annual Report for FY 2024-25. The AGM is scheduled for Saturday, July 12, 2025 at 4:00 PM, to be held via video conferencing. Key items to be voted on include adoption of audited financial statements, appointment of new statutory auditor M/s Punam Kumar Gupta & Associates (replacing the retiring M/s Vinod Kumar Gupta & Associates) for a five-year term, and a significant proposal to alter the Memorandum of Association to add NBFC-related main objects such as financing and lending activities, indicating a possible business diversification. Additionally, shareholders will vote on reallocating 18.30% of funds from a prior preferential allotment towards working capital, regularization of Mrs. Saroj Gupta as Managing Director and Mr. Pradeep Kumar Misra as Executive Director (both for three years), appointment of a new secretarial auditor for five years, and approval of related party transactions with Prrsaar Sampada Private Limited up to Rs. 10 Crores per year.
The AGM includes a potentially transformative proposal to pivot into NBFC activities (lending against gold, property, shares), which could significantly change the company's business profile. Shareholders should review the auditor change, related party transaction limits, and the strategic shift toward financial services before voting.