Annual Secretaril Compliance Report for year ended March 31, 2025
Awaiting price reaction for this filing.
SecUR Credentials Ltd filed its Annual Secretarial Compliance Report for FY25, which highlights a very large number of regulatory non-compliances during the year. The company failed to file investor complaints statements, shareholding patterns, quarterly corporate governance reports, financial results, and related party transaction disclosures on time across multiple quarters (June 2024 through March 2025). It also did not pay annual listing fees to NSE and BSE on time and had unfilled vacancies for the Compliance Officer and CEO/MD/Manager positions beyond the 3-month deadline. SEBI issued an interim order dated June 13, 2024 restraining the company and its director Rahul Belwalkar from the securities market, followed by a confirmatory order on September 9, 2024 after the company failed to respond. Both NSE and BSE issued show cause notices after officials could not locate the company at its registered office in Goregaon, and the company had shifted offices without timely intimation to the exchanges. The company has acknowledged the lapses and stated it will take steps to ensure timely compliance going forward.
This is a deeply negative filing for shareholders. SEBI has barred the company and a director from the securities market, multiple show cause notices have been issued over registered office and listing fee defaults, and the sheer volume of missed deadlines points to serious governance and operational weakness. The stock faces elevated risk of further regulatory action, including possible delisting or continued trading suspension.