Gold Rock Investments Limited , a prominent player in the investment sector, has announced significant leadership changes and reappointments at its 47th Annual General Meeting (AGM) held on September 30. The company's shareholders approved several key appointments, reinforcing its governance structure and strategic direction.

New Appointments and Reappointments

The AGM saw the appointment of M/s. Ankit Tiwari & Co., a peer-reviewed firm of Practicing Company Secretaries, as the Secretarial Auditor for a term of five consecutive financial years, from FY 2025-26 to FY 2029-30. This move is expected to enhance the company's compliance and governance practices.

In a significant addition to its board, Gold Rock Investments appointed Mr. Ajay Verma as a Non-Executive Independent Director for a five-year term, effective from August 14 to August 13, 2030. Verma brings over 40 years of leadership experience across various sectors, including Oil & Gas, FinTech, and Digital Payments. His extensive background includes serving as an Executive Director (Marketing) at Indian Oil Corporation Ltd. and leading business strategy and expansion in the financial services and technology space with the Bankit group of companies since 2020.

The company also reappointed Ms. Komal Mundhra as a Non-Executive Independent Woman Director for a second five-year term, from November 13 to November 12, 2030. Mundhra, an advocate with 10 years of legal practice experience, is expected to continue providing valuable legal insights to the board.

Leadership Continuity

In a move ensuring leadership continuity, Mr. Alok Mukherjee was reappointed as Managing Director for a three-year term, from February 13, 2026, to February 12, 2029. Mukherjee, associated with Gold Rock Investments since 1995, has been instrumental in driving e-governance projects and implementing biometric and identity technologies across various sectors. His expertise in taxation, SEZ operations, and new business initiatives is considered crucial for the company's ongoing growth and development.

Shareholder Approval and Voting Results

All resolutions presented at the AGM were passed with requisite majority, demonstrating strong shareholder support for the company's strategic decisions. The voting results showed unanimous approval across both promoter and public categories for all the proposed appointments and reappointments.

Corporate Governance and Compliance

The appointment of M/s. Ankit Tiwari & Co. as Secretarial Auditor underscores Gold Rock Investments' commitment to maintaining high standards of corporate governance and regulatory compliance. The firm brings extensive experience in secretarial audits, SEBI compliances, and various corporate actions.

Gold Rock Investments' strategic appointments and reappointments reflect its focus on blending experienced leadership with fresh perspectives. The diverse expertise of the newly constituted board is expected to guide the company through evolving market dynamics and capitalize on new growth opportunities in the investment sector.

As Gold Rock Investments moves forward with its strengthened leadership team, stakeholders will be keenly watching how these changes translate into strategic initiatives and financial performance in the coming years.

Gold Rock Investments Limited, a Non-Banking Financial Company (NBFC) focused on investment activities, has reported a significant increase in its financial performance for the fiscal year 2023. The company's board recently approved the audited standalone and consolidated financial results, revealing substantial growth in both revenue and profitability.

Financial Highlights

Net Profit

Gold Rock Investments reported a standalone net profit of ₹495.41 lakh for FY2023, marking a remarkable 246% increase from ₹142.92 lakh in the previous year.

Revenue

The company's revenue from operations saw a significant uptick, rising to ₹668.13 lakh in FY2023 from ₹340.98 lakh in the previous year, representing a 96% year-over-year growth.

Auditor Appointments and Reappointments

In addition to the financial results, the company made several key decisions regarding its auditors:

• Secretarial Auditor: Neha Poddar & Associates were reappointed for FY 2023-24.
• Internal Auditor: Neeta Bansal & Associates were reappointed for FY 2023-24.
• Statutory Auditors: Rajeev Sharma & Associates provided an unmodified audit opinion on the financial statements.

Company Overview

Gold Rock Investments Limited operates as a Non-Banking Financial Company, primarily focusing on investment activities. The company's strong financial performance in FY2023 reflects its effective investment strategies and operational efficiency in the face of market challenges.

Conclusion

Gold Rock Investments Limited's impressive financial results for FY2023 demonstrate the company's resilience and growth potential in the competitive NBFC sector. The significant increase in net profit and revenue highlights the effectiveness of the company's investment strategies and operational management.