SecUR Credentials Limited announced the outcome of its Board Meeting held on August 2, 2025. The Board approved the Audited Financial Results and Statements for the quarter and year ended March 31, 2025, along with the Auditor's Report, which included a qualified opinion. The company disclosed significant non-compliances, including suspension of securities due to non-payment of Annual Listing Fees and failure to file quarterly, half-yearly, and annual compliances for approximately two years. The management stated they are making sincere efforts to regularize pending filings and ensure compliance. The auditor's report highlighted several issues, including a debit balance of ₹205.09 Lakhs in the director's ledger account without supporting documentation, unbilled revenue for which no invoices have been raised, uncollected interest on loans and advances, unverified statutory dues, an advance payment of ₹599.70 Lakhs for property acquisition with no subsequent acquisition, lack of Expected Credit Loss provision on advances, and an amount of ₹331.26 Lakhs due to be paid against property purchase being booked as income. Furthermore, the company did not provide bifurcation of MSME and Non-MSME debtors and creditors. An interim order from SEBI regarding alleged fictitious transactions involving Varanium Cloud Ltd. was also mentioned, with the company stating credit notes were issued and sales reversed by ₹235.76 Lakhs due to project cancellation, though further details were not provided. The company's securities are currently suspended due to penal reasons, including non-payment of Annual Listing Fees. Management is working to strengthen internal controls and ensure timely compliance.