Resignation of Company Secretary & Compliance Officer.
GYFTR · price
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Note: The headline references Gyftr Ltd, but the actual filing is from LKP Finance Ltd (Scrip Code: 507912). The Board approved unaudited financial results for Q2/H1 FY26 ended September 30, 2025, reporting a profit after tax of Rs 503.19 lakhs for the quarter (vs Rs 1,313.71 lakhs in Q2 FY25), dragged by a net loss on fair value changes of Rs (975.01) lakhs. Mrs. Ruby Chauhan resigned as Company Secretary & Compliance Officer effective close of business on November 13, 2025, due to personal reasons, and Mr. Rishi Arya was appointed in her place effective November 14, 2025. The auditor (M/s PARV & Co.) issued a qualified review opinion, flagging inability to obtain balance confirmations from two lenders totaling Rs 3,596.65 lakhs, of which Rs 1,474.24 lakhs relating to Bestride Consultancy was written back as other income after sitting on the books for over 12 years. A garnishee order from the DRT Bangalore claiming Rs 2,500 lakhs (plus interest) over a Kingfisher Finvest borrowing of Rs 2,122.40 lakhs remains under contest, with Rs 1,126.22 lakhs already deposited under protest and Rs 613.44 lakhs in mutual funds attached. The company also completed a rights issue of 27,93,027 equity shares at Rs 450 per share on October 11, 2025.
The Company Secretary change is routine with immediate succession, but the qualified audit opinion and unresolved DRT litigation expose lingering legacy debt issues that warrant close monitoring. Quarterly profit fell sharply year-on-year due to mark-to-market losses, though a one-time loan write-back inflated other income.