SECUREKLOUD TECHNOLOGIES LIMITED has informed the Exchange regarding 'payment of penalty by the Company'.
SECURKLOUD · price
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Awaiting price reaction for this filing.
SecureKloud Technologies has paid Rs. 2 crore, which is 50% of a penalty imposed on the company, to SEBI on June 9, 2025. The payment was made following an order from the Securities Appellate Tribunal (SAT) dated April 29, 2025. This is in continuation of earlier disclosures the company had made about the matter. The remaining 50% of the penalty is presumably still payable as per the SAT directions. The disclosure has been made under SEBI's Listing Obligations and Disclosure Requirements (LODR) rules.
This is a negative development for shareholders as it confirms a regulatory penalty and a Rs. 2 crore cash outflow from the company. The total penalty appears to be around Rs. 4 crore, and the final outcome of the SAT proceedings could affect the company's financials and reputation.