Vikalp Securities Limited has formally notified BSE Limited about an upcoming board meeting scheduled to deliberate on the company's annual financial performance. The meeting represents a key milestone in the company's corporate governance calendar as directors prepare to review comprehensive financial results.

Board Meeting Details

The board of directors will convene on Wednesday, May 6, 2026, at the company's registered office located at 25/38, Karachi Khana, Kanpur-208 001, Uttar Pradesh. This meeting has been scheduled in accordance with regulatory requirements and will focus on critical financial disclosures.

Agenda Items

The board meeting will address several important matters related to the company's financial reporting and governance:

• Audited Financial Results: Consideration and approval of standalone audited financial results for the fourth quarter and year ended March 31, 2026
• Statutory Auditors' Report: Taking on record the report of the statutory auditors on the financial results
• Additional Business: Any other business items that may arise with the permission of the chairperson

Regulatory Compliance

The intimation has been issued pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered, ensuring transparency in corporate communications.

The notification was signed by Dipakkumar Ganeshbhai Patel, Director (DIN: 02488181), and submitted to BSE Limited on April 30, 2026. The company trades on BSE under scrip code 531334 and maintains its corporate identification number as L68200UP1986PLC007727.

Vikalp Securities has reported a net loss of Rs 0.96 lakhs for the quarter ended September 30, 2025, according to the company's latest financial results. The microcap firm, which operates in the financial services sector, faced challenges during the period, with total income falling short of expenses.

Financial Performance

For the quarter under review, Vikalp Securities recorded a total income of Rs 0.26 lakhs, which was significantly outweighed by total expenses of Rs 1.25 lakhs. This resulted in a loss before tax of Rs 1.02 lakhs for the period.

The company's financial performance can be summarized in the following table:

Regulatory Compliance Issues

In a concerning development, the company's auditors have highlighted a significant regulatory compliance issue. According to the auditors' report, Vikalp Securities has deployed funds for unsecured loans without obtaining the required registration from the Reserve Bank of India (RBI) under section 45-IA of the RBI Act.

This observation raises questions about the company's compliance with regulatory norms and may potentially expose it to regulatory scrutiny or penalties.

Balance Sheet Overview

As of September 30, 2025, Vikalp Securities reported:

• Total Assets: Rs 256.67 lakhs
• Total Equity: Rs 234.61 lakhs
• Current Liabilities: Rs 22.06 lakhs

The company maintains a paid-up equity share capital of Rs 305.19 lakhs, with a face value of Rs 10 per share.

Management Commentary

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on November 13, 2025. The company's management has not provided any specific commentary on the quarterly performance or the auditors' observations in the available documents.

Investor Considerations

While the company continues to operate in the securities market, the reported loss and the auditors' emphasis on regulatory non-compliance may be areas of concern for stakeholders. Investors and market participants may need to closely monitor the company's steps to address these issues and its plans for improving financial performance in the coming quarters.

The unaudited financial results have been prepared in accordance with the applicable Indian Accounting Standards (IND AS) and other recognized accounting practices and policies.

Investors are advised to consider the company's financial position and regulatory compliance status when making investment decisions.