The Board of Director''s in their meeting held on August 14, 2025 interalia considered the following: 1. Unaudited Financial Results for the Quarter ended June 30, 2025 along with Limited ....
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Shikhar Consultants Ltd reported zero revenue from operations for the quarter ended June 30, 2025, with no other operating income recorded. The company posted a net loss of about Rs. 5.06 lakh in Q1 FY26, wider than the Rs. 4.24 lakh loss in the same quarter last year. Total expenses stood at Rs. 5.06 lakh, mainly employee costs (Rs. 90,000) and other expenses (Rs. 4.16 lakh). The company's reserves are deep in the red at about negative Rs. 2.71 crore against share capital of Rs. 4.54 crore, indicating accumulated losses far exceeding equity. The Board also acknowledged a past non-compliance with SDD Software entry for FY25 and committed to full compliance going forward. The auditor issued an unqualified Limited Review Report.
The company continues to burn cash with no revenue stream and deepening losses, which raises serious going-concern concerns for shareholders. Negative reserves of Rs. 2.71 crore mean the company is technically insolvent on a net-worth basis, and there is no visible path to profitability from current operations.