Audited Financial Results (standalone) for the Fourth Quarter and year ended as on 31st March, 2026
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Vikalp Securities Ltd reported a net loss of Rs. 10.41 lakhs for FY26, significantly improved from Rs. 73.82 lakhs loss in FY25. The company has zero revenue from operations, with total income of only Rs. 2.22 lakhs from other sources. Operating cash flow turned positive at Rs. 4.87 lakhs compared to negative Rs. 66.64 lakhs in the previous year. The balance sheet shows negative other equity of Rs. 77.41 lakhs. The statutory auditor issued an unmodified opinion but included an Emphasis of Matter noting the company has deployed funds for unsecured loans without registering with RBI as required under Section 45-IA of the RBI Act, 1934.
The significant reduction in losses and positive operating cash flow are positive signs, but the company remains loss-making with negative equity and zero operating revenue. The RBI compliance issue raised by auditors could attract regulatory scrutiny and poses additional risk to shareholders.