M/s Shikhar Holdings (P) Limited

The Reserve Bank of India cancelled the Certificate of Registration of five Non-Banking Financial Companies in exercise of powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The cancellation covers M/s Key Dealers Private Limited, M/s Mudrika Stationery Pvt. Ltd, M/s Parasad Trading Company Private Limited, M/s Lordem Trading Co (P) Limited, and M/s Shikhar Holdings (P) Limited. Following cancellation, these companies are not permitted to transact the business of a Non-Banking Financial Institution as defined under clause (a) of Section 45-I of the RBI Act, 1934.

The five named companies lose the ability to operate as NBFCs and must stop any regulated non-banking financial institution activity. Depositors, borrowers, and counterparties should treat them as no longer authorised for NBFC business after the cancellation dates stated in the release.