SECUREKLOUD TECHNOLOGIES LIMITED has informed the Exchange regarding 'Announcement under Reg 30 of LODR - Payment of penalty by promoters'.
SECURKLOUD · price
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SecureKloud Technologies' promoters, Mr. Suresh Venkatachari and Mr. R S Ramani, have paid 50% of a penalty imposed on them, remitting Rs. 1.50 crore and Rs. 1 crore respectively on June 24, 2025. The payment was made following directions from the Securities Appellate Tribunal (SAT) in its order dated April 29, 2025, under Appeal no. 88 & 190 of 2023. The total penalty implied is approximately Rs. 5 crore. This is a follow-up to the company's earlier intimations on April 29 and June 9, 2025. The matter pertains to regulatory action by SEBI, with the promoters challenging the original order at SAT.
The penalty payment is a known liability that the promoters are settling as directed. While it signals past regulatory trouble, the promoters are actively contesting the matter at SAT, and the remaining 50% may be refundable if they win the appeal. Near-term stock impact is likely limited as this was already disclosed earlier.