SecureKloud Technologies Pays INR 3.5 crore Penalty After SAT Order

Core Change: SecureKloud Technologies Ltd and its promoter/director Suresh Venkatachari have paid a total cash penalty of INR 3.50 crore to settle a compliance breach identified by the Securities Appellate Tribunal (SAT).

Effective Date: The settlement follows the SAT directive dated 6 March 2026.

Impacted Parties:

• SecureKloud Technologies Ltd – required to make the cash payment and now avoids further regulatory action.
• Promoter & Director Suresh Venkatachari – personally liable for INR 1.50 crore of the penalty.
• Investors and shareholders – may see a short‑term reduction in the company’s cash reserves.
• Regulators (SEBI & SAT) – the breach of SEBI (LODR) Regulation 30 is now resolved.

Why: The payment addresses a breach of SEBI (LODR) Regulation 30, removing the immediate risk of additional sanctions, enforcement actions, or trading restrictions.

Key Compliance/Legal Requirements:

• Full settlement of the INR 2.00 crore company‑level penalty and INR 1.50 crore personal penalty as ordered by the SAT.
• Ongoing adherence to SEBI (LODR) Regulation 30 to prevent future violations.

Additional Notes:

• The outflow is a one‑time cash expense reflected in the current quarter’s cash‑flow statement; it does not affect revenue, earnings, or capital structure.
• Monitoring the next quarterly filing is advisable to assess any liquidity impact.