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Vertex Securities Ltd. Audit Report / Information 2026
62765_rns_2026-05-11_81921ab6-5446-4e70-bf85-95a13e982356.pdf
Audit Report / Information
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VERTEX
VERTEX SECURITIES LIMITED
(A Subsidiary of Inanswarranty finance Limited)
Thottathil Towers, II Floor Market Road, Ernakulam, Kochi - 682013
Telephone : 0484 - 2384848 Website : www.vertexbroking.com
E-Mail : [email protected]
CIN - L67120KL1993PLC007349
May 11, 2026
Listing Department
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai - 400 001
Scrip Code: 531950
Dear Sir/Madam,
Sub: Outcome of Board Meeting held on Monday, May 11, 2026
Ref: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")
Pursuant to the provisions of Listing Regulations, it is hereby informed that the Board of Directors of Vertex Securities Limited ("the Company") at its meeting held today i.e. May 11, 2026 has, inter-alia:
-
Considered and approved the Audited (Standalone and Consolidated) Financial Results of the Company for the quarter and financial year ended March 31, 2026. The copy of the said results along with the Auditor's Report is attached herewith as Annexure I.
-
Considered and approved the appointment of Mr. Chrison Joseph, Junior Research Analyst as the Principal Officer under the SEBI (Research Analysts) Regulations, 2014 of the Company with effect from June 01, 2026, details attached herewith as Annexure II, in place of Mr. Jerome Joseph, Associate Vice President – Business Development who superannuates effective May 31, 2026.
Further, the detailed disclosure as required under Regulation 30 of the Listing Regulations read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 for the aforementioned matters are provided in Annexures attached.
The meeting of the Board of Directors commenced at 11:30 a.m. and concluded at 5:00 p.m.
We request you to kindly take the same on record.
Thanking You,
Yours faithfully,
For Vertex Securities Limited
VENKITESH IYER
Digitally signed by VENKITESH IYER
Date: 2026.05.11 19:14:19 +05'30'
Venkitesh Iyer
Company Secretary & Compliance Officer
ACS: A77011
STOCK / SHARES: DEMAT SERVICES / INVESTMENT CELL
MEMBER NATIONAL STOCK EXCHANGE: BOMBAY STOCK EXCHANGE: MOX. DEPOSITORY PARTICIPANTS: NBDL
VERTEX SECURITIES LIMITED
(Clri L67120KLY993PLC007349)
Regd. Office: 2nd floor, Thettrithil Towers, Market Road, Emakulam, Kochi - 682018.
Tel No. 0484-2384848, Fax No. 0484-2394205, Email. [email protected], Web Site www.vertexbroking.com
STATEMENT OF STANDALONE / CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2026
(Rs. In Lakhs)
| PARTICULARS | STANDALONE | CONSOLIDATED | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 3 Months Ended | Year Ended | 3 Months Ended | Year Ended | |||||||
| 31.03.2026 | 31.12.2025 | 31.03.2025 | 31.03.2026 | 31.03.2025 | 31.03.2026 | 31.12.2025 | 31.03.2025 | 31.03.2026 | 31.03.2025 | |
| Audited | Unaudited | Audited | Audited | Audited | Audited | Unaudited | Audited | Audited | Audited | |
| Income | ||||||||||
| Revenue From Operations | ||||||||||
| Fees and Commission | 156.20 | 335.09 | 127.96 | 632.15 | 739.29 | 156.20 | 155.09 | 127.96 | 632.15 | 739.29 |
| Income from Depository Participant Operations | -0.58 | 12.03 | 6.76 | 27.13 | 53.76 | -0.58 | 12.03 | 6.76 | 27.13 | 53.76 |
| Interest income | (11.41) | 15.35 | 0.30 | 30.08 | 43.46 | (39.78) | 24.87 | 9.61 | 30.08 | 43.46 |
| Net gain on fair value changes | - | 0.14 | 0.17 | 0.39 | 0.69 | - | 0.14 | 0.42 | 0.39 | 0.69 |
| Other income | 15.06 | 4.27 | 15.65 | 40.42 | 26.97 | 72.50 | 4.27 | 17.41 | 97.85 | 73.75 |
| Total Income | 154.27 | 186.86 | 138.84 | 730.17 | 864.17 | 183.34 | 196.38 | 162.15 | 787.60 | 910.95 |
| EXPENSES | ||||||||||
| Employee Benefits Expenses | 83.36 | 81.40 | 73.03 | 326.69 | 311.90 | 83.36 | 81.40 | 73.03 | 326.69 | 313.04 |
| Finance Costs | 7.33 | 9.12 | 7.95 | 36.15 | 42.48 | 7.33 | 9.12 | 7.95 | 36.15 | 42.47 |
| Fees and Commission Expenses | 99.28 | 71.93 | 52.62 | 299.50 | 304.55 | 99.28 | 71.93 | 52.62 | 299.50 | 304.55 |
| Depreciation, amortization and impairment | 4.50 | 7.24 | 6.71 | 25.36 | 26.21 | 4.61 | 7.32 | 6.82 | 25.85 | 26.65 |
| Impairment on financial instrument | (0.41) | 0.42 | 0.37 | 0.00 | 0.90 | (0.47) | 0.42 | 0.37 | 0.00 | 0.90 |
| Other Expenses | 86.27 | 60.52 | 53.92 | 264.80 | 252.99 | 135.12 | 66.70 | 75.35 | 335.99 | 293.52 |
| Total Expenses | 280.33 | 230.63 | 196.60 | 952.49 | 939.03 | 329.24 | 236.89 | 216.14 | 1,024.17 | 981.13 |
| Profit / (Loss) Before Exceptional items and Tax | (126.06) | (43.77) | (45.76) | (222.32) | (74.80) | (145.90) | (40.51) | (53.99) | (236.57) | (70.18) |
| Exceptional Items | ||||||||||
| Profit / (Loss) Before Tax | (126.06) | (43.77) | (45.76) | (222.32) | (74.86) | (145.90) | (40.51) | (53.99) | (236.57) | (70.18) |
| Tax Expense | ||||||||||
| Current Tax | - | - | - | - | - | (1.45) | 0.85 | - | - | - |
| Deferred Tax | - | - | - | - | - | - | - | - | - | - |
| Excess Provision of Tax for earlier years | ||||||||||
| Net Profit/(Loss) for the period from continuing operations | (126.06) | (43.77) | (45.76) | (222.32) | (74.85) | (144.45) | (41.36) | (53.99) | (236.57) | (70.18) |
| Profit / (Loss) from Discontinued Operations before Tax | - | - | - | - | - | - | - | - | - | - |
| Tax Expense of Discontinued Operations | - | - | - | - | - | - | - | - | - | - |
| Net Profit/(Loss) from Discontinued Operations After Tax | - | - | - | - | - | - | - | - | - | - |
| Total Profit / (Loss) for period | (126.06) | (43.77) | (45.76) | (222.32) | (74.86) | (144.45) | (41.36) | (53.99) | (236.57) | (70.18) |
| Other Comprehensive Income/(Expenses) | ||||||||||
| -Total Amount of items that will not be reclassified to profit and loss | 4.84 | - | (2.41) | 4.84 | (2.41) | 4.84 | - | (2.41) | 4.84 | (2.41) |
| Remeasurment of the net defined benefit obligation gain / (loss) | 4.99 | - | (2.41) | 4.99 | (2.41) | 4.99 | - | (2.41) | 4.99 | (2.41) |
| Fair valuation on Equity instrument | (0.15) | - | - | (0.15) | - | (0.15) | - | - | (0.15) | - |
| -Income tax relating to items that will not be reclassified to profit or loss | - | - | - | - | - | - | - | - | - | - |
| -Amount of items that will be reclassified to profit and loss | - | - | - | - | - | - | - | - | - | - |
| -Income tax relating to items that will be reclassified to profit or loss | - | - | - | - | - | - | - | - | - | - |
| Total Comprehensive Income | (121.22) | (43.77) | (48.17) | (217.48) | (77.27) | (139.61) | (41.36) | (56.40) | (231.73) | (72.59) |
| Profit / (Loss) attributable to: | ||||||||||
| - Owner of the Company | (126.06) | (43.77) | (45.76) | (222.32) | (74.86) | (144.45) | (41.36) | (53.99) | (236.57) | (70.18) |
| - Non-controlling interest | - | - | - | - | - | - | - | - | - | - |
| Profit / (Loss) for the period / year | (126.06) | (43.77) | (45.76) | (222.32) | (74.86) | (144.45) | (41.36) | (53.99) | (236.57) | (70.18) |
| Total comprehensive income attributable to: | ||||||||||
| - Owner of the Company | (121.22) | (43.77) | (48.17) | (217.48) | (77.27) | (139.61) | (41.36) | (56.40) | (231.73) | (72.59) |
| - Non-controlling interest | - | - | - | - | - | - | - | - | - | - |
| Total comprehensive income | (121.22) | (43.77) | (48.17) | (217.48) | (77.27) | (139.61) | (41.36) | (56.40) | (231.73) | (72.59) |
| F-ald-up equity share capital (Rs.2 each) | 1,850.30 | 1,480.24 | 1,480.24 | 1,850.30 | 1,480.24 | 1,850.30 | 1,480.24 | 1,480.24 | 1,850.30 | 1,480.24 |
| Rates Earning Per Share of Rs.2/ each (in Rupees) | (0.16) | (0.05) | (0.01) | (0.29) | (0.10) | (0.19) | (0.06) | (0.08) | (0.31) | (0.10) |
| Rates Earning Per Share of Rs.2/ each (in Rupees) | (0.16) | (0.05) | (0.01) | (0.29) | (0.10) | (0.19) | (0.06) | (0.08) | (0.31) | (0.10) |
-
The above audited financial results were reviewed by the members of the Audit Committee and were approved and taken on record by the Board of Directors at their meeting held on 11th May, 2025.
-
The Statutory auditors have carried out an Audit of the financials results as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and have issued an unmodified opinion thereon.
-
The above financial results have been prepared in accordance with the recognition and measurement principles of Ind AS prescribed under Section 133 of the Companies Act, 2013 read with relevant Rules issued there under and other accounting principles generally accepted in India and the guidelines issued by SEBI.
-
Figures for the quarter ended 31 March 2026 and 31 March 2025 are the balancing figures between audited figures in respect of full financial year and the published year to date unaudited figures up to the third quarter of the respective financial years.
-
In line with the requirements of regulation 47(2) of the listing Regulations, 2015, the results for the quarter and period ended 31st March, 2026 are available on the website of BSE Limited (URL: www.bseindia.com/corporates) and on the company's website www.vertexbroking.com.
-
Figures have been regrouped and rearranged wherever necessary.
Place : Kochi
Date : 11.05.2026
Ramachandran Unnikrishnan
Managing Director
DIN No. 00493707
SECRET SECURITY 55100
VERTEX SECURITIES LIMITED
(CIN - L67120KL1993PLC007349)
Regd. Office: 2nd floor, Thattathil Towers, Market Road, Emakulam, Kocni - 682018.
Tel No. 0484-2384848, Fax No. 0484-2394209, Email. [email protected], Web Site www.vertexbreking.com
AUDITED STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH, 2026
| Particulars | STANDALONE | STANDALONE | CONSOLIDATED | CONSOLIDATED | |
|---|---|---|---|---|---|
| As at 31.03.2026 | As at 31.03.2025 | As at 31.03.2026 | As at 31.03.2025 | ||
| Rs. In Lakhs | Rs. In Lakhs | Rs. In Lakhs | Rs. In Lakhs | ||
| Assets | Audited | Audited | Audited | Audited | |
| 1 | Financial Asset | ||||
| (a) | Cash and cash equivalents | 421.47 | 142.27 | 427.49 | 147.16 |
| (b) | Bank Balance other than (a) above | 596.75 | 591.75 | 596.75 | 591.75 |
| (c) | Receivables | ||||
| (i) Trade Receivables | 313.98 | 454.64 | 313.98 | 509.14 | |
| (ii) Other Receivables | - | - | - | - | |
| (d) | Lunch | - | - | 341.50 | 341.50 |
| (e) | Investments | 239.03 | 239.18 | 2.87 | 3.02 |
| (f) | Other Financial assets | 1,509.39 | 1,616.52 | 1,617.53 | 1,712.02 |
| 3,000.62 | 3,044.36 | 3,300.12 | 3,304.59 | ||
| 2 | Non-Financial Asset | ||||
| (a) | Current tax assets (Net) | 28.69 | 31.19 | 40.56 | 41.65 |
| (b) | Deferred tax Assets (Net) | - | 6.00 | - | 6.93 |
| (c) | Property, Plant and Equipment | 39.51 | 36.67 | 40.65 | 38.30 |
| (d) | Gonded on Consolidation | - | - | 81.60 | 81.60 |
| (e) | Other incumbe assets | 7.42 | 8.66 | 7.42 | 8.66 |
| (f) | Right of Use Assets | 35.19 | 1.06 | 35.20 | 1.06 |
| (g) | Other non-financial assets | 84.69 | 105.40 | 91.07 | 111.68 |
| 195.50 | 198.98 | 296.50 | 289.88 | ||
| Total assets | 3,276.12 | 3,333.34 | 3,596.62 | 3,594.47 | |
| Equity and liabilities | |||||
| 1 | Liabilities | ||||
| (a) | Financial Liabilities | ||||
| (a) | Payables | ||||
| (i) Trade Payables | - | - | - | - | |
| (i) total outstanding dues of micro enterprises and small enterprises | - | - | - | - | |
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 1,721.40 | 1,867.37 | 1,749.93 | 1,904.51 | |
| (ii) Other Payables | - | - | - | - | |
| (i) total outstanding dues of micro enterprises and small enterprises | - | - | - | - | |
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | - | - | 0.23 | 0.35 | |
| (b) | Borrowings (Other than Debt Securities) | 359.08 | 340.28 | 359.08 | 340.28 |
| (c) | Subordinated liabilities | - | - | 200.00 | 200.00 |
| (d) | Lease Liability | 38.68 | 1.21 | 38.68 | 1.21 |
| (e) | Other financial liabilities | 21.85 | 31.97 | 43.14 | 75.09 |
| 2,141.01 | 2,240.83 | 2,391.06 | 2,517.24 | ||
| 1,2 | Non-Financial Liabilities | ||||
| (a) | Current tax liabilities (Net) | ||||
| (b) | Provisions | 20.46 | 22.61 | 20.46 | 22.61 |
| (c) | Deferred tax liabilities (Net) | - | - | - | - |
| (d) | Other non-financial liabilities | 22.13 | 23.95 | 22.15 | 24.00 |
| 42.59 | 46.56 | 42.61 | 46.61 | ||
| Total liabilities | 2,183.60 | 2,287.39 | 2,433.67 | 2,563.85 | |
| 3 | Equity | ||||
| Equity attributable to owners of parent Company | |||||
| Equity share capital | 1,850.30 | 1,480.24 | 1,850.30 | 1,480.24 | |
| Minority interest | - | - | 150.00 | 150.00 | |
| Other equity | (757.70) | (534.29) | (837.35) | (599.62) | |
| Total equity attributable to owners of parent Company | 1,092.52 | 945.95 | 1,162.95 | 1,030.62 | |
| Non cor brolling interest | - | - | - | - | |
| Total equity | 1,092.52 | 945.95 | 1,162.95 | 1,030.62 | |
| Total equity and liabilities | 3,276.12 | 3,233.34 | 3,596.62 | 3,594.47 |
For Vertex Securities Ltd.
Place : Kochi
Date : 11.05.2026
Ramachandran Unnikrishnan
Managing Director
DIN -00493707
EMES SECURITIES LTD
VERTEX SECURITIES LIMITED
(CIN . L67120KL1993PLC007349)
Regd. Office: 2nd floor, Thottathil Towers, Market Road, Ernakulam, Kochi - 68201.
Tel No. 0484-2384648, Fax No. 0484-2394209, Email. [email protected], Web Site www.vertexbroking.com
Stand Alone Cash Flow Statement for the year ended 31st March, 2026
| Particulars | | For the year ended
31st March, 2026
(Audited) | For the year ended
31st March, 2025
(Audited) |
| --- | --- | --- | --- |
| | | Rs. In Lakh | Rs. In Lakh |
| I. Cash Flows from Operating Activities: | | | |
| | Fort Profit Before Tax and Extraordinary Items | (212.33) | (74.80) |
| | Adjustments for: | | |
| | Reversal of rent expense on lease liability | (4.93) | (15.28) |
| | Depreciation | 25.37 | 26.21 |
| | Baddiebt Written off | 0.04 | 0.35 |
| | Remeasurement of the net defined benefit obligation gain / (loss) | 5.00 | (2.41) |
| | Interest Income | (32.32) | (43.46) |
| | Impairment Allowance | 0.08 | 0.89 |
| | Interest Expense | 36.15 | 42.47 |
| | Adjustments for Changes in Working Capital | | |
| | (Increase) / Decrease in Trade Receivables | 140.54 | (62.06) |
| | Increase / (Decrease) in Trade & Other Payables | (145.97) | (319.42) |
| | (Increase)/decrease in other financial assets | 95.78 | 486.47 |
| | (Increase)/decrease in other non-financial assets | 20.71 | (11.61) |
| | Adjustments for other bank balances | | |
| | Increase / (Decrease) in other financial Liabilities | (10.12) | (41.07) |
| | Increase/(decrease) in provisions | (2.15) | 6.41 |
| | Increase / (Decrease) in non-financial Liabilities | 35.64 | (14.39) |
| | Income tax paid (net of refunds) | 2.49 | (5.38) |
| | Net Cash Flows from Operating Activities | (56.02) | (27.14) |
| II. Cash Flows from Investing Activities: | | | |
| | (Purchase)/ Sale of Fixed Deposits | (5.00) | (0.50) |
| | Loans - (Given)/ Received back | - | - |
| | (Increase)/decrease in Deposit | - | - |
| | Cash inflow from interest on loans | 43.67 | 43.78 |
| | Purchase of Property Plant and Equipment | (14.89) | (4.10) |
| | Purchase of Intangible Asset | - | - |
| | Addition of Right to Use Asset | (47.27) | - |
| | Deletion of Right to Use Asset | 1.06 | - |
| | Sale of Investment | - | - |
| | Net Cash Flows from Investing Activities | (22.43) | 39.18 |
| III. Cash Flows from Financing Activities: | | | |
| | Borrowings other than debt securities issued/ (Redeemed) (net) | 18.80 | 52.34 |
| | Net Proceeds from Right issue of Equity Shares | 370.06 | - |
| | Repayment of Subordinated Liabilities | - | - |
| | Finance cost paid | (31.22) | (41.39) |
| | Net Cash Flows from Financing Activities | 357.64 | 10.95 |
| Net Increase or (Decrease) in Cash and Cash Equivalents (I + II + III) | | 279.19 | 22.99 |
| | Add Cash and Cash Equivalents at Beginning of the year | 142.27 | 119.28 |
| Cash and Cash Equivalents at End of the Year | | 421.46 | 142.27 |
| | Note: | | |
| | Cash and Cash Equivalents | | |
| | - Cash in Hand | 1.95 | 1.97 |
| | - Balances with Banks | | |
| | - In Current Accounts | 419.51 | 140.30 |
| | Total | 421.46 | 142.27 |
For Vertex Securities Ltd.
Place : Kochi
Date : 11.05.2026
Ramachandran Unnikrishnan
Managing Director
DIN -00493707
VERTEX SECURITIES LIMITED
(CIN - L67120KL1993PLC00734)
Regd. Office: 2nd floor, Thottathil Towers, Market Road, Ernakulam, Kochi - 682018.
Tel No. 0484-2384848, Fax No. 0484-2394209, Email. [email protected], Web Site.www.vertexbroking.com
Consolidated Cash Flow Statement for the year ended 31st March, 2026
| Particulars | For the year ended 31st March, 2026 | For the year ended 31st March, 2025 | |
|---|---|---|---|
| (Audited) | (Audited) | ||
| Rs. In Lakhs | Rs. In Lakhs | ||
| I. | Cash Flows from Operating Activities: | ||
| Net Profit Before Tax and Extraordinary Items | (236.57) | (70.19) | |
| Adjustments to reconcile profit before tax to net cash flows: | |||
| Adjustments for impairment loss reversal of impairment loss recognised in | (4.93) | (15.28) | |
| Adjustments for depreciation and amortisation expense | 25.85 | 26.65 | |
| Remeasurement of the net defined benefit obligation gain / (loss) | 5.00 | (2.41) | |
| Adjustments for interest income | (70.09) | (81.30) | |
| (Increase) / Decrease in Deferred Tax Asset | 0.93 | - | |
| Bad debts written off | 47.95 | 0.35 | |
| Impairment Allowance | 0.06 | 0.90 | |
| Adjustments for finance costs | 36.15 | 42.47 | |
| Adjustments for Changes in Working Capital: | |||
| (Increase) / Decrease in Trade Receivables | 147.12 | (61.80) | |
| Increase / (Decrease) in Trade & Other Payables | (154.69) | (326.72) | |
| (Increase)/decrease in other financial assets | 116.95 | 488.89 | |
| (Increase)/decrease in other non-financial assets | 20.62 | (12.41) | |
| Adjustments for other bank balances | |||
| Increase / (Decrease) in other financial Liabilities | (27.75) | (16.45) | |
| Increase/(decrease) in provisions | (2.15) | 4.65 | |
| Increase / (Decrease) in non- financial Liabilities | 35.62 | (14.57) | |
| Income tax paid (net of refunds) | 1.09 | (6.44) | |
| Net Cash Flows from Operating Activities | (58.82) | (43.67) | |
| II. | Cash Flows from Investing Activities: | ||
| Interest Income | (5.00) | (0.50) | |
| (Increase)/decrease in Deposit | - | - | |
| (Increase)/decrease in loans | 47.63 | 47.60 | |
| Cash inflow from interest on loans | - | - | |
| Purchase of Property Plant and Equipment | (14.89) | (4.10) | |
| Purchase of Intangible Asset | - | - | |
| Addition of Right to Use Asset | (47.27) | - | |
| Deletion of Right to Use Asset | 1.06 | - | |
| Sale of Investments | - | - | |
| Net Cash Flows from Investing Activities | (18.47) | 43.00 | |
| III. | Cash Flows from Financing Activities: | ||
| Borrowings other than debt securities issued/ (Redeemed) (net) | 18.80 | 52.34 | |
| Net Proceeds from Right issue of Equity Shares | 370.06 | - | |
| Finance cost paid | (31.23) | (41.39) | |
| Net Cash Flows from Financing Activities | 357.63 | 10.95 | |
| Net Increase or (Decrease) in Cash and Cash Equivalents (I + II + III) | 280.34 | 10.28 | |
| - Add: Cash and Cash Equivalents at Beginning of the year | 147.15 | 136.87 | |
| Cash and Cash Equivalents at End of the Year | 427.49 | 147.15 | |
| Note: | |||
| Cash and Cash Equivalents | |||
| - Cash in Hand | 1.95 | 1.98 | |
| - Balances with Banks | |||
| - In Current Accounts | 425.54 | 145.18 | |
| Total | 427.49 | 147.16 |
For Vertex Securities Ltd.
Place : Kochi
Date : 11.05.2026
Ramesh Andran Unnikrishnan
Managing Director
DIN - 00452707
CA
DEOKI BIJAY & CO. Chartered Accountants
Flat No. N03, 'B' Wing
10 Laxmi Enclave
Shahje Raje Marg
Kaldongri Ville Parle (East)
Mumbai - 400057
+91 9748055206
[email protected]
www.dbcca.co.in
Independent Auditor's Report on the audit of Quarterly and Year to date Standalone Financial Results of Vertex Securities Limited pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended
To the Board of Directors of
Vertex Securities Limited
Report on the Audit of the Standalone Financial Results
Opinion
-
We have audited the accompanying financial results of quarterly and year to date standalone financial results of Vertex Securities Limited (“the Company”) for the quarter and year ended March 31, 2026 (“the Statement”), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).
-
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
i. is presented in accordance with the requirement of Regulation 33 of the Listing Regulations in this regard; and
ii. gives a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of the net loss and other comprehensive income and other financial information for the quarter and year ended March 31, 2026.
Basis for Opinion
- We conducted our audit in accordance with the Standards on Auditing (SAs), as specified under section 143(10) of the Companies Act, 2013, as amended (“the Act”). Our responsibilities under those Standards are further described in the ‘Auditor’s Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the Statement under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Management’s responsibilities for the Standalone Financial Results
- The Statement has been prepared on the basis of audited standalone annual financial statements of the Company. The Company’s Board of Directors is responsible for the preparation and presentation of the Statement that gives a true and fair view of the net loss including other comprehensive income of the Company and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with the rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and other applicable provisions of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and
SEBI BIJAY & CO. MUMBAI
CA
DEOKI BIJAY & CO. Chartered Accountants
Flat No. 803, 'B' Wing
10 Laxmi Enclave
Shahje Raje Marg
Koldongri Ville Parle (East)
Mumbai - 400057
+91 9748055206
[email protected]
www.dbcca.co.in
detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that gives a true and fair view and are free from material misstatement, whether due to fraud or error.
-
In preparing the Statement, the Board of Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
-
The Board of Directors are also responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Standalone Financial Results
-
Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.
-
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
i. Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
ii. Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
iii. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Board of Directors.
iv. Conclude on the appropriateness of Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s
M
CA
DEOKI BIJAY & CO. Chartered Accountants
Flat No. 603, 'B' Wing
10 Laxmi Enclave
Shahje Raje Marg
Koldongri Ville Parle (East)
Mumbai - 400057
+91 9748055206
[email protected]
www.dbcca.co.in
report. However, future events or conditions may cause the Company to cease to continue as a going concern and
v. Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
-
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
-
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
- The Statement includes the results for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the end of the third quarter of the current financial year which were subject to limited review by us, as required under the Listing Regulations.
Our conclusion is not modified in respect of the above matter.
For Deoki Bijay & Co
Chartered Accountants
ICAI FRN: 313105E
CA Sushil Kumar Agrawal
Partner
ICAI membership No: 059051
Place:- Mumbai
Date:- May 11, 2026
ICAI UDIN:- 26059051GMYZLS4347
CA
DEOKI BIJAY & CO. Chartered Accountants
Flat No. 803, 'B' Wing
10 Laxmi Enclave
Shahje Raje Marg
Koldongri Vile Parle (East)
Mumbai - 400057
+91 9748055206
[email protected]
www.dbcca.co.in
Independent Auditor's Report on the audit of Quarterly and Year to date Consolidated Financial Results of Vertex Securities Limited pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended
To the Board of Directors of
Vertex Securities Limited
Report on the Audit of the Consolidated Financial Results
Opinion
-
We have audited the accompanying consolidated financial results of Vertex Securities Limited (hereinafter referred to as “the Holding Company”) and its subsidiary (the Holding Company and its subsidiary together referred to as “the Group”), for the quarter and year ended March 31, 2026 (“the Statement”), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).
-
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
i. includes the financial result of Vertex Commodities and Finpro Private Limited (a subsidiary)
ii. is presented in accordance with the requirement of Regulation 33 of the Listing Regulations in this regard; and
iii. gives a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of the consolidated net loss and other comprehensive income and other financial information for the quarter and year ended March 31, 2026.
Basis for Opinion
- We conducted our audit in accordance with the Standards on Auditing (SAs), as specified under section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those Standards are further described in the ‘Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Management’s responsibilities for the Consolidated Financial Results
- The consolidated financial results which is the responsibility of the Holding Company’s Board of Director’s has been prepared on the basis of consolidated annual financial statement. The Holding Company’s Board of Directors are responsible for the preparation and presentation of the Statement that gives a true and fair view of consolidated net loss and other comprehensive income,
MUMBAI
CA
DEOKI BIJAY & CO. Chartered Accountants
Flat No. 803, 'B' Wing
10 Laxmi Enclave
Shahje Raje Marg
Koldongri Vile Parle (East)
Mumbai - 400057
+91 9748055206
[email protected]
www.dbcca.co.in
and other financial information of the Group in accordance with the accounting principles generally accepted in India, including the IND- AS prescribed under section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in Compliance with Regulation 33 of the Listing Regulations. The Holding Company’s Board of Directors are also responsible for ensuring accuracy of records including financial information considered necessary for the preparation of the consolidated financial results. Further, in terms of the provision of the Act, the respective Board of Directors/management of the companies included in the Group, are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act, for safeguarding of the assets of their respective companies and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgement and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of financial results, that gives a true and fair view and are free from material misstatement, whether due to fraud or error. These financial results have been used for the purpose of preparation of the consolidated financial results by the Directors of the Holding Company, as aforesaid.
-
In preparing the Statement, the respective Board of Directors of the Companies included in the Group are responsible for assessing the ability of their respective companies to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective companies or to cease operations, or has no realistic alternative but to do so.
-
The Board of Directors of the companies included in the Group are also responsible for overseeing the financial reporting process of their respective Companies.
Auditor’s Responsibilities for the Audit of the Consolidated Financial Results
-
Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.
-
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
i. Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
ii. Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i)
M
CA
DEOKI BIJAY & CO. Chartered Accountants
Flat No. 803, 'B' Wing
10 Laxmi Enclave
Shahje Raje Marg
Koldongri Vile Parle (East)
Mumbai - 400057
+91 9748055206
[email protected]
www.dbcca.co.in
of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
iii. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Board of Directors.
iv. Conclude on the appropriateness of Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern.
v. Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
vi. Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group to express an opinion on the consolidated financial results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement of which we are the independent auditors.
-
We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors; regarding among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
-
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
-
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
CA
DEOKI BIJAY & CO. Chartered Accountants
Flat No. 803, 'B' Wing
10 Laxmi Enclave
Shahje Raje Marg
Koldongri Vile Parle (East)
Mumbai - 400057
+91 9748055206
[email protected]
www.dbcca.co.in
Other Matters
- The Statement includes the results for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the end of the third quarter of the current financial year which were subject to limited review by us, as required under the Listing Regulations.
Our opinion is not modified in respect of the above matter.
For Deoki Bijay & Co
Chartered Accountants
ICAI FRN: 313105E
Sushil K. Agrawal
CA Sushil Kumar Agrawal
Partner
ICAI membership No: 059051
Place:- Mumbai
Date:- May 11, 2026
ICAI UDIN:- 26059051RTJMCZ2792
VERTEX
VERTEX SECURITIES LIMITED
An Encomery of Interagency Network Limited
Thottathil Towers, II Floor Market Road, Ernakulam, Kochi - 500 011
Telephone: 0484 - 2384848 Website: www.vertexbroking.com
E-Mail: [email protected]
CIN - L67120KL1993PLC007349
May 11, 2026
Listing Department
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai - 400 001
Scrip Code: 531950
Dear Sir/Madam,
Subject: Declaration in terms of Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")
Pursuant to Regulation 33(3)(d) of the Listing Regulations, We declare that Deoki Bijay and Co., Statutory Auditors of the Company, have submitted the Audit Reports with unmodified opinion(s), for Annual Audited Financial Results (Standalone and Consolidated) for the financial year ended March 31, 2026.
We request you to kindly take the same on record.
Thanking You,
Yours faithfully,
For Vertex Securities Limited
Mr. Ramachandran Unnikrishnan
Managing Director
DIN: 00493707
STOCK / SHARES: DEMAT SERVICES / INVESTMENT CELL
MEMBER NATIONAL STOCK EXCHANGE: BOMBAY STOCK EXCHANGE: MCX DEPOSITORY PARTICIPANTS
VERTEX
VERTEX SECURITIES LIMITED
(A Subsidiary of transwarranty finance Limited)
Thottathil Towers, II Floor Market Road, Ernakulam, Kochi - 682011
Telephone: 0484-2384848 Website: www.vertexbroking.com
E-Mail: [email protected]
CIN: 1993PLC007349
ANNEXURE II
| Sr. No. | Particulars | Senior Management Personnel |
|---|---|---|
| 1. | Reason for change viz. appointment, resignation, removal, death or otherwise | Appointment of Principal Officer under SEBI (Research Analysts) Regulations, 2014 |
| 2. | Date of appointment / cessation (as applicable) & term of appointment | June 01, 2026 |
| 3. | Brief profile (in case of appointment) | Mr. Chrison Joseph is a BBA graduate from Christ University, completed the ACCA qualification and holds the NISM Research Analyst Certification. He is currently pursuing the CFA Program to further strengthen his investment research and analytical capabilities. |
| Mr. Joseph possesses experience in equity research, technical analysis, market research communication, and derivatives and commodity market participation. | ||
| Mr. Joseph has a keen interest in capital markets, derivatives, and price action analysis, with a focus on leveraging technical analysis and market behaviour to identify trading opportunities and support informed investment decisions. | ||
| 4. | Disclosure of relationships between directors (in case of appointment of a director) | Not Applicable |
STOCK / SHARES: DEMAT SERVICES / INVESTMENT CELL
MEMBER: NATIONAL STOCK EXCHANGE, ROMBAY STOCK EXCHANGE, MOX DEPOSITORY PARTICIPANT