SECUREKLOUD TECHNOLOGIES LIMITED has informed the Exchange about update on Pendency of Litigation
SECURKLOUD · price
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SecureKloud Technologies informed the exchange about a development in ongoing SEBI-related proceedings against its promoters. The promoters had filed a Miscellaneous Application with the Securities Appellate Tribunal (SAT) in Mumbai seeking more time to pay 50% of the penalty imposed on them. SAT heard the matter on June 9, 2025 and granted an additional two-week extension, pushing the compliance deadline to June 24, 2025. This is a procedural update and does not indicate settlement or closure of the underlying case.
The extension provides temporary relief to promoters but the SEBI penalty remains pending. Investors should watch for further updates on whether the penalty is paid by the new deadline, as non-compliance could trigger additional legal consequences for the promoters and potentially affect the company.