Pursuant to Regulations 30, 33 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Board of Directors ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vikalp Securities Ltd reported audited financial results for FY2026 with a net loss of Rs. 10.41 lakhs, an improvement from the previous year's loss of Rs. 73.82 lakhs. Total income declined significantly to Rs. 2.22 lakhs from Rs. 14.12 lakhs in the prior year. The company continues to operate at a loss with negative other equity of Rs. 77.41 lakhs. Statutory auditors Rajeshkumar P. Shah & Co. issued an unmodified (clean) audit opinion. However, the auditor's Emphasis of Matter paragraph flags that the company has deployed funds for giving unsecured loans without obtaining RBI registration under Section 45-IA of the RBI Act, 1934, which is a regulatory compliance concern.
While losses have narrowed year-on-year, the company faces ongoing profitability challenges and negative equity position. The RBI registration issue noted by auditors raises regulatory risk and potential legal complications for shareholders.