The Board of Directors of the Company has considered and approved Audited Financial Result for the Quarter and year ended March 31, 2025 along with Audit Report thereon
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Shikhar Consultants Ltd, a non-banking finance company (NBFC), reported zero operating income for FY25, the same as FY24 which had only Rs. 3,200 in other operating income. Total expenses fell sharply to Rs. 9.09 lakh from Rs. 49.79 lakh last year, mainly due to lower other expenses. As a result, net loss narrowed to Rs. 9.09 lakh in FY25 from Rs. 49.76 lakh in FY24, with EPS improving to Rs. -0.20 from Rs. -1.10. The balance sheet shows paid-up capital of Rs. 4.54 crore but negative reserves of Rs. -2.71 crore, effectively eroding shareholder equity. Operating cash flow remains negative at Rs. -9.09 lakh, though financing activities brought in Rs. 9.45 lakh, leaving closing cash at just Rs. 35,383. Notably, the company's declaration to the stock exchange claims an 'unmodified opinion' from auditors, but the auditor's report itself is headed 'Qualified Opinion', which is a material contradiction. The board also appointed Ms. Mansi Biyani as Internal Auditor for FY26.
Shareholders should be concerned: the company has zero revenue, persistent losses, deeply negative reserves wiping out over half its share capital, and a qualified audit opinion despite the board claiming otherwise. The stock is thinly traded and likely illiquid; near-term outlook appears weak with no signs of operating revival.