Intimation of Annual General Meeting
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Awaiting price reaction for this filing.
The Board of Directors of Shikhar Leasing & Trading Ltd approved audited financial results for Q4 and FY ending March 31, 2025, along with the Notice of AGM scheduled for June 30, 2025. The statutory auditors (M/s. ADV & Associates) issued an unmodified opinion on the financial results. Total revenue for FY25 stood at Rs. 80.35 lacs vs Rs. 74.10 lacs in FY24, but profit before tax dropped sharply to Rs. 22.62 lacs from Rs. 266.54 lacs. The Board did not recommend any dividend for FY25. Additionally, D. Kothari & Associates was appointed as Secretarial Auditors for a five-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval, and Mrs. Julie Mehul Shah was proposed for reappointment as director. The company had earlier allotted bonus shares in a 3:1 ratio to non-promoter shareholders.
Shareholders should note the sharp decline in profitability (EPS fell from Rs. 20.10 to Rs. 1.09) and the absence of any dividend, which may weigh on the stock. The negative operating cash flow of Rs. 200.73 lacs signals working capital stress, though the clean audit opinion and stable revenue provide some comfort. Investors should watch the AGM on June 30, 2025 for any updates on business direction.