GKW Limited has informed the Exchange regarding Appointment of Ms MKB & Associates as Other of the company w.e.f. April 01, 2025.
GKWLIMITED · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GKW Limited's board, at its May 15, 2025 meeting, approved the appointment of M/s. MKB & Associates, a peer-reviewed firm of Company Secretaries based in Kolkata, as Secretarial Auditors for a 5-year term covering FY 2025-26 to FY 2029-30, subject to shareholder approval. The board also approved audited financial results for Q4 and FY ending March 31, 2025, reporting a full-year loss after tax of Rs 1,846.90 lakhs compared to a profit of Rs 1,385.15 lakhs last year, though total comprehensive income was a strong Rs 21,292.20 lakhs driven by a Rs 7,074.42 lakh revaluation gain on freehold land and a Rs 22,127.41 lakh reversal of deferred tax liability. Q4 FY25 alone showed a profit after tax of Rs 380.46 lakhs. Additionally, Independent Directors Mr. Kishor Shah and Mr. Mohit Bhuteria were re-appointed for a second 5-year term starting September 23, 2025. The statutory auditor Haribhakti & Co. LLP issued an unmodified opinion.
Routine governance update with no material negative implications; the full-year accounting loss is largely offset by non-cash revaluation and tax gains, leaving net worth robust. Shareholders should watch the upcoming AGM where the secretarial auditor appointment and director re-appointments require their approval.