Outcome of Board Meeting held on Monday, May 11, 2026
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Vertex Securities Ltd reported significant deterioration in its FY2026 financial performance. Standalone total income declined to Rs. 730.17 Lakhs from Rs. 864.17 Lakhs in FY2025, representing a 15.5% revenue decline. The company reported a standalone net loss of Rs. 222.32 Lakhs, more than doubling from the previous year's loss of Rs. 74.86 Lakhs. Consolidated net loss stood at Rs. 236.57 Lakhs. Operating cash flows remained negative at Rs. 56.02 Lakhs (standalone). The Board also approved appointment of Mr. Chrison Joseph as Principal Officer effective June 1, 2026. Statutory auditors Deoki Bijay & Co issued an unmodified (clean) opinion on the financial results. The company raised Rs. 370.06 Lakhs through a rights issue during the year.
The stock may face selling pressure due to tripling of losses and continued revenue decline. However, the clean audit opinion and successful equity raise provide some comfort. The company remains in operation despite ongoing losses.