SecureKloud gains partial relief in SAT ruling, SEBI penalty largely upheld

SecureKloud Technologies Limited ( (IN:SECURKLOUD) ) has provided an announcement.

SecureKloud Technologies Limited has disclosed that the Securities Appellate Tribunal in Mumbai issued an order on March 6, 2026, partly allowing the company’s appeal related to a prior Securities and Exchange Board of India enforcement action. The tribunal set aside the direction requiring the company to recover Rs. 3.83 crore from promoter-director Suresh Venkatachari, while leaving the rest of the original order unchanged, and it dismissed separate appeals filed by promoters Suresh Venkatachari and R. S. Ramani.

As a result, the company remains subject to a Rs. 4 crore SEBI penalty, of which Rs. 2 crore has already been paid, but it is relieved of the obligation to seek recovery of funds from its promoter-director. The outcome clarifies the financial impact on SecureKloud and stabilizes its compliance posture, though the promoters themselves did not obtain relief, underscoring ongoing regulatory scrutiny for key stakeholders.

More about SecureKloud Technologies Limited

SecureKloud Technologies Limited operates in the technology sector and is listed on both the National Stock Exchange of India and BSE. The company provides digital and cloud-based technology services, positioning itself as a player in India’s listed tech and IT services space, with oversight from Indian market regulators and associated appellate bodies.

Average Trading Volume: 2,563

Technical Sentiment Signal: Strong Sell

Current Market Cap: 714.7M INR

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