SECURCREDNSESecUR Credentials LimitedHighNeutral
Announced Wed, 17 Dec, 2025 · 17:12 IST
FY24 audited results with qualified opinion; sharp revenue drop and net loss
Qualified OpinionRevenue DeclinePat NegativeRelated Party TransactionsResults View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved FY24 audited results with a qualified auditor opinion. Revenue fell sharply to Rs. 2,812.89 lakhs from Rs. 5,001.33 lakhs, and the company swung to a Rs. 245.50 lakh net loss from a Rs. 778.58 lakh profit. Auditor flagged 12 issues including Rs. 205 lakh owed by a director, a Rs. 599 lakh stuck property advance, Rs. 331 lakh creditor amount booked as income, and a SEBI order on alleged fictitious deals. Shares are suspended with around two years of compliance filings pending.
Likely market impact
Qualified auditor opinion with multiple red flags. Shares already suspended. Severe compliance and governance concerns make this a high-risk stock.