ANNUAL REPORT F.Y. 2024-25.
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Vikalp Securities has called its 39th AGM on 29th September 2025 at 2:00 PM via video conferencing, with e-voting open from 25th to 28th September 2025. The company's FY25 financials show it posted a loss after tax of Rs. 73.82 lakhs, compared to a profit of Rs. 1.972 lakhs in FY24, with zero revenue from operations for the second year running and only Rs. 14.12 lakhs in other income. Total expenses surged to Rs. 108.40 lakhs from Rs. 24.474 lakhs, and no dividend has been declared. Key resolutions on the AGM agenda include re-appointment of statutory auditor M/s Rajeshkumar P. Shah & Co. for five years, regularization of Mrs. Kamuben Patel as non-executive director, appointment of a secretarial auditor, shifting the registered office from Uttar Pradesh to Gujarat, and re-appointment of Mr. Dipakkumar Patel as Chairman and Managing Director for another five years at a basic salary of Rs. 50,000 per month. The directors' report also mentions an open offer made during the year by Mr. Deepakbhai Patel, Mrs. Kamuben Patel, and Mr. Priyam Shah for 7,93,500 shares (26% stake) at Rs. 25 per share.
The continued loss-making position with no operational revenue is a red flag for shareholders, signalling weak business fundamentals. The proposed office shift to Gujarat and management continuity may indicate restructuring intent, but investors should watch closely whether revenue-generating activities resume before the next AGM.