SECUREKLOUD TECHNOLOGIES LIMITED has informed the Exchange about Attachment proceeding
SECURKLOUD · price
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SEBI's Southern Regional Office has issued an attachment proceeding against the company's promoters — Mr. Suresh Venkatachari (Promoter/Director) and Mr. R S Ramani (Promoter) — requiring sale of their securities to recover an outstanding penalty. The penalty originates from a Securities Appellate Tribunal (SAT) order dated March 6, 2026. The notice was received by the promoters on May 20, 2026, and the company disclosed it to the exchange on May 22, 2026. The company states the impact on financial or operational activities is not quantifiable (NA).
This is a significant regulatory action against the promoters personally, and could create selling pressure on their shareholding. It signals unresolved regulatory liability and potential overhang on the stock.