SECUREKLOUD TECHNOLOGIES LIMITED has informed the Exchange regarding 'Oder copy of the Hon ble Securities Appellant Tribunal (SAT), Mumbai.'.
SECURKLOUD · price
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SecureKloud Technologies has shared the final written order from the Securities Appellate Tribunal (SAT) in Mumbai, in a batch of 11 appeals filed against SEBI (including Appeal No. 189 of 2023 by the company itself). The appeals relate to SEBI-initiated recovery proceedings and penalties. The SAT has granted relief by ordering a stay on recovery, provided the appellants deposit 50% of the penalty amount. In two of the appeals (Nos. 88 and 190), appellants were also given the liberty to sell securities to the extent of 50% of the penalty value. The matter has been posted for the next hearing on August 18, 19, and 20, 2025.
The stay on recovery is a short-term positive for SecureKloud, giving the company breathing room from immediate enforcement. However, the company must still deposit 50% of the penalty amount, and the underlying SEBI action remains unresolved until the next hearing in August 2025. Shareholders should watch for the final outcome, as the unresolved regulatory matter remains an overhang on the stock.