Outcome of the Board Meeting held on Thursday, 13th November, 2025 and submission of Un-Audited Financial Results for the Second Quarter and half year ended 30th September, 2025
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Vikalp Securities Ltd reported its Q2 and half-year (H1 FY26) unaudited results for the period ended 30 September 2025. Total income collapsed to just ₹0.26 lakh in Q2 FY26, down sharply from ₹12.76 lakh in Q2 FY25. The company continues to post losses, though narrower: loss after tax was ₹0.96 lakh in Q2 FY26 vs ₹6.71 lakh in Q2 FY25, and ₹3.58 lakh for H1 FY26 vs ₹11.06 lakh in H1 FY25. Basic EPS stood at ₹-0.03 for the quarter and ₹-0.12 for the half year. Equity has weakened slightly to ₹234.61 lakh (vs ₹238.01 lakh at March 2025), with other equity deep in negative territory at ₹-70.58 lakh. The statutory auditor flagged an Emphasis of Matter noting that the company has deployed funds into unsecured loans without applying for the required regulatory registration.
The company remains loss-making with near-zero operating revenue, suggesting limited business activity. The auditor's emphasis of matter around unsecured lending without proper regulatory registration is a governance red flag that shareholders should monitor, though overall losses have narrowed compared to the prior year.