Standalone Audited Financial Results for the Quarter and year ended March 31, 2026 along with Audit Report thereon and declaration of unmodified Opinion
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Shikhar Consultants Limited (NBFC) reported a profit before tax of Rs 10.85 lakh for FY26, a turnaround from a loss of Rs 9.09 lakh in FY25. Total revenue and operations remain at zero, with other income of Rs 3 for the quarter. The company declared an 'unmodified opinion' from its statutory auditor (BMAKS & Associates). However, the auditor's report explicitly issues a 'Qualified Opinion' citing indeterminate effects, contradicting the company's declaration. Other equity stands negative at Rs -28.17 lakh, while borrowings stand at Rs 1.01 crore. Cash flow from operations was negative at Rs 11.60 lakh. The company appointed Ms. Mansi Biyani as Internal Auditor for FY27.
The discrepancy between the company's declared 'unmodified opinion' and the auditor's actual 'Qualified Opinion' is a serious red flag. Shareholders should seek clarification on the nature of the qualification and the indeterminate effects cited by auditors. The negative other equity also raises concerns about the company's financial health.