Pursuant to Regulations 33 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Board of Directors of ....
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Vikalp Securities Ltd's Board of Directors approved unaudited standalone financial results for the quarter and nine months ended 31st December 2025 at a meeting held on 13th February 2026. Total income for Q3 FY26 stood at just Rs 0.26 lakh, while the company reported a loss after tax of Rs 3.89 lakh in the quarter. For the nine months ended December 2025, total income was Rs 14.03 lakh with a loss after tax of Rs 7.36 lakh, an improvement over the Rs 10.81 lakh loss in the same period last year. The statutory auditor M/s Rajeshkumar P. Shah & Co issued a limited review report with an Emphasis of Matter, flagging that the company has given unsecured loans without obtaining RBI registration under Section 45-IA of the Reserve Bank of India Act, 1934. The company has stated there are no exceptional items to report for the period.
The continued losses, very low revenue, and the auditor's flag on RBI non-registration for lending activity raise serious governance and regulatory concerns for shareholders. Investors should treat this as a high-risk, small-cap situation where the business fundamentals and regulatory standing are weak.