Cash credit account default with Indian Bank - Rs 811.42 Lakhs
SECURKLOUD · price
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SecureKloud Tech Limited has informed stock exchanges about a default in regularizing its cash credit account with Indian Bank. The company failed to remit the required funds of about Rs 811.42 Lakhs within the stipulated time. As a result, the account may be classified as a Non-Performing Asset under RBI guidelines. The default occurred on October 16, 2026.
Negative for shareholders. The account may be tagged as an NPA, signalling cash flow stress and potentially higher borrowing costs going forward.