GK Energy Limited has announced the appointment of Mr. Shubham Suresh Jain as Company Secretary and Compliance Officer, effective March 16, 2026. The appointment was approved by the Board of Directors during their meeting held on March 14, 2026, based on the recommendation of the Nomination and Remuneration Committee.

New Company Secretary Appointment

Mr. Shubham Suresh Jain (Membership No. A76578) has been designated as Key Management Personnel of the company. The appointment comes following the recent resignation of Mr. Jeevan Santoshkumar Innani, who served as the outgoing Company Secretary and Compliance Officer.

Professional Background

Mr. Jain is an Associate Member of the Institute of Company Secretaries of India (ICSI) with extensive experience in Corporate Laws, Corporate Governance, and SEBI-related compliances. Prior to joining GK Energy Limited, he served as Manager - Legal & Secretarial at Shree Refrigerations Limited, a BSE Listed Company, where he handled legal, governance, and regulatory functions including SEBI compliances and board processes.

His professional experience also includes working with DTSM & Associates, Pune, a reputed Company Secretary firm, and serving as Compliance Associate with Goel Ganga Group and Peppermint Robotics (Aubotz Labs Private Limited), where he managed secretarial and regulatory compliances for companies and LLPs.

Senior Management Addition

The company has also appointed Mr. Ramawatar Suresh Laddad as Assistant General Manager-Accounts, designated as Senior Management Personnel. This appointment strengthens the company's financial management capabilities.

Authorization Framework

The Board approved the authorization framework for determining the materiality of events or information under SEBI (LODR) Regulations, 2015. The following officials have been authorized to make such determinations:

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015, with intimations sent to both NSE (Symbol: GKENERGY) and BSE (Scrip Code: 544525). The Board meeting was conducted at the company's registered office in Pune, Maharashtra, commencing at 01:15 PM and concluding at 03:00 PM.

GK Energy Limited, operating under CIN L74900PN2008PLC132926, continues to maintain transparency in its corporate governance practices through these regulatory disclosures and strategic appointments.

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.