GK Energy Limited has formally announced the resignation of its Company Secretary and Compliance Officer, marking a significant change in the company's key managerial personnel. The announcement was made through regulatory filings to stock exchanges on March 10, 2026.

Resignation Details

Mr. Jeevan Santoshkumar Innani has tendered his resignation from the position of Company Secretary and Compliance Officer, effective from the close of business hours on March 14, 2026. The resignation was submitted to pursue professional opportunities outside the company.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was sent to both the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with regulatory requirements.

The disclosure includes all mandatory details as required under SEBI Master Circular No HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, along with the formal resignation letter.

Company Background

GK Energy Limited, formerly known as GK Energy Private Limited and GK Energy Marketers Private Limited, operates under CIN L74900PN2008PLC132926. The company is headquartered in Pune, Maharashtra, with its registered office at Gokhale Business Bay, Kothrud.

Acknowledgment and Transition

In his resignation letter, Mr. Innani expressed gratitude to the Board and Management for their trust and support during his tenure. He highlighted his role in overseeing the corporate governance framework and ensuring the company's adherence to statutory and regulatory requirements. The resignation was formally accepted and acknowledged by the company on March 10, 2026.

The announcement was signed by Sunil Kamalkishor Malu, Chief Financial Officer of GK Energy Limited, confirming the company's commitment to maintaining transparency in corporate governance matters.

GK Energy Limited has disclosed the conclusion of GST search proceedings initiated by the Maharashtra State Goods and Services Tax Department, with the authorities raising demands totaling ₹7.36 crore across multiple violation categories. The search operations, which began on February 27, 2026, concluded on March 04, 2026.

Search Proceedings Timeline and Authority Details

The search proceedings were conducted by the Assistant Commissioner of State Tax, Maharashtra, under the applicable provisions of the Maharashtra Goods and Services Tax Act, 2017. The company made the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Violation Details and Financial Impact

The Maharashtra GST authorities have identified three specific areas of violation, with the total demand amounting to ₹7.36 crore. The violations primarily relate to input tax credit irregularities across different categories.

Company Response and Legal Recourse

GK Energy Limited has stated that it extended full cooperation throughout the search proceedings and provided all necessary documents, information, and clarifications as requested by the GST officials. The company emphasized that there is no significant impact on its financials, operations, or other activities due to this order.

The company has indicated that the order is appealable and it will take necessary actions, including exercising the legal remedies available under GST law. This suggests the company may challenge the demands through the appropriate appellate mechanisms.

Regulatory Compliance and Market Impact

The disclosure demonstrates GK Energy Limited's adherence to regulatory transparency requirements under SEBI listing regulations. The company has assessed that despite the monetary demands raised by the authorities, there is currently no material impact expected on its business operations or financial performance, particularly given the available legal remedies under GST law.