SecUR Credentials filing fix names CFO, MD in 2026

What the company corrected in its exchange filing

SecUR Credentials Limited has corrected its disclosure on the outcome of a board meeting held on July 17, 2026. The company said the earlier intimation contained clerical errors due to an administrative oversight during a management transition. It submitted a revised filing to the Bombay Stock Exchange and the National Stock Exchange. The correction was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. SecUR Credentials is listed on NSE Emerge.

Leadership appointments disclosed in the revised outcome

In the revised disclosure, SecUR Credentials said Soni Agarwal has been appointed as Chief Financial Officer (CFO). The filing also stated that Ashish Ramesh Mahendrakar has been appointed as Managing Director. These details were part of the corrected board-meeting outcome for July 17, 2026. The company did not provide further information in the provided text on tenure, remuneration, or effective date beyond confirming the appointments.

Board-meeting trail around results and compliance reporting

Apart from the July correction, the company’s filings referenced multiple board meetings linked to financial reporting. A board meeting held on April 17, 2026 approved the unaudited standalone financial results for the quarter ended June 30, 2024, described as Q1 FY2025 performance. The same communication noted that the statutory auditors’ limited review report accompanied the results. Another update stated that the unaudited standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors at a meeting held on May 04, 2026. A separate corporate intimation also mentioned a board meeting scheduled on April 29, 2026 to consider and approve unaudited standalone financial results for the quarter and half-year ended September 30, 2024, and for the quarter ended December 31, 2024, along with limited review reports.

Q1 FY25 numbers show a sharp fall in revenue

For the quarter ended June 30, 2024 (unaudited), SecUR Credentials reported revenue from operations of INR 0.0452 crore. This was significantly lower than INR 10.0059 crore in the corresponding quarter of the previous year. Total income was INR 0.0510 crore, while total expenses were INR 3.8771 crore. The company reported a net loss of INR 3.8261 crore for the quarter. Earnings per share (basic and diluted) for the period was reported at (INR 0.93).

Auditor’s limited review highlighted operational and compliance gaps

JPMD & Associates, Chartered Accountants, conducted the limited review of the unaudited financial results and raised several concerns in the materials referenced. The issues included concerns around inventory verification, an inactive website, and missing GST records. The filings also referred to multiple non-compliance issues. One specific item mentioned was unauthorized director loans of INR 1.1611 crore, stated to be in violation of Companies Act provisions.

FY24 loss and audit qualifications cited by the company

For the financial year ended March 31, 2024, SecUR Credentials reported a net loss of INR 7.1278 crore on total income of INR 8.4301 crore. The company also stated it addressed 16 audit qualifications. It cited documentation gaps and staff shortages as key reasons for non-compliance with certain accounting standards, including Ind AS 109 and Ind AS 19, as per the provided text.

Q3 FY25 update and third-party earnings summary

Another update in the provided information stated that SecUR Credentials reported a net loss of INR 2.1597 crore for Q3 FY25 (quarter ended December 31, 2024), compared with a net profit of INR 0.4144 crore in Q3 FY24. Separately, an earnings-summary style note reported “negative sales” of INR 0.875 crore and “negative revenue” of INR 0.86 crore for the third quarter, alongside a net loss of INR 2.16 crore, compared with sales of INR 7.043 crore, revenue of INR 7.882 crore, and net income of INR 0.414 crore a year ago. For the nine months ended December 31, 2024, that same note reported revenue of INR 0.168 crore versus INR 25.435 crore a year ago, and net loss of INR 7.316 crore versus net income of INR 4.673 crore.

Key financial snapshot (all amounts in INR crore)

What investors may track from here

The July 2026 correction matters because it clarifies senior management roles through an exchange filing made under SEBI’s disclosure rules. Alongside the leadership update, the company’s recent reported performance shows a steep decline in revenue and continued losses in the periods cited. The audit commentary referenced in the filings points to process and compliance issues that investors typically monitor closely, including documentation, statutory records, and related-party or director-linked transactions. Separately, a market snapshot in the provided information showed the share price at INR 1.63 and market capitalisation of about INR 7 crore as of April 15, 2025, indicating the company’s small-cap profile during that period.

Conclusion

SecUR Credentials’ revised filing corrects the July 17, 2026 board-meeting outcome and formally discloses the appointment of Soni Agarwal as CFO and Ashish Ramesh Mahendrakar as Managing Director. The correction comes amid filings that also outline large revenue swings, quarterly losses, and auditor-raised concerns. The next set of exchange communications and board approvals referenced in the company’s schedule will remain key points for stakeholders to watch in subsequent disclosures.