Gyftr Limited has submitted to the exchange, outcome of Board Meeting held on 29th May, 2026.
GYFTR · price
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Gyftr Limited (formerly LKP Finance Limited) held its Board Meeting on May 29, 2026, approving audited standalone and consolidated financial results for FY ended March 2026. The company reported Total Income of Rs 44,141.02 lakhs and Standalone PAT of Rs 1,838.97 lakhs (up from Rs 1,032.35 lakhs YoY). EPS improved to Rs 2.66 from Rs 1.39. However, auditors issued a QUALIFIED OPINION due to inability to obtain balance confirmations from two lenders aggregating Rs 3,596.65 lakhs, and a garnishee order from DRT Bangalore claiming Rs 2,500 lakhs related to historical Kingfisher Finvest borrowings. The company surrendered its NBFC license in March 2026 and pivoted to gift voucher and rewards business. Management change occurred with Company Secretary resignation and new appointment.
The qualified audit opinion and pending legal dispute with DRT/DRAT represent significant risk factors. The business transformation from NBFC to gift voucher business has dramatically changed the company's financials, but auditors' concerns about unverifiable borrowings and contingent liabilities warrant caution for investors.