Shikhar Leasing & Trading Ltd

Financial results approved

• Unaudited standalone results for quarter ended 30 June 2026 approved.
• Limited Review Report issued by A D V & Associates.

Governance and disclosures

• Board meeting held on 13 August 2026 approved the results.
• Single segment: Finance Activities; segment reporting not applicable.
• Auditor remarks: no material misstatement identified.

Regulatory and publication notes

• Results to be published in newspapers per SEBI LODR Regulation 47.

Dematerialisation status

• Dematerialisation requests processed during the reporting period by the registrar (accepted/rejected).
• Dematerialised securities listed on the exchanges where the original shares are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• Depository's name substituted as registered owner in the records within prescribed timelines.

AGM Overview

• 42nd AGM scheduled for July 30, 2026 at 2:00 PM at the registered Mumbai office.
• Remote e-voting from July 27, 2026 09:00 IST to July 29, 2026 17:00 IST.

Financial Highlights FY2025-26

• Total income for year ended 31 Mar 2026: Rs 94.09 lakh.
• Net loss after tax: Rs 10.24 lakh; prior year profit Rs 13.93 lakh.
• Share dematerialisation stood at 88.93% of paid-up capital.

Governance & Appointments

• Vidhi Deep Shah appointed Company Secretary w.e.f. 7 August 2025.
• Vipul Popatlal Chheda to be re-appointed by rotation; Board recommends.

Related-Party & Compliance

• Related party transactions disclosed: two leave-and-licence agreements with Barindra Overseas and Thirdwave Constructions.
• Rent agreements specify Rs 10,000 per month for 33 months (1 June 2026–28 Feb 2029).
• CSR not applicable; no deposits; going concern disclosed.

Financial performance

• Total income for FY2025-26 was ₹94.09 lakh.
• Revenue from operations ₹93.97 lakh.
• Interest income ₹68.82 lakh and rental income ₹25.15 lakh.
• Total expenses ₹110.08 lakh.
• Profit before tax ₹(15.99) lakh.
• Net profit after tax ₹(10.24) lakh.

Dividend and reserves

• Dividend not declared due to losses.
• No transfer to reserves for 2025-26.

Capital structure

• Equity share capital ₹127.73 lakh.
• Other equity ₹593.52 lakh; net worth ₹721.24 lakh.
• Borrowings ₹179.72 lakh.
• Promoter dematerialization non-compliant under SEBI LODR 31(2).

Governance & board

• Board includes Vipul P. Chheda (Chairman) and directors Ravindra Myatra, Dhanesh Parikh, Julie Shah.
• Independent Directors: Ravindra Myatra and Dhanesh Parikh.
• Four board meetings held in 2025-26.
• Vipul Chheda retires by rotation; re-appointment recommended.

Auditors & compliance

• Statutory auditors: M/s A D V & Associates.
• Secretarial auditors: M/s D. Kothari & Associates.
• Internal financial controls are adequate and operating effectively.

Related party transactions

• Leave and license for Barindra Overseas Pvt Ltd office.
• Leave and license for Thirdwave Constructions Pvt Ltd office.
• Rent of ₹10,000 per month per lease.
• Board approved both arrangements on 29 May 2026.

Management discussion & risk

• Finance and Leasing segment remains stable.
• Outlook is positive despite losses.
• Normal competitive risk from new entrants.
• Internal controls and risk management are adequate.

Remuneration & employees

• Director remuneration ₹20.03 lakh.
• Remuneration for Vidhi Shah rose 100%.
• Permanent employees: 4.

Financial results

• Board approved audited standalone financial results for quarter and year ended 31 March 2026.
• Auditors issued an unmodified opinion on the audited standalone results.
• Audited financial statements included cash flow, balance sheet, and profit and loss statements.

Board decisions

• No dividend was recommended for the financial year ended 31 March 2026.
• Board proposed reappointment of Mr. Vipul Popatlal Chheda as director, retiring by rotation.
• Board approved Directors’ Report and AGM notice for 25 June 2026.
• Register of Members will remain closed from 19 June 2026 to 25 June 2026.

Audit remarks

• Statutory auditors reported an unmodified opinion on the standalone audited financial results.
• Auditor noted quarter figures were balancing figures between audited annual numbers and reviewed year-to-date figures.