TSC Financial & Audit Overview: FY 2024–25 Annual Report and Q1 2025–26 Compliance Summary

Market Audit for FY 2024–25 (Year ended Dec 31, 2024, published April 29, 2025)

• Scope & ObjectiveDeloitte Ireland LLP performed a reasonable assurance engagement under ISAE 3000 to assess compliance by SEMO with the Trading & Settlement Code (TSC) for the 12 months ending December 31, 2024

• ConclusionDeloitte’s independent auditor’s report concluded that SEMO had materially complied with the TSC during FY 2024, providing a “reasonable assurance” level 

• Follow‑up IssuesThe report includes a section updating on prior‑year issues, revealing which previously identified problems have been resolved and which are still outstanding.

 Quarterly Audit Program: Q1 2025–26 (Ended June 30, 2025)

• Audit Team & ScheduleThe Technical Support Cell (TSC) audit team, including senior auditors and AOs, is assigned audits for the quarter April–June 2025. This includes:

  1. Management of Industrial Areas by DSIIDC – starting 1 April 2025

  2. Commercial Audit of DSIIDC Engineering 2024–25 – May 2025

  3. CA 2024‑25 for DTL GM Project‑I – April to May 2025

Financial Condition

Assuming you’re referring to the broader financial oversight context (repairing from the chosen market audit):

• Market Audit ReportThe TSC-focused market audit doesn’t provide specific revenue or profit figures, but indicates SEMO’s system and code compliance were “fairly presented” and adhered to code requirements 

• Quarterly Audit FocusThe Q1 FY25–26 audit program targets key infrastructure and commercial areas (Industrial/Engineering/Project audits), which are central to TSC-managed financial flows—implying vigilance on expense, asset management, and accounting integrity for April–June 2025 .