BSEVertex Securities LtdMediumNeutral
Announced Wed, 30 Apr · 17:39 IST

Intimation under Regulation 30 of the Securities Exchange Board of India (Listing Obilgation and Disclosure Requirements) Regulations, 2015

Management Changes View source PDF

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AI summary

Vertex Securities' board, at its April 30, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. On a standalone basis, the company reported total income of Rs. 864.18 lakhs (vs Rs. 870.10 lakhs in FY24) but swung to a net loss of Rs. 74.86 lakhs compared to a net profit of Rs. 37.96 lakhs in the previous year, with EPS of Rs. (0.10). Total expenses rose to Rs. 939.04 lakhs from Rs. 833.38 lakhs, and total equity declined to Rs. 945.95 lakhs. The board also re-appointed Mr. Kumar Nair as Executive Director (5 years from May 21, 2025), appointed Ms. Meera Haridas as Additional Woman Executive Director (3 years from May 1, 2025), and appointed Mr. Krishnaswamy Anand as Independent Director (5 years from May 12, 2025). M/s. Minu and Thomas were re-appointed as Internal Auditor for FY 2025-26. Statutory auditor Deoki Bijay & Co issued an unmodified opinion on both standalone and consolidated results.

Likely market impact

Shareholders should note the company's swing to a net loss in FY25 driven by higher expenses, which is a negative signal for near-term profitability. The director and auditor changes appear routine and are unlikely to materially affect the stock price.