Shikhar Leasing & Trading Reports ₹9.40 Crore Q1 Profit, Appoints New Company Secretary

Shikhar Leasing & Trading Limited has announced its unaudited financial results for the quarter ended June 30, along with a key appointment to its leadership team.

Financial Performance

The company reported a total revenue of ₹20.64 crore for the quarter, with interest income contributing ₹17.04 crore and rental income adding ₹6.29 crore. Shikhar Leasing & Trading posted a net profit of ₹9.40 crore for the period, translating to basic earnings per share of ₹0.74.

Key Financial Metrics

New Appointment

In a significant move, the company's Board of Directors has appointed Ms. Vidhi Neelkanth Vekaria as the new Company Secretary and Compliance Officer, effective August 7. Ms. Vekaria, also known as Vidhi Deep Shah, brings a wealth of experience to her new role.

Professional Background

Ms. Vekaria is a qualified Company Secretary and an Associate Member of The Institute of Company Secretaries of India. She holds a law degree from Sandesh College of Law and a commerce degree from Mumbai University. Prior to joining Shikhar Leasing & Trading, Ms. Vekaria worked with private sector corporates, managing regulatory compliance matters. Her most recent association was with Sanjay Doshi and Associates, a PCS Firm, where she handled corporate secretarial duties.

Board Meeting Details

The company's Board of Directors convened on August 7 to approve the unaudited financial results. The meeting, which commenced at 3:00 PM and concluded at 3:30 PM, also saw the approval of Ms. Vekaria's appointment.

Auditor's Review

M/s. A D V & Associates, Chartered Accountants, the statutory auditors of the company, have carried out a limited review of the financial results for the quarter ended June 30. The auditors reported that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

Shikhar Leasing & Trading Limited continues to operate primarily in the finance activities segment, as noted in their financial statement disclosures.