Intimation under Regulation 30 of SEBI ( Listing Obligation and Disclosure Requirements) Regulations, 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shikhar Leasing & Trading Ltd informed BSE that one of its promoters, Mr. Hemang Jadavji Shah, was arrested on Sunday, 18th May, 2025. He has been charged under Section 316(5) (Criminal Breach of Trust) and Section 318(4) (Cheating) of the Bharatiya Nyaya Sanhita (BNS). The company has clarified that the matter is not related to the Company and there is no impact on its financials, operations, or any other activities. The filing was made on 20th May, 2025, by the Company Secretary & Compliance Officer, Mr. Jai Prakash Vaidya, under Regulation 30 of SEBI Listing Regulations.
Although the arrest of a promoter is a negative headline, the company explicitly states it has no financial or operational impact on the listed entity. Retail investors should watch for any follow-up disclosures that might contradict this assurance or reveal related-party exposure.