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Latest filing: 2026-09-04 18:51
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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
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18 announcements match the current filters (relevance ≥ 5).
SecUR Credentials Seeks ROC Extension for 25th AGM Due to Delay in FY26 Financials
SecUR Credentials Limited announced the outcome of its Board Meeting held on September 04, 2026. The board approved holding its 24th Annual General Meeting via video conferencing, with dispatch of notices pending. Crucially, the company has applied to the Registrar of Companies (ROC), Mumbai, seeking an extension of time to conduct its 25th AGM for FY 2025-26 due to the non-finalization and non-readiness of its financial statements. The approval status from the ROC will be communicated once received.
Confidence: HIGH
What changedSecUR Credentials has formally approached the ROC Mumbai for an extension to conduct its FY 2025-26 AGM due to unprepared financial accounts.
Why it mattersInability to finalize annual financial statements on schedule signals reporting and compliance delays, raising governance concerns for investors.
Board Meeting Date: 04th September, 2026AGM Extension Period: FY 2025-26 (25th AGM)Company Market Cap: Rs 6 Cr
📅 Short termNegative sentiment around reporting timelines and potential regulatory scrutiny until audited accounts are filed and ROC approvals are received.
📈 Long termPersistent delays in financial reporting and regulatory compliance can impair investor confidence and institutional client acquisition.
⚠ Risk flags
- Financial statement finalization delays
- Regulatory non-compliance risk if ROC denies extension
- Reputational and governance risks
Key Highlights
Board meeting concluded on September 04, 2026, approving key corporate meeting matters
Application submitted to ROC Mumbai seeking extension of time for holding the 25th AGM
Delay attributed to non-finalization and non-readiness of financial statements for FY 2025-26
Board approved convening the 24th AGM via Video Conferencing/Other Audio Visual Means (VC/OAVM)
👀 What to Watch
Track the ROC's formal response to the AGM extension request and monitor when the company finalizes and publishes its audited financial statements for FY 2025-26.
SecUR Credentials CFO Soni Radheymohan Agarwal Resigns Effective September 1, 2026
SecUR Credentials Limited has announced the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Mr. Soni Radheymohan Agarwal, effective from the close of business hours on September 01, 2026. He cited pre-occupation in other professional engagements and personal reasons, confirming there are no disagreements with the board or management. The micro-cap company (market cap of ₹6 Cr, TTM revenue of ₹58 Cr) has not yet named a replacement CFO in this disclosure.
Confidence: HIGH
What changedMr. Soni Radheymohan Agarwal has stepped down from the role of Chief Financial Officer effective September 01, 2026.
Why it mattersA CFO exit is a notable leadership transition, requiring timely appointment of a successor to oversee ongoing statutory compliance and financial operations.
Effective resignation date: 01st September, 2026Company Market Cap: Rs 6 CrTTM Revenue: Rs 58 Cr
📅 Short termThe company will need to notify exchanges regarding the interim or permanent successor for the CFO office.
📈 Long termLimited structural impact assuming smooth leadership transition and continuity in financial reporting.
⚠ Risk flags
- Key managerial vacancy at micro-cap scale
- Immediate successor not named in the filing
Key Highlights
CFO and KMP Mr. Soni Radheymohan Agarwal resigned effective close of business hours on September 01, 2026
Reason cited for resignation is pre-occupation in other professional engagements
Outgoing CFO confirmed no disagreements with the board, management, or stakeholders
The transition occurs against a financial base of ₹6 Cr market cap and ₹58 Cr TTM revenue
👀 What to Watch
Track the upcoming board announcement for the appointment of a new Chief Financial Officer to manage financial controls and compliance.
SecUR Credentials Reports ₹8.04 Cr Net Loss for FY25; Auditors Issue 11-Point Qualified Opinion
SecUR Credentials Limited reported a catastrophic financial performance for FY25, with a net loss of ₹8.04 Cr, exceeding its current market capitalization of ₹6 Cr. Annual turnover plummeted to just ₹0.81 Cr, a ~98% collapse compared to the TTM revenue of ₹58 Cr. Statutory auditors issued a qualified opinion citing 11 major concerns, including undocumented receivables of ₹1.16 Cr from a director and ₹5.60 Cr in stagnant property advances. The company is also under SEBI investigation for alleged fictitious transactions involving Varanium Cloud Ltd.
Confidence: HIGH
What changedThe company has moved from a profitable entity to a deep loss-making state with negligible revenue and a heavily qualified audit report.
Why it mattersThe combination of a 98% revenue drop, fraud allegations by SEBI, and missing documentation for major expenses raises fundamental questions about the company's going concern status and governance.
FY25 Net Loss: ₹8.04 CrFY25 Turnover: ₹0.81 CrStagnant Property Advance: ₹5.60 CrDirector Receivable (Undocumented): ₹1.16 CrFY25 Turnover vs TTM Revenue: ~1.4%
📅 Short termThe stock is likely to face severe downward pressure as the market reacts to the qualified audit report and the scale of the financial loss relative to market cap.
📈 Long termThe long-term outlook is highly distressed; the company faces existential risks from regulatory actions and the apparent loss of its core business revenue.
⚠ Risk flags
- Qualified audit opinion with 11 major points
- SEBI investigation into alleged fictitious transactions
- Catastrophic revenue collapse
- Undocumented related-party transactions
- Loss exceeds market capitalization
Key Highlights
Net Loss of ₹8.04 Cr for FY25, a massive swing from the TTM PAT of ₹8 Cr reported in previous periods.
Annual turnover collapsed to ₹0.81 Cr, representing only ~1.4% of the previously reported TTM revenue of ₹58 Cr.
Auditors flagged ₹5.60 Cr in advances for property acquisition held for 'past many years' with no progress or acquisition.
Unverified debit balance of ₹116.12 Lakhs (₹1.16 Cr) in a director's ledger account without supporting documentation.
SEBI interim order issued regarding alleged fictitious transactions involving the company and Varanium Cloud Ltd.
👀 What to Watch
Investors should exercise extreme caution as the audit qualifications suggest severe internal control failures and the annual loss exceeds the company's total market value. Monitor the SEBI investigation outcome and any management clarification regarding the near-total collapse of business revenue.
₹2.16 Cr Net Loss: SecUR Credentials Auditor flags missing inventory and illegal Director loan
SecUR Credentials reported a net loss of ₹2.16 crore for the quarter ended December 31, 2024, on negative operational revenue of ₹87.49 lakhs. The statutory auditor issued a heavily qualified report, highlighting a ₹1.27 crore loan to a Director in violation of Section 185 of the Companies Act and the physical non-existence of reported inventory. Additionally, the company failed to provide GST, PF, and ESIC records for verification, and did not recognize gratuity liabilities or Expected Credit Loss (ECL) provisions. These findings suggest severe internal control failures and potential financial misstatements.
Confidence: HIGH
What changedThe company filed a revised Limited Review Report for Q3 FY25 which contains extensive auditor qualifications and reveals a significant financial downturn.
Why it mattersThe auditor's report points to potential fraud (missing inventory) and governance failures (illegal director loans), which, combined with negative revenue, threatens the company's status as a going concern.
Net Loss (Q3 FY25): ₹2.16 CrRevenue from Operations (Q3 FY25): ₹(0.87) CrLoan to Director: ₹1.27 CrLoan to Director vs Market Cap: 21.1%Total Expenses (Q3 FY25): ₹1.26 Cr
📅 Short termNegative. The severity of auditor qualifications regarding missing inventory and illegal loans is likely to severely impact investor confidence and stock liquidity.
📈 Long termHighly uncertain. The combination of negative revenue, regulatory orders, and auditor-flagged governance issues suggests a high risk of business failure or regulatory delisting.
⚠ Risk flags
- Auditor Qualifications
- Related-party loan violation
- Missing Inventory
- Statutory non-compliance (GST/PF/ESIC)
- Negative Revenue
Key Highlights
Net Loss of ₹215.97 Lacs for Q3 FY25, a sharp decline from a profit of ₹3.41 Lacs in the year-ago period.
Revenue from operations turned negative at ₹(87.49) Lacs, indicating significant accounting reversals or business cessation.
Auditor identified a loan of ₹127.34 Lacs granted to a Director, violating Section 185 of the Companies Act, 2013.
Physical verification by auditors confirmed that reported inventory does not exist, indicating prior-period overstatements.
Company website was inactive, preventing verification of mandatory statutory disclosures and policies.
👀 What to Watch
Investors should exercise extreme caution due to the auditor's inability to verify statutory dues, inventory, and the identification of illegal related-party loans. Monitor for any regulatory action from SEBI or the Ministry of Corporate Affairs regarding these disclosures.
SecUR Credentials Reports ₹1.33 Cr Q2 Loss; Auditor Flags Missing Inventory and Illegal Loan
SecUR Credentials Limited submitted revised results for the quarter ended September 30, 2024, reporting a net loss of ₹1.33 Cr on revenue of just ₹0.75 Cr. The revision was necessitated by the initial omission of the Cash Flow Statement and Limited Review Report. The auditor's report contains severe qualifications, including a ₹1.52 Cr loan to a director in violation of the Companies Act and the discovery that recorded inventory does not physically exist. Furthermore, the company failed to provide GST, PF, and ESIC records for verification, and its website remains inactive.
Confidence: HIGH
What changedThe company resubmitted its Q2 FY25 financial results to include the previously omitted Cash Flow Statement and a highly critical Limited Review Report.
Why it mattersThe auditor's findings of missing inventory and illegal director loans (representing ~25% of the current market cap) raise significant concerns regarding the integrity of the financial statements and corporate governance.
Revenue (Q2 FY25): ₹75.01 LakhsNet Loss (Q2 FY25): ₹132.99 LakhsLoan to Director: ₹152.12 LakhsDirector Loan vs Market Cap: ~25.3%Total Equity: ₹3,729.71 Lakhs
📅 Short termThe stock is likely to face significant pressure as the market digests the auditor's severe qualifications regarding illegal loans and missing assets.
📈 Long termThe company's long-term viability is in question given the sharp decline in revenue, ongoing regulatory issues with SEBI, and systemic internal control failures.
⚠ Risk flags
- Illegal loan to Director (Section 185 violation)
- Missing physical inventory
- Non-payment of statutory dues (PF, ESIC, GST)
- Non-compliance with multiple Ind AS standards
- Inactive corporate website
Key Highlights
Net loss of ₹132.99 Lakhs for the quarter ended September 30, 2024, compared to a loss of ₹382.61 Lakhs in the previous quarter.
Auditor flagged a loan of ₹152.12 Lakhs granted to a Director in contravention of Section 185 of the Companies Act, 2013.
Physical verification revealed that inventory disclosed in the books does not exist, indicating a prior-period overstatement.
Statutory dues including PF, ESIC, and GST records were not produced for audit, with outstanding dues remaining unpaid.
Company failed to recognize provisions for Gratuity (Ind AS 19) and Expected Credit Loss (Ind AS 109).
👀 What to Watch
Investors should exercise extreme caution as the auditor's report suggests a breakdown in internal controls and potential financial misrepresentation. Monitor for any further SEBI actions or forensic audit requirements following the confirmatory order and these audit qualifications.
SecUR Credentials Overhauls Leadership: New MD, CFO, and 4 Board Appointments Announced
SecUR Credentials (market cap ₹6 Cr) has announced a major leadership restructuring following a board meeting on July 17, 2026. Ashish Ramesh Mahendrakar has been elevated to Managing Director, and Soni Agarwal has been appointed as the new CFO. The board saw the simultaneous resignation of three directors and the previous CFO, replaced by four new director appointments (including three independent directors). This overhaul occurs amidst a SEBI Confirmatory Order against the company and its promoter, which is expected to impact future revenues.
Confidence: HIGH
What changedThe company has replaced its top executive leadership (MD and CFO) and restructured its board composition with four new appointments and three resignations.
Why it mattersFor a micro-cap company facing regulatory challenges, a complete management refresh is a critical event that could either stabilize operations or signal internal turmoil. The 'administrative oversight' leading to a delayed filing also raises minor governance concerns.
Market Cap: ₹6 CrTTM Revenue: ₹58 CrNew MD Experience: 18 yearsIndependent Director Term: 5 years
📅 Short termThe stock may experience volatility as the market digests the mass management changes and the company's admission of 'administrative oversight' regarding the filing delay.
📈 Long termThe long-term outlook depends on the new board's ability to execute the diversification strategy into Loan Verification and IT Solutions while mitigating the reputational damage from the SEBI order.
⚠ Risk flags
- High management turnover
- Regulatory action (SEBI Confirmatory Order)
- Administrative oversight in regulatory filings
- Potential loss of BFSI clients
Key Highlights
Appointment of Ms. Soni Agarwal as Chief Financial Officer effective July 17, 2026
Elevation of Mr. Ashish Ramesh Mahendrakar to Managing Director, bringing 18 years of experience
Resignation of 3 directors (2 Independent, 1 Executive) and the former CFO on July 17, 2026
Appointment of 3 new Independent Directors (Shivi Jindal, Gitika Garg, Apra Sharma) for 5-year terms
Reconstitution of Audit, Nomination & Remuneration, and Stakeholders’ Relationship Committees
👀 What to Watch
Investors should monitor the new management's ability to retain the company's 208 clients, especially in the BFSI sector, following the SEBI order and this significant leadership turnover.
SecUR Credentials Overhauls Leadership: New MD, CFO, and 4 Director Appointments
SecUR Credentials has announced a significant restructuring of its board and top management effective July 17, 2026. Ashish Ramesh Mahendrakar has been elevated from Executive Director to Managing Director, while Soni Agarwal has been appointed as the new CFO. This overhaul includes the resignation of three directors (two independent and one executive) and the appointment of four new directors, including three independent women directors for five-year terms. This transition occurs as the company manages a TTM revenue of ₹58 Cr and navigates regulatory challenges mentioned in its financial context.
Confidence: HIGH
What changedThe company has replaced its CFO and MD, and refreshed a majority of its board members in a single day.
Why it mattersA wholesale change in leadership and board composition is often a response to internal or external pressures; for SecUR, this is critical given the existing SEBI regulatory orders and the need to maintain trust with its 208 clients.
New MD Appointment Date: July 17, 2026Independent Director Term: 5 yearsTTM Revenue: ₹58 CrTotal Clients: 208Workforce Size: 160 employees
📅 Short termThe sudden and extensive turnover in the board and KMPs may lead to short-term volatility as the market assesses the reasons behind the mass resignations.
📈 Long termThe long-term outlook depends on whether this new board can successfully execute the diversification strategy into Loan Verification and IT Solutions to offset potential BFSI revenue losses.
⚠ Risk flags
- High management turnover
- Regulatory reputational risk
- Client concentration in BFSI sector
Key Highlights
Appointment of Soni Agarwal as Chief Financial Officer and Key Managerial Personnel effective July 17, 2026
Elevation of Ashish Ramesh Mahendrakar to Managing Director, subject to member approval
Resignation of three board members: Amit Kumar Bharti, Shireen Mohd Haneef Khan, and Bhimsen Vishwanath Pawar
Appointment of three new Independent Directors (Shivi Jindal, Gitika Garg, and Apra Sharma) for 5-year terms
Reconstitution of Audit, Nomination & Remuneration, and Stakeholders' Relationship Committees
👀 What to Watch
Investors should monitor the stability of this new leadership team and watch for any impact on client retention, particularly within the BFSI sector which is critical to their ₹58 Cr TTM revenue base.
SecUR Credentials Reports Severe Audit Qualifications and SEBI Investigation for FY24
SecUR Credentials Limited reported a net loss of ₹712.78 Lakhs for FY 2023-24, accompanied by a series of severe audit qualifications including disclaimers and an adverse opinion. The auditor highlighted ₹205.09 Lakhs in undocumented director receivables and ₹599.70 Lakhs in long-pending property advances. Most critically, the company is under a SEBI interim order regarding alleged fictitious transactions involving Varanium Cloud Ltd, leading to a sales reversal of ₹235.76 Lakhs. Management largely attributed the lack of documentation and reconciliation to a shortage of staff.
Key Highlights
Reported a net loss of ₹712.78 Lakhs and a negative EPS of ₹1.74 for the financial year ended March 31, 2024.
Auditor issued a Disclaimer of Opinion regarding ₹205.09 Lakhs receivable from a director due to a total lack of supporting documentation.
SEBI has issued an interim order alleging fictitious transactions involving the company and Varanium Cloud Ltd.
An advance of ₹599.70 Lakhs for property acquisition has been outstanding for several years without any progress or acquisition.
Auditor issued an Adverse Opinion on the company's failure to provide Expected Credit Loss (ECL) provisions on advances, violating Ind AS 109.
👀 What to Watch
Investors should exercise extreme caution as the multiple audit disclaimers and the SEBI investigation into fictitious transactions indicate severe corporate governance and internal control failures. The lack of documentation for major expenditures and the adverse opinion on accounting policies make the financial statements highly unreliable.
SecUR Credentials Reports Q2 Loss of ₹1.33 Cr; Auditor Flags Significant Financial Irregularities
SecUR Credentials reported a severe decline in performance for the quarter ended September 30, 2024, with revenue crashing to ₹79.07 Lacs from ₹700.70 Lacs YoY. The company swung to a net loss of ₹132.99 Lacs from a profit of ₹324.76 Lacs in the same period last year. Critically, the statutory auditor's report contains numerous qualifications, including an illegal loan of ₹152.12 Lacs to a director and the discovery that reported inventory does not physically exist. Furthermore, the company failed to provide GST, PF, and ESIC records for verification, raising serious governance concerns.
Key Highlights
Revenue from operations plummeted 88.7% YoY to ₹79.07 Lacs in Q2 FY25.
Net loss for the quarter stood at ₹132.99 Lacs compared to a profit of ₹324.76 Lacs in Q2 FY24.
Auditors flagged a ₹152.12 Lakhs loan to a Director in contravention of Section 185 of the Companies Act, 2013.
Physical verification revealed that disclosed inventory does not exist, suggesting significant overstatement in prior periods.
Company website is inactive and statutory records for GST, PF, and ESIC were not produced for audit.
👀 What to Watch
Investors should exercise extreme caution or consider exiting positions due to severe auditor qualifications, potential fraud indicators, and statutory non-compliance. The lack of financial transparency and illegal director loans represent a high-risk environment for capital.
SecUR Credentials Reports Q2 FY25 Loss of ₹1.33 Cr; Auditors Raise Severe Governance Red Flags
SecUR Credentials reported a massive 88.7% YoY decline in revenue to ₹79.07 lakhs for the quarter ended September 2024. The company swung to a net loss of ₹132.99 lakhs from a profit of ₹324.76 lakhs in the previous year. The auditor's report is highly critical, highlighting missing inventory, non-provision of statutory records (GST, PF, ESIC), and a ₹152.12 lakh loan to a director in violation of the Companies Act. Furthermore, the reporting is extremely delayed, with the board meeting held only in May 2026.
Key Highlights
Revenue from operations plummeted to ₹79.07 lakhs in Q2 FY25 from ₹700.70 lakhs in Q2 FY24.
Reported a net loss of ₹132.99 lakhs for the quarter compared to a profit of ₹324.76 lakhs YoY.
Auditors flagged a ₹152.12 lakh loan to a Director, violating Section 185 of the Companies Act, 2013.
Physical verification revealed that disclosed inventory does not exist, suggesting prior-period overstatements.
Company failed to provide GST, PF, and ESIC records or maintain an active website for statutory disclosures.
👀 What to Watch
Investors should exercise extreme caution or avoid this stock due to severe governance lapses, audit qualifications, and a near-total collapse in business operations. The lack of transparency and delayed financial reporting are major red flags for capital safety.
SecUR Credentials Reports 99% Revenue Drop and ₹3.82 Cr Loss; Auditors Flag Major Governance Issues
SecUR Credentials Limited reported a catastrophic decline in revenue for the quarter ended June 30, 2024, falling to just ₹4.52 Lacs from ₹1,000.59 Lacs in the previous year. The company swung to a net loss of ₹382.61 Lacs compared to a profit of ₹101.08 Lacs in the same quarter last year. Auditors have raised severe red flags, including an illegal loan of ₹116.11 Lakhs to a director, non-existent physical inventory, and missing statutory records for GST and PF. The results were also significantly delayed, being released in April 2026 for the June 2024 period.
Key Highlights
Revenue from operations collapsed by over 99% year-on-year to ₹4.52 Lacs.
Net loss of ₹382.61 Lacs reported against a profit of ₹101.08 Lacs in the year-ago period.
Auditors flagged a ₹116.11 Lakhs loan to a Director in contravention of Section 185 of the Companies Act.
Physical verification revealed that disclosed inventory does not exist, suggesting prior-period overstatements.
Severe compliance failures noted, including an inactive company website and missing GST, PF, and ESIC records.
👀 What to Watch
Investors should exercise extreme caution as the company exhibits signs of severe financial distress and multiple governance failures. The auditor's inability to verify basic statutory records and the illegal loan to a director are critical warning signs.
SecUR Credentials Appoints New Auditor and Whole-Time Director for 5-Year Term
SecUR Credentials Limited has appointed Mr. Bhimsen Vishwanath Pawar as a Whole-Time Director for a five-year term effective April 3, 2026. The company also appointed M/s. JPMD & Associates as Statutory Auditors to fill a casual vacancy caused by the resignation of M/s. S.D. Mehta & Co. The new auditors will serve from the financial year ending March 31, 2025, through March 31, 2029. These changes were approved during the company's 23rd Annual General Meeting.
Key Highlights
Appointment of Mr. Bhimsen Vishwanath Pawar as Whole-Time Director for a 5-year period starting April 3, 2026
M/s. JPMD & Associates appointed as Statutory Auditors to fill a casual vacancy
Auditor term covers the period from FY ending March 31, 2025, until March 31, 2029
Changes follow the resignation of previous auditors M/s. S.D. Mehta & Co.
Decisions ratified at the 23rd Annual General Meeting held on April 3, 2026
👀 What to Watch
Investors should monitor for any disclosures regarding the reasons for the previous auditor's resignation to ensure there are no underlying accounting or governance concerns.
SecUR Credentials Appoints Bhimsen Pawar as WTD and JPMD & Associates as Statutory Auditors
SecUR Credentials Limited announced key leadership and oversight changes during its 23rd AGM held on April 3, 2026. Mr. Bhimsen Vishwanath Pawar has been appointed as a Whole-Time Director for a five-year term to strengthen operational management. Furthermore, the company appointed M/s. JPMD & Associates as Statutory Auditors to fill a casual vacancy following the resignation of the previous auditor. This new audit firm will oversee financial reporting from the fiscal year ending March 31, 2025, through March 31, 2029.
Key Highlights
Appointment of Mr. Bhimsen Vishwanath Pawar as Whole-Time Director for a 5-year tenure starting April 3, 2026.
M/s. JPMD & Associates appointed as Statutory Auditors to fill the vacancy caused by the resignation of M/s. S.D. Mehta & Co.
The new statutory auditors will serve a term covering financial years from March 31, 2025, to March 31, 2029.
Decisions were ratified by shareholders during the company's 23rd Annual General Meeting.
👀 What to Watch
Investors should monitor the company's upcoming financial disclosures under the new auditors to ensure consistency and transparency. The appointment of a dedicated Whole-Time Director may signal a focus on operational scaling.
SecUR Credentials Shareholders Approve FY24 Financials and Key Appointments at 23rd AGM
SecUR Credentials Limited successfully passed all four resolutions at its 23rd Annual General Meeting held on April 3, 2026. Shareholders approved the audited standalone financial statements for FY24 with a 98.17% majority. Key management decisions included the appointment of Mr. Bhimsen Vishwanath Pawar as a Whole Time Director and the re-appointment of Mr. Ashish Ramesh Mahendrakar as Director. Additionally, the appointment of M/s. JPMD & Associates as Statutory Auditors to fill a casual vacancy was ratified with near-unanimous support.
Key Highlights
Adoption of FY24 Audited Standalone Financial Statements passed with 98.17% majority (2,701,261 votes in favor).
Appointment of Mr. Bhimsen Vishwanath Pawar as Whole Time Director approved with 99.99% support.
M/s. JPMD & Associates appointed as Statutory Auditors to fill a casual vacancy with 99.99% approval.
A total of 2,751,500 votes were polled from a shareholder base of 14,234 as of the record date.
👀 What to Watch
Investors should note the continuity in management and the formalization of financial reports as a sign of stable corporate governance. No immediate action is required as these are standard regulatory approvals.
SecUR Credentials Schedules 23rd AGM for April 3, 2026; Proposes New Auditor and Director
SecUR Credentials Limited has announced its 23rd Annual General Meeting (AGM) to be held on April 3, 2026, via video conferencing. Key agenda items include the adoption of audited financial statements for the year ended March 31, 2024, and the appointment of Mr. Bhimsen Vishwanath Pawar as a Whole Time Director for a five-year term. Notably, the company is seeking approval to appoint M/s. JPMD & Associates as Statutory Auditors for five years following the resignation of M/s. S.D. Mehta & Co. The record date for voting eligibility is March 27, 2026, with e-voting scheduled between March 31 and April 2, 2026.
Key Highlights
23rd AGM scheduled for April 3, 2026, to adopt FY24 financial statements.
Proposed appointment of Mr. Bhimsen Vishwanath Pawar as Whole Time Director for 5 years.
Appointment of M/s. JPMD & Associates as Statutory Auditors for a 5-year term starting from FY25.
Record date for e-voting eligibility set for March 27, 2026.
Remote e-voting period runs from March 31, 2026 (9:00 AM) to April 2, 2026 (5:00 PM).
👀 What to Watch
Investors should review the FY24 financial results and the reasons behind the statutory auditor's resignation before voting. The significant delay in holding the AGM for FY24 warrants a cautious approach regarding corporate governance timelines.
SecUR Credentials Appoints VMBA And Associates as New Statutory Auditors
SecUR Credentials Limited has announced a change in its statutory auditors following the resignation of M/s. S.D. Mehta & Co. on December 18, 2025. The Board of Directors approved the appointment of M/s. VMBA And Associates as the new statutory auditors during a meeting on January 12, 2026. This transition is subject to the final approval of the company's shareholders. Such changes in oversight roles are critical for maintaining corporate governance standards.
Key Highlights
Resignation of M/s. S.D. Mehta & Co. (ICAI Firm Reg No. 137193W) as Statutory Auditors effective December 18, 2025.
Appointment of M/s. VMBA And Associates (ICAI Firm Reg No. 133085W) as the new Statutory Auditors.
The Board meeting for approval was held on January 12, 2026, between 05:00 p.m. and 05:30 p.m.
The appointment is subject to the approval of the members of the company in accordance with the Companies Act, 2013.
👀 What to Watch
Investors should monitor for any specific reasons cited in the auditor's resignation letter to ensure there are no underlying financial reporting concerns. Verify the credentials of the new audit firm and watch for the upcoming shareholder vote.
SecUR Credentials Reports FY24 Results with Severe Auditor Qualifications; Securities Suspended
SecUR Credentials has released its FY24 financial results, which are accompanied by a heavily qualified auditor's report highlighting significant financial irregularities and lack of documentation. The company's securities remain suspended due to a two-year lapse in regulatory filings and non-payment of listing fees. Major concerns include Rs. 205.09 lakhs receivable from a director without evidence and Rs. 599.70 lakhs in long-pending property advances. Furthermore, SEBI is investigating alleged fictitious transactions involving the company and Varanium Cloud Ltd.
Key Highlights
Auditors issued a qualified opinion citing Rs. 205.09 lakhs receivable from a director without supporting documentation or invoices.
Company securities are currently suspended for non-payment of fees and failure to file compliances for approximately two years.
Promoter group shareholding has been zero since March 2022, and KMP shareholdings are frozen per SEBI orders.
SEBI is investigating alleged fictitious transactions involving Varanium Cloud Ltd, resulting in a sales reversal of Rs. 235.76 lakhs.
A long-standing advance of Rs. 599.70 lakhs for property remains unrecovered with no acquisition made over several years.
👀 What to Watch
Investors should exercise extreme caution as the company faces severe governance issues, regulatory investigations, and significant financial inconsistencies. Given the trading suspension and zero promoter holding, the risk of total capital loss is exceptionally high.
SecUR Credentials Reports FY25 Results with Qualified Audit Opinion Amid SEBI Suspension
SecUR Credentials has released its audited financial results for FY25, which carry a heavily qualified opinion from auditors due to missing documentation and lack of internal controls. The company's shares are currently suspended from trading due to a two-year failure to meet SEBI compliance requirements and non-payment of listing fees. Major red flags include ₹205.09 lakhs receivable from a director without proof, ₹599.70 lakhs in long-standing property advances, and zero promoter shareholding since 2022. Furthermore, the company is under SEBI investigation for alleged fictitious transactions involving Varanium Cloud Ltd.
Key Highlights
Auditors issued a qualified opinion citing lack of evidence for ₹205.09 lakhs receivable from a director and ₹599.70 lakhs in property advances.
Securities are suspended for non-compliance with SEBI LODR regulations for approximately two years and non-payment of Annual Listing Fees.
Promoter group shareholding has been zero since March 2022, and KMP shareholdings are currently frozen per SEBI orders.
SEBI has issued an interim order regarding alleged fictitious transactions involving the company and Varanium Cloud Ltd.
The company booked ₹331.26 lakhs of sundry creditor balances as income during the year without sufficient justification.
👀 What to Watch
Investors should exercise extreme caution as the company faces severe regulatory scrutiny, trading suspension, and significant audit qualifications. The lack of promoter skin in the game and ongoing SEBI investigations into fictitious transactions make this a high-risk situation.
