Submission of Revised Un Audited Financial Results for the quarter ended 31st December 2024
RESULTS
● No Immediate Change
HIGH RISK
📅 Filed on BSE: 04 Aug 2026, 06:58 PM IST · BSE ID: e55eab0b-38ed-42e0-96e3-ffedc936024a
View Original BSE Filing (PDF)
💡
In Simple Terms
The company refiled its December 2024 financial report only to correct an error in the auditor's letter, not the numbers.
🤖 AI Summary
- SecUR Credentials submitted revised unaudited financial results for the quarter ended December 31, 2024.
- The revision solely involved replacing the Limited Review Report; no changes were made to the Unaudited Financial Results.
- The company reported a Profit/(Loss) for the period of (215.97) Lakhs for the quarter ended December 31, 2024.
- Auditor's report highlights a loan amounting to X127.34 Lakhs granted to a Director, contravening Section 185 of Companies Act, 2013.
- Multiple other auditor observations include unverified GST, unconfirmed inventory, and unrecognised gratuity provision.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Profit/(Loss) for the quarter ended Dec 2024
(215.97) Lakhs
Revenue From Operations for the quarter ended Dec 2024
(87.49) Lakhs
Loan to a Director
X127.34 Lakhs
🏢 How This Affects the Company
The repeated auditor observations regarding non-compliance (e.g., Section 185 Companies Act, 2013, Ind AS 19) continue to highlight significant governance and financial reporting risks. The unaudited status of the financials means these issues remain unverified by a full audit.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this technical correction to the Limited Review Report.
👤
Who Is Affected
All shareholders are affected by the consistent reporting of material auditor qualifications, which indicate potential governance and financial statement integrity concerns within the company.
🔍
Management Signal
Management's refiling solely for the Limited Review Report indicates an effort to correct documentation, but the underlying qualified observations from the auditors remain unaddressed.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q4 FY25 financial results — check for improvements in auditor observations and compliance.
Annual audit report — verify resolution of Section 185 Companies Act and other compliance issues.
Updates on the company website status and availability of GST/PF/ESIC records for verification.
HIGH RISK
Multiple significant auditor qualifications, including non-compliance with Companies Act Section 185 and unverified financial data, indicate substantial risk.
💡 Investor Takeaway
SecUR Credentials submitted a revised Limited Review Report for Q3 FY25 without altering the financial results. The results show a Profit/(Loss) of (215.97) Lakhs for Dec 2024, with X127.34 Lakhs loan to a Director flagged by auditors.
⚖️ Strengths & Concerns
⚠️ Concerns
- Report highlights a loan of X127.34 Lakhs to a Director, contravening Section 185 of the Companies Act, 2013.
- Auditors were unable to verify GST records and found inventory not to exist during physical verification, indicating potential overstatement.
📅 Company Track Record
Previous filings for SecUR Credentials on April 17, 2026, also highlighted significant financial issues, including a 99.5% revenue collapse to Rs. 4.52 Lacs, a Rs. 382.61 Lacs loss, and a director loan of Rs. 116.11 Lacs violating Companies Act Section 185, with 17 audit qualifications. This filing maintains similar concerns.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was the purpose of the revised submission by SecUR Credentials?
The revised submission was solely to replace the Limited Review Report due to an inadvertent error. There was no change in the Unaudited Financial Results already submitted for the quarter ended December 31, 2024.
What was the Profit/(Loss) for SecUR Credentials for the quarter ended December 31, 2024?
SecUR Credentials reported a Profit/(Loss) for the period of (215.97) Lakhs for the quarter ended December 31, 2024.
Did the auditors note any non-compliance regarding loans to directors?
Yes, the auditors noted that the Company has granted a loan amounting to X127.34 Lakhs to a Director, which contravenes the provisions of Section 185 of the Companies Act, 2013.
Were there any issues with inventory verification in the latest filing?
Yes, the auditors stated that inventory disclosed did not exist during physical verification conducted in the current period, indicating a possible overstatement in prior periods.
Questions based on this BSE filing only. For information purposes.