Notice of Annual General Meeting.
Price
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Awaiting price reaction for this filing.
Shikhar Leasing & Trading Ltd has notified the 41st AGM to be held on Monday, 30th June 2025 at 2:00 p.m. at the registered office in Lower Parel, Mumbai. Three items will be taken up: adoption of FY25 audited financials, re-appointment of Director Mrs. Julie Mehul Shah (retiring by rotation), and appointment of M/s. D. Kothari & Associates as Secretarial Auditor for five years (FY26–FY30). Remote e-voting runs from 27th–29th June 2025 with cut-off date of 23rd June 2025. FY25 financials show total revenue of Rs. 80.35 lakh (up from Rs. 74.10 lakh) but net profit collapsed to Rs. 13.93 lakh from Rs. 201.04 lakh last year, mainly due to a steep fall in other income (Rs. 22.68 lakh vs Rs. 413.12 lakh). No dividend has been recommended. During the year, the company issued 2,77,260 bonus shares (3:1 ratio) to non-promoters, raising paid-up capital to Rs. 1.27 crore and lifting public shareholding to 28.94%.
The sharp drop in profit is the key concern for shareholders, though the business is still profitable. Bonus shares to non-promoters and continued compliance with minimum public shareholding are positive structural steps. Stock is unlikely to react strongly to a routine AGM notice, but investors should watch the meeting resolutions.