GKW Limited — Others, 15-05-2025: Appointment

GKW Limited has announced a board meeting that approved the audited financial results for the quarter and year ended March 31, 2025, with a clean audit opinion. The company’s total income declined to Rs. 36.63 Cr from Rs. 39.10 Cr last year, reporting a loss before tax of Rs. 12.32 Cr versus a profit of Rs. 19.09 Cr previously. A significant revaluation gain of Rs. 70.74 Cr on freehold land boosted total comprehensive income to Rs. 212.92 Cr. Warehousing and investment operations drove revenues, but higher finance costs and expenses weighed on profitability. The board also greenlit re-appointments of two Independent Directors and proposed appointing new Secretarial Auditors, signaling governance continuity. The ongoing joint development agreement in Bhandup West highlights the company’s focus on strategic asset monetization.