SECUREKLOUD TECHNOLOGIES LIMITED (SECURKLOUD)
₹16.19 +2.99% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, SECUREKLOUD TECHNOLOGIES's revenue was ₹13.5 Cr (-59.9% year on year, +58.0% on the previous quarter), and net profit ₹-1.7 Cr (a smaller loss than a year earlier); the operating margin was -4.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹13.5 | -59.9% | +58.0% |
| Operating profit | ₹-0.7 | loss narrowed | loss narrowed |
| Net profit | ₹-1.7 | loss narrowed | loss narrowed |
| EPS (₹) | -0.51 | loss narrowed | loss narrowed |
| Operating margin | -4.9% | — | — |
SECURKLOUD delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 62.63% of the SECURKLOUD shares traded on NSE were taken to delivery, against the stock's own 20-session average of 80.95%. That is lower than usual for this stock. Turnover was only ₹2 lakh, so a handful of trades can move this figure. Volume was 0.5 times its average, well below normal.
Delivery in the last 5 sessions: 81.9% · 85.2% · 91.8% · 55.0% · 62.6%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
SecureKloud Technologies has defaulted on regularizing its cash credit account with Indian Bank on October 16, 2026. The amount involved stands at Rs 811.42 Lakhs (approx. Rs 8.11 Cr), representing roughly 20% of its TTM revenue of Rs 40 Cr. The company noted that this failure to remit funds within the stipulated timeline could lead to the account being classified as a Non-Performing Asset (NPA) under RBI guidelines. This comes amidst ongoing financial distress, negative net worth (-Rs 48 Cr), and trailing twelve-month losses.
- Defaulted on cash credit regularization with Indian Bank on October 16, 2026
- Estimated amount involved is Rs 811.42 Lakhs (Rs 8.11 Cr)
- Default amount represents approximately 20.3% of TTM revenue (Rs 40 Cr)
- Risk of the account turning into a Non-Performing Asset (NPA) per RBI norms
SecureKloud Technologies Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Registrar and Transfer Agent Adroit Corporate Services Private Limited, pertains to the quarter and half-year ended September 30, 2026. It confirms that share certificates received for dematerialisation were processed, mutilated, cancelled, and substituted in the register of members within the mandated 15 days. This is a strictly routine procedural filing with no operational or financial impact.
- Regulation 74(5) compliance confirmed for the quarter ended September 30, 2026
- Issued by Registrar and Transfer Agent Adroit Corporate Services Private Limited on October 03, 2026
- Dematerialisation requests confirmed, mutilated, and cancelled within the mandated 15-day timeframe
SecureKloud Technologies has defaulted on the payment of interest amounting to INR 3,14,26,183 (approx. Rs 3.14 crore) on a loan availed from promoter Mr. R S Ramani as of October 1, 2026. This default occurs amid persistent financial distress, with negative net worth (-Rs 48 crore) and trailing twelve-month losses of Rs 14 crore on Rs 40 crore revenue. The company noted that this default carries the estimated risk of possible legal action by the lender/promoter.
- Defaulted on interest repayment of INR 3,14,26,183 (Rs 3.14 crore)
- Default occurred on October 1, 2026
- Loan facility was provided by promoter Mr. R S Ramani
- Company highlighted an estimated impact of possible legal action by the lender
SecureKloud Technologies announced the voting results of its 41st Annual General Meeting held on September 25, 2026. All four resolutions were passed with requisite majorities, including the adoption of FY26 financial statements and director re-appointment. Critically, shareholders ratified a Securities Exchange Agreement with subsidiary Healthcare Triangle Inc., USA, and approved material related-party transactions between Healthcare Triangle Private Limited and Healthcare Triangle Inc. for FY27, with the interested promoter group (14,074,703 shares) abstaining from voting on both.
- All 4 resolutions passed with requisite majority at the 41st AGM held on September 25, 2026
- Adoption of FY26 accounts approved with 99.99% votes in favour (14,210,262 votes)
- RPT resolutions 3 and 4 passed with 98.54% public non-institution votes in favour (135,559 votes)
- Promoter group holding 14,074,703 shares abstained from voting on related-party resolutions 3 and 4
SecureKloud Technologies has dispatched letters to shareholders without registered email addresses, providing weblinks to access the Annual Report for FY2025-26 and the Notice of the 41st AGM. The AGM is scheduled to be held virtually on September 25, 2026, at 10:00 AM IST. Remote e-voting commences on September 22, 2026, and concludes on September 24, 2026, with the cut-off date fixed as September 18, 2026.
- 41st Annual General Meeting scheduled for Friday, September 25, 2026, at 10:00 AM IST via VC/OAVM
- Remote e-voting cut-off date set for Friday, September 18, 2026
- E-voting period runs from September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM IST)
- Letter dispatched to shareholders lacking registered email addresses per SEBI Listing Regulations
SecureKloud Technologies has issued the notice for its 41st Annual General Meeting scheduled for September 25, 2026, via video conferencing. Key resolutions include ratification of a Securities Exchange Agreement with Healthcare Triangle Inc. valued up to ₹2,700 Lakhs (₹27 Cr) and approval of FY27 material related-party transactions up to ₹2,500 Lakhs (₹25 Cr). Together, these proposed related-party limits totaling ₹52 Cr represent approximately 130% of the company's TTM revenue of ₹40 Cr. Remote e-voting is scheduled between September 22 and September 24, 2026, with a record cut-off date of September 18, 2026.
- 41st AGM scheduled for Friday, September 25, 2026, at 10:00 AM IST via VC/OAVM.
- Shareholder approval sought to ratify Securities Exchange Agreement with Healthcare Triangle Inc. up to ₹2,700 Lakhs.
- Approval sought for FY27 material related party transaction between subsidiary and Healthcare Triangle Inc. up to ₹2,500 Lakhs.
- Remote e-voting window set from September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM) with cut-off date of September 18, 2026.
SecureKloud reported Q1 FY27 results alongside a significant Rs 42 crore asset transfer agreement involving its US subsidiary, Healthcare Triangle Inc. (HCTI). However, the company faces severe financial distress, with auditors issuing a 'going concern' warning as current liabilities exceed total assets by Rs 32.51 crore. Critically, SEBI has banned the company's promoters from the securities market for two years effective July 31, 2026, following a regulatory order. Management has identified the next three quarters as a critical assessment period for a potential financial turnaround.
- Rs 42 crore agreement for the issuance of 28,28,167 HCTI common shares to the company or its nominee
- Rs 32.51 crore excess of current liabilities over total assets as of June 30, 2026
- 2-year ban imposed by SEBI on promoters Suresh Venkatachari and R.S. Ramani from the securities market
- Rs 1.15 crore cash loss incurred during the quarter ended June 30, 2026
- Rs 4.46 crore in contingent liabilities related to disputed GST and Income Tax dues
SEBI's Recovery Officer has issued prohibitory orders against SecureKloud's promoters, Suresh Venkatachari and R S Ramani, for failing to pay penalties totaling Rs 6.45 crore plus interest. This escalation follows previous attachment orders in March 2026 and remittance orders in April 2026, which SEBI deemed insufficient to recover the dues. The promoters are now prohibited from disposing of or transferring any movable or immovable properties. While the company claims no direct impact on operations, the persistent regulatory default by key management is a significant governance red flag.
- Total principal penalty outstanding of Rs 6.45 Cr (Rs 3.87 Cr for Suresh Venkatachari and Rs 2.58 Cr for R S Ramani).
- SEBI determined that funds realized from previously attached bank accounts and mutual funds were not sufficient to cover dues.
- Prohibitory order dated August 3, 2026, prevents promoters from alienating or charging any personal assets.
- Promoters directed to furnish complete details of all movable and immovable properties within 14 days.
- The action follows a long-standing recovery certificate (No. 8710 and 8709) issued in 2025.
SEBI has passed a final order against SecureKloud's promoters, Suresh Venkatachari and R S Ramani, for violating insider trading (PIT) regulations during 2017-2019. The promoters are debarred from the securities market for an additional 2 years (effective after their current 3-year ban ends) and fined Rs 10 lakh each. The order details a history of massive financial manipulation where the company's balance sheet was inflated to nearly Rs 1,000 crore before a Rs 755.17 crore write-off. With a current market cap of only Rs 109 crore and negative net worth, these ongoing regulatory actions against leadership underscore significant governance risks.
- Promoters Suresh Venkatachari and R S Ramani debarred from the securities market for 2 years each.
- Monetary penalty of Rs 10 lakh each imposed for violations of Section 12A of the SEBI Act and PIT Regulations.
- Historical revenue was found to be inflated from Rs 271.93 crore (FY16) to Rs 850.39 crore (FY19) via fictitious sales.
- A massive Rs 755.17 crore was wiped off the balance sheet in a single financial year following the discovery of irregularities.
- The new debarment period will commence only after the expiration of the previous 3-year restraint imposed in December 2022.
SecureKloud Technologies has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by Adroit Corporate Services, confirms that securities received for dematerialization during the quarter ended June 30, 2026, were processed and listed on the exchanges. It further verifies that physical certificates were mutilated and cancelled within the required 15-day timeframe. This is a standard administrative filing and does not impact the company's financial performance or operations.
- Compliance certificate issued for the quarter ended June 30, 2026
- Confirmation that security certificates were processed and substituted in the register within 15 days
- Registrar and Transfer Agent (RTA) confirmed as Adroit Corporate Services Pvt. Ltd.
- Verification that dematerialized securities are listed on the stock exchanges where earlier securities are listed
Promoter R S Ramani has submitted a mandatory annual declaration under SEBI (SAST) Regulation 31(4) for the financial year ended March 31, 2026. The filing confirms that no new encumbrances or pledges were created on the promoter's shares, directly or indirectly, during the year beyond those already disclosed. While this is a routine administrative filing, it provides transparency regarding promoter shareholding stability in a company currently facing significant financial stress, including a negative net worth of ‹48 Cr and TTM losses of ‹167 Cr.
- Declaration covers the entire financial year ending March 31, 2026.
- Promoter R S Ramani confirms zero new encumbrances created during the period.
- Promoter holding stands at 43.52% as per the latest March 2026 shareholding data.
- Company reported a significant TTM loss of ‹167 Cr against a revenue of ‹60 Cr.
SecureKloud Technologies has informed the exchanges that its trading window will be closed starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the unaudited financial results for the quarter ending June 30, 2026. The restriction applies to all designated persons and their immediate relatives to prevent insider trading. The window will remain closed until 48 hours after the financial results are officially announced to the public.
- Trading window closure commences on Wednesday, July 1, 2026.
- Closure pertains to the unaudited standalone and consolidated financial results for Q1 ending June 30, 2026.
- Restriction applies to all designated persons and their immediate relatives as per the Company's Code of Conduct.
- The window will reopen 48 hours after the board meeting results are declared.
- The specific date for the board meeting to approve results will be announced separately.
SEBI has sold a portion of equity shares held by promoter Mr. R S Ramani to recover outstanding penalties following a Securities Appellate Tribunal (SAT) order dated March 06, 2026. As a result of these attachment proceedings, the promoter's stake in SecureKloud Technologies has decreased from 1.39% to 1.23%. While the company maintains that there is no impact on operations or management control, the forced sale highlights ongoing regulatory challenges for the promoter. This update follows previous disclosures regarding the attachment proceedings initiated by SEBI's Southern Regional Office.
- SEBI sold promoter shares via attachment proceedings to recover outstanding penalty amounts.
- Promoter Mr. R S Ramani's shareholding reduced from 1.39% to 1.23% following the sale.
- The action stems from a Securities Appellate Tribunal (SAT) order passed on March 06, 2026.
- The company confirms no change in management or control of the entity pursuant to this sale.
- Information was verified via the Weekly BENPOS report from the RTA as of June 15, 2026.
Suresh Venkatachari, the Promoter of SecureKloud Technologies Limited, has submitted a mandatory annual disclosure under Regulation 31(4) of the SEBI (SAST) Regulations. The filing confirms that no new encumbrances or pledges were created on the promoter's shares, directly or indirectly, during the financial year ending March 31, 2026. This declaration also covers persons acting in concert (PAC) and ensures transparency regarding the stability of the promoter's holding.
- Promoter Suresh Venkatachari filed the annual disclosure under Regulation 31(4) of SEBI (SAST) Regulations.
- The declaration confirms no new encumbrances were made during the financial year ending March 31, 2026.
- The statement includes all shares held by the promoter and persons acting in concert (PAC).
- The filing was submitted to both BSE and NSE on April 07, 2026.
- Confirms that any existing encumbrances have already been disclosed to the exchanges.
SecureKloud Technologies Limited has updated its 'Code of Conduct for Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information (UPSI)' following a Board meeting on May 30, 2026. The amendments align with Regulation 8 of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Key updates include refined definitions for 'Contra Trade,' 'Designated Persons,' and 'UPSI,' alongside stricter reporting requirements for violations. The policy aims to prevent misuse of sensitive information and ensure transparency for all stakeholders.
- Board of Directors approved amendments to the Insider Trading Code on May 30, 2026.
- Updated definition of 'Contra Trade' prohibits opposite transactions within 6 months, with profits liable for disgorgement to the IPEF.
- Expanded definition of UPSI to include specific events like forensic audits, changes in KMP, and defaults.
- The policy applies to all 'Designated Persons,' including promoters, directors, and employees up to two levels below the CEO.
- Compliance Officer is mandated to report Contra Trade approvals and violations to the Audit Committee at least once a year.
Financial Performance
Revenue Growth by Segment
Revenue growth is not explicitly segmented by business line in the provided documents, but the Group reduced its consolidated net loss by 52.2% YoY, from INR 9,582.36 lakhs in FY24 to INR 4,583.18 lakhs in FY25.
Geographic Revenue Split
The Group has a high geographic concentration in the USA, with new operations recently established in Singapore. Specific percentage splits per region are not disclosed in the available documents.
Profitability Margins
The Group reported a consolidated net loss of INR 4,583.18 lakhs for FY25. Profitability is under pressure due to high competition and wage inflation, though cash losses improved by 17.2% YoY from INR 4,536 lakhs to INR 3,754 lakhs.
EBITDA Margin
The current EBITDA margin is not explicitly stated, but CARE Ratings identifies a PBILDT margin above 15% as a positive rating sensitivity factor for future improvement.
Capital Expenditure
Capital expenditure on Property, Plant, and Equipment was INR 23.56 lakhs in FY24, with no significant new capex reported for FY25 in the cash flow statement.
Credit Rating & Borrowing
The Group faces credit challenges, with CARE Ratings noting delays in debt servicing for term loans. Finance costs for FY25 were INR 1,614.56 lakhs on total borrowings of INR 10,443 lakhs, implying an effective interest rate of approximately 15.46%.
Operational Drivers
Raw Materials
As an IT services firm, the primary 'raw materials' are Human Capital (Software Engineers/Cloud Architects) and Cloud Infrastructure (AWS/Azure/GCP instances), which constitute the bulk of service delivery costs.
Import Sources
Talent is primarily sourced from India and the USA. Cloud infrastructure is sourced globally from major US-based public cloud providers.
Key Suppliers
Key infrastructure suppliers include Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP).
Capacity Expansion
Not applicable in traditional manufacturing terms; however, the Group is expanding its service delivery capacity through the acquisition of the cloud business of SecureKloud Technologies Inc by Healthcare Triangle Inc to achieve delivery synergies.
Raw Material Costs
Employee-related costs and cloud subscription fees are the primary drivers. Wage inflation in the US and India is noted as a risk that puts pressure on margins.
Manufacturing Efficiency
Not applicable. Efficiency is measured by service delivery optimization and cost-to-serve metrics.
Strategic Growth
Expected Growth Rate
15%
Growth Strategy
Growth will be driven by the $15.20 million growth capital raised by Healthcare Triangle Inc from institutional investors and expansion into the Singapore market. The Group is also focusing on cost optimization and service delivery synergies following internal business reorganizations.
Products & Services
Enterprise Cloud Transformation services, Healthcare Cloud solutions (via Healthcare Triangle Inc), and Blockchain technology services (via Blockedge Technologies).
Brand Portfolio
SecureKloud, Healthcare Triangle, Blockedge, Mentor Minds.
New Products/Services
New product launches are focused on healthcare-specific cloud transformation and blockchain platforms, though specific revenue contribution percentages are not disclosed.
Market Expansion
Targeting the Singapore market and expanding the healthcare cloud footprint in the USA.
Market Share & Ranking
The Group has a moderate scale of operations and faces intense competition from global IT giants and small-scale niche players.
Strategic Alliances
Maintains strategic tie-ups with major public cloud enterprises including AWS, Microsoft, and Google.
External Factors
Industry Trends
The industry is shifting toward specialized healthcare cloud and blockchain solutions. The Group is positioning itself as a niche player in these growing segments despite current operating losses.
Competitive Landscape
Competes with global IT giants (e.g., Accenture, TCS) and specialized cloud boutiques.
Competitive Moat
The moat is built on deep domain expertise in healthcare cloud compliance and strong partnerships with major cloud providers, though this is challenged by the scale of larger IT competitors.
Macro Economic Sensitivity
Highly sensitive to US GDP growth and corporate IT spending trends, as the majority of revenue is derived from the US market.
Consumer Behavior
Increasing demand for secure, compliant cloud environments in the healthcare and life sciences sectors.
Geopolitical Risks
Exposed to risks from changes in US regulatory frameworks and immigration policies (H-1B visas) which affect the mobility of the workforce.
Regulatory & Governance
Industry Regulations
Operations are subject to strict data privacy regulations such as HIPAA in the US healthcare sector and evolving immigration laws regarding work visas.
Environmental Compliance
Not a material factor for IT services; specific ESG costs are not disclosed.
Taxation Policy Impact
The Group recognized a tax expense of INR 38.91 lakhs in FY25.
Legal Contingencies
The Group has pending litigations disclosed in Note 29 of the financial statements, which impact the consolidated financial position.
Risk Analysis
Key Uncertainties
There is substantial doubt about the Group's ability to continue as a going concern due to continued operating losses (INR 4,583.18 lakhs in FY25).
Geographic Concentration Risk
High concentration in the USA market, making the Group vulnerable to regional economic downturns.
Third Party Dependencies
Heavy reliance on the infrastructure and partner programs of AWS, Azure, and Google Cloud.
Technology Obsolescence Risk
High risk due to the rapid pace of innovation in cloud and blockchain technologies, requiring constant skill updates.
Credit & Counterparty Risk
Trade receivables of INR 1,967 lakhs represent a significant credit exposure, though this has been reduced from the previous year.
