Please find enclosed results
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 05 Aug 2026, 09:13 PM IST · BSE ID: 6619552d-67c7-4c0e-9b95-9d36a2294bb2
View Original BSE Filing (PDF)
💡
In Simple Terms
The company released its full-year financial results but the auditors flagged 11 issues, including an undocumented Rs. 116.12 Lakhs due from a director.
🤖 AI Summary
- SecUR Credentials Board approved Audited Financial Results for Q4 and FY ended March 31, 2025.
- Auditors issued a qualified opinion with 11 observations, including a Rs. 116.12 Lakhs director's debit balance.
- Board approved the Notice for the 24th Annual General Meeting and the Director's Report for FY 2024-25.
- Appointment of Ms. Prachi Bansal as Scrutinizer for remote e-voting during the AGM was approved.
- Registered office shifted from Aarey Milk Colony to Govandi East, Mumbai, effective August 5, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Director's Debit Balance (Unverified)
Rs. 116.12 Lakhs
Advance for Immovable Property (Unacquired)
Rs. 559.70 Lakhs
🏢 How This Affects the Company
The financial results are subject to 11 audit qualifications, indicating potential issues with asset recoverability and revenue recognition, which may affect the reliability of reported financial performance.
The company's registered office moved within Mumbai, which requires an operational adjustment but does not alter core business activities.
The qualified audit opinion and multiple observations, particularly concerning the Rs. 116.12 Lakhs director's debit balance and unverified unbilled revenue, increase financial reporting and compliance risk.
👥 What This Means For Shareholders
✅
Action Required
Shareholders should review the Audited Financial Results and the qualified audit report in detail. Attend the upcoming 24th Annual General Meeting to seek clarifications on the audit observations.
👤
Who Is Affected
All shareholders are affected by the qualified audit opinion as it impacts the reliability of the company's financial disclosures for the year ended March 31, 2025, and future financial transparency.
🔍
Management Signal
The approval of audited results despite significant audit qualifications indicates management's intent to proceed with statutory compliance while potentially facing challenges in resolving complex financial reporting issues.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
24th Annual General Meeting – look for specific dates and resolutions.
Company response to audit qualifications in Director's Report.
Subsequent financial results – observe if audit qualifications are addressed.
HIGH RISK
Multiple audit qualifications, including unverified balances and non-compliance with accounting standards, indicate high financial reporting risk.
💡 Investor Takeaway
SecUR Credentials released Audited Financial Results for FY25 and Q4 FY25, but the audit report contained a qualified opinion with 11 observations, including an unverified Rs. 116.12 Lakhs director's debit balance. The Board also approved the AGM notice and a registered office change.
⚖️ Strengths & Concerns
⚠️ Concerns
- Auditors issued a qualified opinion due to 11 significant observations on the financial results for the year ended March 31, 2025.
- A debit balance of Rs. 116.12 Lakhs in the director's ledger account lacks supporting documentation, raising uncertainty about its existence and recoverability.
📅 Company Track Record
Previous filings flagged a director loan of Rs. 127.34 Lakhs in Q3 FY25 and Rs. 116.11 Lacs in Q1 FY26 (ended June 2025), which violated the Companies Act. Q1 FY26 also reported a 99.5% revenue collapse and Rs. 382.61 Lacs loss, with 17 audit qualifications. This filing details the FY25 audit, showing continuity of concerns.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What were the key approvals by SecUR Credentials' Board on August 5, 2026?
The Board approved the Audited Financial Results for Q4 and FY ended March 31, 2025, the 24th Annual General Meeting notice, the Director's Report for FY 2024-25, and the appointment of Ms. Prachi Bansal as Scrutinizer.
What significant issues did the auditors identify in SecUR Credentials' FY25 financial results?
The auditors issued a qualified opinion with 11 observations, notably citing a Rs. 116.12 Lakhs debit balance in a director's ledger account lacking supporting documentation and an unacquired Rs. 559.70 Lakhs advance for immovable property.
What was the status of the director's ledger account mentioned in SecUR Credentials' audit report?
The audit report highlighted a debit balance of Rs. 116.12 Lakhs in a director's ledger account, representing an amount receivable from the director, for which supporting documentation was absent.
Did SecUR Credentials change its registered office location?
Yes, the Board approved the shifting of the registered office from Mastermind 4, Royal Palms Estate, Aarey Milk Colony, Goregaon, to Raikar chambers, Govandi East, Mumbai, effective August 5, 2026.
Questions based on this BSE filing only. For information purposes.