GK Energy Limited has disclosed that the Maharashtra State Goods and Services Tax Department initiated search proceedings at the company's registered office on February 27, 2026, under the applicable provisions of the Maharashtra Goods and Services Tax Act, 2017.

Official Disclosure Details

The company made the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The search proceedings were initiated by the Assistant Commissioner of State Tax, Maharashtra, with the company receiving communication at approximately 13:20 on February 27, 2026.

Company Response and Cooperation

GK Energy Limited stated that it is extending full cooperation and providing necessary information and assistance to the authorities during the ongoing proceedings. The company emphasized its commitment to transparency and compliance with regulatory requirements.

Current Impact Assessment

According to the company's official disclosure, no specific communication regarding any violation or contravention has been received as of the date of the announcement. The company has assessed that there is currently no material impact on its financials, operations, or other activities.

Regulatory Compliance

The disclosure demonstrates GK Energy Limited's adherence to regulatory transparency requirements under SEBI listing regulations. Such search proceedings are part of the regular oversight mechanisms employed by tax authorities to ensure GST compliance across various sectors.

GK Energy Limited has formally announced the resignation of Mrs. Chandra Iyengar from her position as Independent Director, marking a significant change in the company's board composition. The resignation, submitted on February 26, 2026, takes effect from the close of business hours on the same date.

Resignation Details

Committee Memberships Affected

Following her resignation as Independent Director, Mrs. Iyengar will also cease to hold positions in key board committees:

• Stakeholders Relationship Committee - Member
• Corporate Social Responsibility Committee - Member

Other Directorships

Mrs. Iyengar continues to serve as a director at Adani Energy Solutions Limited, where she holds multiple committee positions including:

• Chairman of Nomination and Remuneration Committee
• Chairman of Corporate Social Responsibility Committee
• Member of various committees including Audit Committee, Stakeholders Relationship Committee, Risk Management Committee, and others

Resignation Statement

In her resignation letter dated February 26, 2026, Mrs. Iyengar stated her decision to step down was driven by personal commitments and her desire to gradually reduce professional commitments. She expressed satisfaction in witnessing the company's progress and strengthening governance standards during her tenure.

Mrs. Iyengar confirmed that there are no material reasons for her resignation other than those mentioned in her resignation letter, as required under regulatory guidelines.

Company Response

The Board of Directors has expressed sincere appreciation for Mrs. Iyengar's valuable guidance and significant contributions during her tenure as Independent Director. The company has completed the necessary regulatory disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GK Energy Limited, formerly known as GK Energy Private Limited and GK Energy Marketers Private Limited, is listed on both NSE (Symbol: GKENERGY) and BSE (Scrip Code: 544525). The company is headquartered in Pune, Maharashtra.