Shikhar Consultants raised ₹0 in FY26. Its balance sheet is already underwater.
The nano-cap NBFC's audited results show no revenue, a net loss, and negative reserves of ₹2.8 crore.
— 1 earlier story on Shikhar Consultants Ltd. →What's new
- Shikhar Consultants reported zero operational revenue for FY26.
- Net loss was ₹10.85 lakh, deepening a trend of stagnation.
- Cash on hand is just ₹31,851 against negative reserves of ₹2.8 crore.
Why this matters
This isn't a struggling business; it's an inactive one. With zero income and a cash balance that wouldn't cover a single employee's monthly salary, the audited statements describe a corporate shell. The only board action was a routine internal auditor re-appointment.
What we're watching
- Whether the company generates any revenue in FY27 at all.
- If negative reserves push the entity toward insolvency thresholds.
- Any move to merge, sell, or formally wind down the operation.
The full read
Shikhar Consultants is an NBFC with a market cap of ₹6 crore. It reported ₹0 in revenue for FY26. The net loss was ₹10.85 lakh. Its balance sheet shows negative reserves of ₹2.8 crore and a cash balance of ₹31,851.
This is a business with no income and no cash. The annual results simply confirm the quarterly trend: nothing is happening here. The only board-level activity beyond the loss report was the routine re-appointment of an internal auditor, which for a company this size and this dormant may be its most consistent operational event.
Questions answered
- How much revenue did Shikhar Consultants earn in FY26?
- Zero. The audited statements show no operational revenue for the full fiscal year ended March 31, 2026.
- What is the company's current financial position?
- It holds negative reserves of ₹2.8 crore and only ₹31,851 in cash. The net loss for the year was ₹10.85 lakh.
- Is this a sudden decline?
- No. The results align with prior quarterly trends and confirm persistent operational stagnation. There is no evidence of a turnaround.
- What else did the board decide?
- The only other action was the re-appointment of an internal auditor for FY27, a standard administrative procedure.
Story so far
All notes on SHIKHAR →- 29 May 2026 · 9:51 PM IST Shikhar Consultants raised ₹0 in FY26. Its balance sheet is already underwater.
- 1d ago Shikhar Consultants reports zero revenue, ₹10.85 lakh net loss