Gyftr Limited Board Approves Q1 FY27 Results; Appoints Two Non-Executive Directors
Gyftr Limited's Board approved Q1 FY27 results. Revenue from operations was ₹15,530.19 lakh. Mr. Arvind Prabhakar and Ms. Puja Punj were appointed as Non-Executive Directors. Mr. Kapil Garg and Ms. Gunjan Jain resigned as Non-Executive Directors. The company also transitioned from NBFC operations.
The appointment of new directors and resignation of existing ones can have a medium-term impact on the company's strategic direction and governance. The financial results and business transition are also significant factors.
The announcement includes routine financial results, director appointments, and resignations, which are neutral corporate events. While there is a qualified auditor's report, it relates to past events and does not immediately impact current operations.
Gyftr Limited (formerly LKP Finance Limited) announced the outcome of its Board of Directors meeting held on August 14, 2026. The Board approved the Un-audited Standalone & Consolidated Financial Results for the quarter ended June 30, 2026. The meeting commenced at 3:30 P.M. and concluded at 4:15 P.M.
In line with the recommendations of the Nomination & Remuneration Committee, the Board approved the appointment of Mr. Arvind Prabhakar (DIN: 05232758) and Ms. Puja Punj (DIN: 07720891) as Additional Directors in the category of Non-Executive Director, effective from August 14, 2026. Both directors are liable to retire by rotation.
Furthermore, the Board accepted the resignations of Mr. Kapil Garg (DIN: 01716987) and Ms. Gunjan Jain (DIN: 10496273) from their positions as Non-Executive Non-Independent Directors. Their resignations are effective from the closing hours of August 14, 2026, citing personal reasons. Both directors confirmed that there are no other material reasons for their resignations.
The company's financial results for the quarter ended June 30, 2026, show standalone revenue from operations of ₹15,530.19 lakh and a profit after tax of ₹364.67 lakh. Consolidated revenue from operations stood at ₹15,530.19 lakh with a profit after tax of ₹528.03 lakh. The company has transitioned from its Non-Banking Financial Company (NBFC) operations to focus on the gift voucher and rewards business, with its NBFC license surrendered on March 20, 2026. The auditor's report includes a qualified conclusion due to an ongoing litigation concerning borrowings from Kingfisher Airlines Limited, with a garnishee order for ₹2,500 lakh plus interest pending before the Debt Recovery Appellate Tribunal.
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Gyftr Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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