SECUREKLOUD TECHNOLOGIES LIMITED has informed the Exchange about Notice of demand from SEBI
SECURKLOUD · price
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SecureKloud Technologies Limited and its promoters — Mr. Suresh Venkatachari and Mr. R S Ramani — have received a Notice of Demand from SEBI's Southern Regional Office on April 23, 2025. This follows SEBI's final order dated December 16, 2022, which had imposed directions and monetary penalties on the company and promoters. The new demand notice, issued under Section 28A of the SEBI Act read with the Income Tax Act's Second Schedule, is a recovery step asking the company and promoters to pay the previously levied penalties. The exact penalty amount is not disclosed in this filing, though the company has flagged a financial impact to the extent of the monetary penalty. The original 2022 SEBI order details would need to be reviewed to understand the underlying violation.
Shareholders should note that the company faces an undisclosed monetary penalty payable to SEBI, which will reduce cash reserves. This represents a recovery action on an existing regulatory order and may create short-term pressure on the stock given unresolved regulatory overhang.