Announcement • Aug 13
Vikalp Securities Limited to Report Q1, 2027 Results on Aug 14, 2026 Vikalp Securities Limited announced that they will report Q1, 2027 results on Aug 14, 2026 Board Change • Aug 06
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Oshin Vaghela is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • May 02
Vikalp Securities Limited to Report Q4, 2026 Results on May 06, 2026 Vikalp Securities Limited announced that they will report Q4, 2026 results on May 06, 2026 Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Oshin Vaghela is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 07
Vikalp Securities Limited to Report Q3, 2026 Results on Feb 13, 2026 Vikalp Securities Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Announcement • Nov 11
Vikalp Securities Limited to Report Q2, 2026 Results on Nov 13, 2025 Vikalp Securities Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 13, 2025 Announcement • Oct 01
Vikalp Securities Limited Announces Board Appointments Vikalp Securities Limited at its AGM held on September 29, 2025 announced regularization of Additional Director Mrs. Kamuben Dipakkumar Patel (DIN:10935347), as a non executive Director of the Company. The company also announced the appointment of Mr. Dipakkumar Ganeshbhai Patel (DIN:02488181) as a Chairman of the company for a period of five years. Announcement • Sep 08
Vikalp Securities Limited, Annual General Meeting, Sep 29, 2025 Vikalp Securities Limited, Annual General Meeting, Sep 29, 2025, at 14:00 Indian Standard Time. Announcement • Aug 09
Vikalp Securities Limited to Report Q1, 2026 Results on Aug 12, 2025 Vikalp Securities Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Board Change • Jul 14
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Oshin Vaghela is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 02
New major risk - Revenue and earnings growth Earnings have declined by 67% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹6.7m free cash flow). Shares are highly illiquid. Earnings have declined by 67% per year over the past 5 years. Revenue is less than US$1m (₹1.4m revenue, or US$17k). Market cap is less than US$10m (₹106.3m market cap, or US$1.24m). Announcement • May 27
Vikalp Securities Limited to Report Fiscal Year 2025 Results on May 30, 2025 Vikalp Securities Limited announced that they will report fiscal year 2025 results on May 30, 2025 Board Change • Apr 29
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Oshin Vaghela is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 11
Vikalp Securities Limited to Report Q3, 2025 Results on Feb 14, 2025 Vikalp Securities Limited announced that they will report Q3, 2025 results on Feb 14, 2025 New Risk • Jan 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹3.0m revenue, or US$35k). Market cap is less than US$10m (₹130.5m market cap, or US$1.52m). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Announcement • Nov 11
Vikalp Securities Limited to Report Q2, 2025 Results on Nov 14, 2024 Vikalp Securities Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Oct 05
Vikalp Securities Limited Approves Board Election Vikalp Securities Limited at the AGM held on September 30, 2024, approved to appoint Mrs. Oshin Shailesh Vaghela as an Independent (Non-Executive) Director of the Company. The company to appoint Mrs. Indira Suresh Vora as an Independent (Non-Executive) Director of the Company. The company to Appoint Mr. Deepakbhai Ganeshbhai Patel as a Non-Executive Non-Independent Director of the Company. Announcement • Sep 12
Vikalp Securities Limited, Annual General Meeting, Sep 30, 2024 Vikalp Securities Limited, Annual General Meeting, Sep 30, 2024, at 17:00 Indian Standard Time. Announcement • Aug 24
Vikalp Securities Limited Announces Resignation of Nida Khatoon as Company Secretary & Compliance Officer Vikalp Securities Limited announced that Mrs. Nida Khatoon, Company Secretary & Compliance Officer (Membership No. A70498) has tendered her resignation on 23rd August 2024 and received by the Company on 23rd August, 2024, from the post of Company Secretary and Compliance Officer of the Company due to her pre-occupation. Announcement • Aug 05
Vikalp Securities Limited to Report Q1, 2025 Results on Aug 13, 2024 Vikalp Securities Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Announcement • May 23
Vikalp Securities Limited to Report Q4, 2024 Results on May 29, 2024 Vikalp Securities Limited announced that they will report Q4, 2024 results on May 29, 2024 Announcement • Aug 30
Vikalp Securities Limited, Annual General Meeting, Sep 25, 2023 Vikalp Securities Limited, Annual General Meeting, Sep 25, 2023, at 09:00 Indian Standard Time. Location: 25/38, Karachi Khana, -208001 Kanpur Uttar Pradesh India Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31 March, 2023 including audited Balance Sheet as at 31 March, 2023 and the Statement of Profit and Loss Account for the year ended on that date together with the reports of the Board of Directors and the Auditors thereon; to appoint a Director in place of Mrs. Sonali Kejriwal, who retires by rotation at this Annual General Meeting and being eligible has offered herself for re-appointment; to re-appoint Mr. Arun Kejriwal as Managing Director of the Company for 3 years with effect from 30 September, 2022; and to discuss other matters. New Risk • Jul 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹2.9m free cash flow). Share price has been highly volatile over the past 3 months (9.0% average weekly change). Revenue is less than US$1m (₹2.2m revenue, or US$26k). Market cap is less than US$10m (₹49.4m market cap, or US$603.0k). Announcement • May 23
Vikalp Securities Limited to Report Q4, 2023 Results on May 30, 2023 Vikalp Securities Limited announced that they will report Q4, 2023 results at 3:30 PM, Indian Standard Time on May 30, 2023 Announcement • Feb 15
Vikalp Securities Limited Announces Executive Changes Vikalp Securities Limited announced that Mrs. Jyoti Rajput (ACS- 30603), Company Secretary of the Company, has resigned from the Company with effect from 14th February, 2023. The company also announced that in its board meeting held on 14 of February, 2023, appointed Mrs. Nida Khatoon (ACS- 70498) as Company Secretary of the Company who shall hold office with immediate effect. Mrs. Nida Khatoon (ACS- 70498) is a member of Institute of Company Secretaries of India. She can handle well the position of Company Secretary being qualified Company secretary and having good knowledge in the field. Announcement • Feb 04
Vikalp Securities Limited to Report Q3, 2023 Results on Feb 14, 2023 Vikalp Securities Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 14, 2023 Announcement • Sep 25
Vikalp Securities Limited Appoints Jayoti Rajput as Company Secretary Vikalp Securities Limited at it's boad meeting approved to appoint Mrs. Jayoti Rajput as company secretary with immediate effect. Appointed with effect from 20 September, 2022 for a term of 3 years subject to extension of term of appointment. Her office shall not liable to retire by rotation. Announcement • Sep 03
Vikalp Securities Limited, Annual General Meeting, Sep 29, 2022 Vikalp Securities Limited, Annual General Meeting, Sep 29, 2022, at 09:00 Indian Standard Time. Location: at the registered office of the Company at 25/38, Karachi Khana, Kanpur Uttar Pradesh India Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2022 including audited Balance Sheet as at 31st March, 2022 and the Statement of Profit and Loss Account for the year ended on that date together with the reports of the Board of Directors ("the Board") and the Auditors thereon; to consider and appoint a Director in place of Mrs. Sonali Kejriwal who retires by rotation at this Annual General Meeting and being eligible has offered herself for re-appointment; to consider and Appointment Gupta and Shah, Chartered Accountants, Kanpur (Firm Registration No.001416C) as Statutory Auditors of the Company and to fix their remuneration in this regard to consider and if thought fit, to pass, with or without modification(s), the following resolution as an Ordinary resolution; to consider and appoint Mr. Mohammad Faraz as an Independent Director; and to consider other matter also. Announcement • Aug 08
Vikalp Securities Limited to Report Q1, 2023 Results on Aug 13, 2022 Vikalp Securities Limited announced that they will report Q1, 2023 results on Aug 13, 2022 Announcement • May 24
Vikalp Securities Limited to Report Q4, 2022 Results on May 30, 2022 Vikalp Securities Limited announced that they will report Q4, 2022 results on May 30, 2022 Announcement • Feb 08
Vikalp Securities Limited Announces Management Changes Vikalp Securities Limited announced that the Board of Directors of the Company at its duly convened meeting held on 7 Feb. 2022. Take note of resignation of Mr. Vinay Kumar form the post of independent director and Nomination and Remuneration Audit Committee and Share Transfer Committee, due to his personal reasons and the appointment of Mr. Mohammad Faraz. Mohammad Faraz appointed in Nomination and Remuneration Committee, Audit Committee and Share Transfer Committee. Announcement • Jan 30
Vikalp Securities Limited to Report Q3, 2022 Results on Feb 07, 2022 Vikalp Securities Limited announced that they will report Q3, 2022 results on Feb 07, 2022 Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 15% share price gain to ₹3.04, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 16x in the Capital Markets industry in India. Is New 90 Day High Low • Mar 02
New 90-day low: ₹3.90 The company is down 29% from its price of ₹5.50 on 02 December 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 12% over the same period. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹4.10, the stock is trading at a trailing P/E ratio of 57.4x, down from the previous P/E ratio of 70x. This compares to an average P/E of 13x in the Capital Markets industry in India. Announcement • Feb 03
Vikalp Securities Limited to Report Q3, 2021 Results on Feb 11, 2021 Vikalp Securities Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Is New 90 Day High Low • Dec 23
New 90-day low: ₹4.16 The company is down 67% from its price of ₹12.77 on 23 September 2020. The Indian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 17% over the same period. Announcement • Aug 23
Vikalp Securities Limited to Report Q1, 2021 Results on Aug 28, 2020 Vikalp Securities Limited announced that they will report Q1, 2021 results on Aug 28, 2020 
