National Stock Exchange of India Limited (NSE) has withdrawn a penalty of Rs 1,50,000 previously levied on Wallfort Financial Services Limited regarding alleged non-closure of open observations in its Vulnerability Assessment and Penetration Testing (VAPT) Action Taken Report (ATR) for FY 2024-25. The withdrawal follows a directive from SEBI specifying that disciplinary actions or penalties for common trading members registered with more than one exchange should be initiated solely by the "Allocated Exchange." Consequently, the company has been allocated to another exchange for the purpose of levying penalties related to the identified non-compliances.

The initial penalty was imposed by NSE on June 11, 2025, under Exchange Circular Ref. No. NSE/INSP/63908 dated September 12, 2024. This action was taken due to the alleged failure to close open observations reported in the ATR submitted against the VAPT Report for FY 2024-25. The company had intimated BSE regarding this penalty via a letter dated June 11, 2025.

In its communication withdrawing the fine, NSE cited the advice from SEBI regarding the jurisdictional allocation of penalties for common trading members. As a result of this reallocation, NSE rescinded the financial penalty communicated via email on June 11, 2025. The company has now informed BSE of this development, noting that the earlier intimation stands superseded to the extent of the penalty amount stated therein.

Wallfort Financial Services reported a net loss of ₹299.91 lakh for the financial year ended March 31, 2026, a significant decline from the net profit of ₹1,200.48 lakh recorded in the previous year. The company's board approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026. The statutory auditors, M/s Kochar & Associates, issued an unmodified opinion on the results.

Financial Performance

The company's total income for FY26 stood at ₹1,601.13 lakh, a sharp decrease from ₹3,359.17 lakh in the previous year. Revenue from operations for the year was ₹480.07 lakh, down from ₹3,333.14 lakh in FY25. The decline was primarily driven by a net loss on fair value changes, which amounted to ₹-1,080.96 lakh for the year, compared to a loss of ₹-62.33 lakh in the prior year. Brokerage income also decreased to ₹2,073.03 lakh from ₹2,108.86 lakh.

For the quarter ended March 31, 2026, the company reported a net loss of ₹1,247.42 lakh. Total revenue from operations for the quarter was negative at ₹-1,607.38 lakh, largely due to the net loss on fair value changes of ₹-1,142.85 lakh and other operating income of ₹-1,067.01 lakh.

Key Metrics

The following table summarizes the key financial figures for the year and quarter ended March 31, 2026:

Operational Details

The board meeting commenced at 3:00 p.m. and concluded at 4:30 p.m. on May 27, 2026. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and comply with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that it has unrealised losses on fair value changes amounting to ₹1,080.96 lakh for the year ended March 31, 2026.

The paid-up equity share capital remained unchanged at ₹968.72 lakh. The company's cash and cash equivalents decreased to ₹65.19 lakh as of March 31, 2026, from ₹240.49 lakh in the previous year.