The Board of the Director of the Company in their meeting held on May 29, 2026 interalia consider and approve the following: 1. Audited Financial Results for the Quarter and year ended ....
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Shikhar Consultants Ltd, an NBFC registered with RBI, reported audited standalone financial results for FY ended March 31, 2026. The company posted Profit Before and After Tax of Rs 10,85,303, compared to a loss of Rs 9,08,961 in the previous year. However, Revenue from Operations was Rs 0 for the year, with the profit coming from other income sources. Total assets stood at Rs 29,307,370, while borrowings increased to Rs 10,065,391. Other Equity remained deeply negative at Rs -28,165,661 (accumulated losses). Operating cash flow was negative at Rs -11,60,343. The board also approved appointment of Ms. Mansi Biyani as Internal Auditor for FY 2026-27. Critically, the auditor issued a Qualified Opinion citing indeterminate effects (despite a separate declaration of unmodified opinion being filed).
The company returned to profit but has zero operating revenue, deeply negative equity, and negative operating cash flow. The discrepancy between the qualified auditor opinion and the unmodified opinion declaration raises governance concerns. Shareholders should note the financial health issues despite the nominal profit.