The Company in its meeting held on August 2, 2024, approved the Audited Financial Results and Statement for the quarter and year ended on 31st march 2024 along with Statement of Assets ....
Awaiting price reaction for this filing.
SecUR Credentials Limited submitted its audited financial results for FY24 (year ended 31 March 2024) with a delay of over a year, approved by the board on 2 August 2025. Revenue from operations fell sharply to Rs. 2,812.89 lakhs from Rs. 5,001.33 lakhs in FY23, a drop of about 44%. The company swung from a net profit of Rs. 778.58 lakhs in FY23 to a net loss of Rs. 245.50 lakhs in FY24, with EPS turning negative at Rs. (0.60). The statutory auditor issued a Qualified Opinion, flagging multiple concerns including Rs. 205.09 lakhs unexplained receivable from a director, Rs. 599.70 lakhs stuck as a property advance, Rs. 331.26 lakhs property payment wrongly booked as income, and a SEBI interim order on alleged fictitious transactions involving Varanium Cloud Ltd. The company's shares remain suspended on the exchanges due to non-payment of annual listing fees and roughly two years of missed SEBI compliance filings, while promoter shareholding has fallen to zero since March 2022.
This is a deeply negative filing for shareholders: a big revenue collapse, a swing to loss, a qualified audit opinion citing governance and documentation failures, an active SEBI investigation into related-party transactions, and a trading suspension with two years of compliance lapses. The stock remains effectively untradeable and existing investors face significant uncertainty on recovery of value until the company regularizes its filings and resolves the SEBI matter.