Vintage Securities Limited, incorporated on July 18, 1994, is a publicly listed, small Non-Banking Finance Company (NBFC) engaged in financial services activities. The company operates in a highly competitive market dominated by larger firms, limiting its business scope. In FY 2019, the Reserve Bank of India (RBI) canceled its Certificate of Registration, affecting its going concern status. However, Vintage Securities applied to convert into a Core Investment Company, remaining under the RBI's regulatory framework. The company has assessed and evaluated the recoverability and carrying values of its assets, including property, equipment, and receivables. Despite its challenges, operations have resumed following government directives.
