Shikhar Leasing reports net loss of ₹10.24 lakh in FY26
Shikhar Leasing and Trading Limited reported a net loss of ₹10.24 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹13.93 lakh in the previous year. The decline was primarily due to a sharp increase in total expenses to ₹110.08 lakh, with employee benefit expenses more than doubling to ₹81.80 lakh, alongside a drop in other income. Consequently, the Directors did not recommend any dividend for the year. The Board has recommended the re-appointment of Mr. Vipul Popatlal Chheda as Wholetime Director, subject to shareholder approval at the 42nd Annual General Meeting scheduled for July 30, 2026.
*this image is generated using AI for illustrative purposes only.
Shikhar Leasing and Trading Limited reported a net loss of ₹10.24 lakh for the financial year ended March 31, 2026, reversing the net profit of ₹13.93 lakh recorded in the previous year. The company’s total income declined to ₹94.09 lakh from ₹103.03 lakh in FY25, driven by a substantial reduction in other income which fell to ₹0.12 lakh from ₹22.68 lakh. While interest income improved to ₹68.82 lakh from ₹52.92 lakh, total expenses surged to ₹110.08 lakh from ₹80.41 lakh, primarily due to a sharp rise in employee benefit expenses which more than doubled to ₹81.80 lakh.
In view of the financial losses, the Directors stated that they are unable to recommend any dividend for the financial year 2025-26. The company also did not transfer any amount to reserves. The Board of Directors has recommended the re-appointment of Mr. Vipul Popatlal Chheda (DIN: 00297838) as Wholetime Director, who retires by rotation at the ensuing Annual General Meeting. The appointment is subject to the approval of shareholders.
The statutory auditors, M/s. A D V & Associates, provided an unmodified report on the financial statements for FY26. The auditors noted that the company has adequate internal financial controls over financial reporting and that such controls were operating effectively as of March 31, 2026. The secretarial audit report, however, highlighted that the company is non-compliant regarding the dematerialization of entire promoter shareholding under Regulation 31(2) of the SEBI (LODR) Regulations, 2015. Management responded that most promoter shareholders have already dematerialized their shares and the pending process will be completed shortly.
The 42nd Annual General Meeting of the company is scheduled to be held on Thursday, July 30, 2026, at 02:00 p.m. at the registered office in Mumbai. The remote e-voting period will commence on July 27, 2026, and conclude on July 29, 2026. The record date for determining shareholder entitlement to vote at the AGM is July 23, 2026.
Financial Performance Summary
| Particulars | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | ||
| Interest Income | 68.82 | 52.92 |
| Rental Income | 25.15 | 27.43 |
| Total Revenue | 93.97 | 80.35 |
| Other Income | 0.12 | 22.68 |
| Total Income | 94.09 | 103.03 |
| Total Expenses | 110.08 | 80.41 |
| Profit/ (Loss) before Tax | (15.99) | 22.62 |
| Net Profit / (Loss) | (10.24) | 13.93 |
Historical Stock Returns for Shikhar Leasing & Trading
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What specific strategic initiatives will management implement to curb the surging employee benefit expenses and restore profitability?
Will the company seek to diversify its revenue streams to reduce reliance on volatile other income, which dropped significantly this year?
What is the expected timeline for full compliance with SEBI regulations regarding the dematerialization of promoter shareholding?
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