SECURCREDNSESecUR Credentials LimitedHighNeutral
Announced Wed, 17 Dec, 2025 · 18:06 IST
FY24 results filed with qualified opinion; sharp revenue and profit decline
Qualified OpinionRevenue DeclinePat NegativeRelated Party TransactionsResults View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
The company filed delayed audited Q4 and FY24 results (stock suspended two years). Auditor S.D. Mehta issued a qualified opinion citing Rs 205.09 lakh unverified director advance (related party), Rs 599.70 lakh unadjusted property advance, Rs 331.26 lakh creditors booked as income, and a SEBI order on alleged fictitious deals. Revenue dropped to Rs 2,812.89 lakh from Rs 5,001.33 lakh. Net loss Rs 245.50 lakh vs prior profit Rs 778.58 lakh.
Likely market impact
Negative: qualified audit, revenue decline, swing to loss, securities suspended, SEBI probe on fictitious deals. High risk for shareholders.