StockWatch
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Other Financial Services
Management Change14 Aug 2026, 05:34 pm

Gyftr Appoints Two Non-Executive Directors, Two Resign

AI Summary

Gyftr Ltd announced board changes following a meeting on August 14, 2026. The company appointed Mr. Arvind Prabhakar and Ms. Puja Punj as Additional Directors in the Non-Executive category. Concurrently, Mr. Kapil Garg and Ms. Gunjan Jain resigned from their positions as Non-Executive Non-Independent Directors due to personal reasons. The board also approved the Un-audited Standalone & Consolidated Financial Results for the quarter ended June 30, 2026. The auditor's report included a qualified conclusion due to an ongoing litigation concerning borrowings, where the company has not recognized a liability pending resolution.

Key Highlights

  • Two new non-executive directors appointed: Arvind Prabhakar and Puja Punj.
  • Two non-executive directors resigned: Kapil Garg and Gunjan Jain.
  • Unaudited financial results for Q1 FY27 were approved.
  • Auditor issued a qualified conclusion on financial results.
  • Company transitioned from NBFC operations to gift voucher business.