Please find enclosed results
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 05 Aug 2026, 09:03 PM IST · BSE ID: 80f05a0d-11f3-44f6-84ab-63a0e7eccb75
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's full-year results were approved by its board, but auditors found 11 significant problems with the accounts.
🤖 AI Summary
- Board approved audited financial results for Q4 and full financial year ended March 31, 2025.
- Auditors issued a qualified opinion on the financial results, highlighting 11 specific issues.
- Concerns include an unverified Rs. 116.12 Lakhs debit balance in a director’s ledger account.
- The company approved the 24th Annual General Meeting notice and the Director's Report for FY25.
- Registered office will shift from Goregaon East to Deonar Kurla, Mumbai, effective August 5, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Director's Ledger Account Debit Balance
Rs. 116.12 Lakhs
Advance Payment for Immovable Property
Rs. 559.70 lakhs
🏢 How This Affects the Company
The qualified audit opinion for FY25, citing 11 specific issues, indicates potential concerns regarding the reliability and completeness of the financial statements, impacting external financial assessments.
The company is shifting its registered office within Mumbai, effective August 5, 2026, which may involve minor administrative changes.
The 11 audit qualifications, especially the unverified Rs. 116.12 Lakhs director balance and unbilled revenue, significantly increase financial reporting and compliance risks. Non-compliance with Ind AS and Companies Act, 2013, sections raises regulatory scrutiny risks.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are not required to take immediate action based on this specific filing.
👤
Who Is Affected
All shareholders are affected as the company's audited financial results for FY25 received 11 audit qualifications, potentially impacting the perceived transparency and reliability of financial reporting. The forthcoming 24th AGM notice will be dispatched in due course.
🔍
Management Signal
Management approved financial results despite significant audit qualifications, indicating a need to address the auditor's concerns and strengthen internal financial controls and documentation practices.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Review details of the 24th Annual General Meeting when the notice is dispatched.
Monitor future filings for resolution of the 11 audit qualifications in subsequent financial reports.
Observe future financial statements for improved compliance with Ind AS and Companies Act, 2013.
HIGH RISK
Multiple audit qualifications, unverified balances, and non-compliance with accounting standards signify significant financial reporting risks.
💡 Investor Takeaway
SecUR Credentials' audited financial results for FY25 received a qualified opinion with 11 audit observations, including an unverified Rs. 116.12 Lakhs director receivable and unbilled revenue. Compliance with Ind AS 109 and Section 188 of the Companies Act, 2013, also flagged.
⚖️ Strengths & Concerns
⚠️ Concerns
- Auditors issued a qualified opinion on the FY25 results due to 11 specific unverified or non-compliant items in the financial statements.
- A debit balance of Rs. 116.12 Lakhs in a director's ledger account lacks supporting documentation, raising recoverability concerns.
📅 Company Track Record
SecUR Credentials' recent filings indicate ongoing financial reporting challenges. In August 2026, Q3 FY25 results flagged a director loan of Rs. 127.34 Lakhs. Earlier, in April 2026, Q1 FY25 revenue collapsed 99.5% to Rs. 4.52 Lacs, with a Rs. 382.61 Lacs loss, and a director loan of Rs. 116.11 Lacs violated Section 185 of the Companies Act.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What were the key issues in SecUR Credentials' FY25 audited financial results?
The auditors issued a qualified opinion for FY25 due to 11 specific issues, including an unverified debit balance of Rs. 116.12 Lakhs in a director's ledger account and unbilled revenue with no invoices raised.
What is the status of the director's ledger account mentioned in the audit report?
The audit report highlights a debit balance of Rs. 116.12 Lakhs in a director's ledger account, representing an amount receivable from the director, with an absence of supporting documentation for verification.
What significant advance payment was flagged in SecUR Credentials' audit report?
The audit report noted an advance payment of Rs. 559.70 lakhs for an immovable property that has been an opening balance for many years, with no acquisition made to date.
What is the new registered office address for SecUR Credentials?
SecUR Credentials' registered office will shift from Mastermind 4, Goregaon East, Mumbai to Raikar chambers officer no. 605, 6th Floor Govandi East, Suburban, Deonar Kurla Mumbai 400088, effective August 5, 2026.
Questions based on this BSE filing only. For information purposes.