SecUR Credentials Limited Unveils Standalone Financial Results for Quarter Ended June 30, 2024
SecUR Credentials Limited announced that its Board of Directors approved the un-audited standalone financial results for the quarter ended June 30, 2024. The Board meeting, held on April 17, 2026, also saw the company consider and approve the limited review report from its statutory auditors for the corresponding period.The company's financial performance for the quarter was reported alongside comparative data for the previous year and the financial year end.
The standalone financial results, presented in Amounts in Lacs, show the following key financial metrics:
| Particulars | June 2024 (Unaudited) | March 2024 (Audited) | June 2023 | March 2023 |
|---|---|---|---|---|
| Revenue From Operations | 4.52 | 407.34 | 1,000.59 | 2,812.89 |
| Other Income | 0.58 | 435.67 | 573.66 | |
| Total Income | 5.10 | 843.01 | 1,014.02 | 3,386.55 |
| Expenses | ||||
| Employee benefits expense | 84.07 | 75.31 | 160.66 | 521.55 |
| Finance costs | 53.59 | 4915 | 5468 | 231.70 |
| Depreciation and amortization expense | 69.93 | 6936 | 87.59 | 328.28 |
| Other expenses | 180.12 | 1,603.67 | 55781 | 2,988.45 |
| Total expenses | 387.71 | 1,797.50 | 860.74 | 4,069.98 |
| Profit/(loss) before exceptional items and tax | (382.61) | (954.49) | 153.27 | (683.44) |
| Profit (Loss) for the period from continuing operations | (382.61) | (954.49) | 153.27 | (683.44) |
| Profit/(loss) for the period | (382.61) | (712.78) | 101.08 | (245.50) |
| Total Comprehensive Income for the period | (382.61) | (712.78) | 101.08 | (245.50) |
| Paid up Equity Share Capital (Face value of Rs 10/ each) | 4,106.28 | 4,106.28 | 4,106.28 | 4,106.28 |
| Earnings per equity share (for continuing operation): Basic & Diluted | (0.93) | 0.74 | 0.25 | (0.60) |
The limited review report provided by JPMD & Associates No Chartered Accountants confirmed the submission of the unaudited standalone financial results for the quarter ended June 30, 2024.
The auditors noted several points within their report, including:
- The unaudited Standalone Financial Results were reviewed by the Audit Committee and approved by the Board of Directors on April 17, 2026.
- The financial statements were prepared in accordance with guidelines issued by the Securities and Exchange Board of India and Indian Accounting Standards (Ind AS).
- The report highlights that Goods and Services Tax (GST) returns and related supporting records were not made available, preventing verification of GST-related balances and statutory compliance.
- The review noted that the Company has not recognized a provision for gratuity in the financial statements, nor has it obtained an actuarial valuation for the gratuity liability.
- The auditors also noted that a loan amounting to X116.11 Lakhs was granted to a Director, which is in contravention of the provisions of Section 185 of the Companies Act, 2013.
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