Reconstituted of all committees of the board
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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GK Consultants Ltd held a board meeting on May 30, 2025, where the company disclosed that it did not receive the audit report from its statutory auditors, so audited financial results for Q4 and FY25 (ended March 31, 2025) could not be approved. The board proposed amending its objects to include lending against gold and vehicle financing, subject to shareholder approval — a notable shift in business direction. New appointments include a statutory auditor (Punam Kumar Gupta & Associates for 5 years), a secretarial auditor, and an internal auditor. CFO Saroj Gupta was redesignated as Managing Director, replacing Divya Malini Gupta who resigned citing other pre-occupations, and Pradeep Kumar Misra was appointed Executive Director. Independent Director Geeta Hans also resigned for personal reasons. Board committees were reconstituted accordingly, and the registered office was shifted within Delhi.
The inability to approve FY25 audited results due to a missing audit report is a serious governance red flag that may delay disclosures and create uncertainty for shareholders. The management reshuffle, auditor change, and pivot into gold and vehicle lending signal a strategic transformation but also heighten execution and continuity risk.