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SECURKLOUD - SecureKloud Tech

📊 NSE: SECURKLOUD 🏢 Computers - Software - Medium / Small 📅 Last Updated: 12/14/2025 12:58

📢 Recent Corporate Announcements

SecureKloud: SAT Sets Aside ₹3.83 Cr Recovery Order; Dismisses Promoter Appeals

🔵 WATCH ⭐ 8/10

LEGAL 📅 09 Mar 2026, 09:45 PM

The Securities Appellate Tribunal (SAT) has issued a mixed ruling for SecureKloud Technologies. While it set aside a SEBI directive for the company to recover ₹3.83 crores from Promoter Suresh Venkatachari, it dismissed the individual appeals of promoters Suresh Venkatachari and R.S. Ramani. The company remains liable for a ₹4 crore penalty levied by SEBI, of which ₹2 crore has already been paid. The case pertains to historical allegations of fictitious revenue booking and financial irregularities between FY 2017-18 and FY 2020-21.

SAT set aside the direction for SecureKloud to recover ₹3.83 crores from Promoter Suresh Venkatachari.
Appeals by Promoters Suresh Venkatachari and R.S. Ramani against SEBI penalties were dismissed by the Tribunal.
A total penalty of ₹4 crore was levied by SEBI on the company, with ₹2 crore already remitted.
The underlying investigation by SEBI and forensic auditors suggested fictitious revenue booking through promoter-controlled entities.
The SAT order dated March 6, 2026, leaves the remaining portions of the original SEBI order undisturbed.

💡 Investors should remain cautious as the dismissal of promoter appeals confirms regulatory findings of past financial misconduct. Monitor the company's future compliance and the impact of the remaining ₹2 crore penalty on its financials.

SecureKloud Designates Mr. K. Murali as Senior Management Personnel

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 12 Feb 2026, 01:12 PM

SecureKloud Technologies has designated Mr. K. Murali as Senior Management Personnel (SMP) effective February 12, 2026. Mr. Murali has been promoted to the role of Associate Vice President, HR & Operations, following a recommendation from the Nomination and Remuneration Committee. He brings over 18 years of extensive experience in managing enterprise-wide operations, including HR, procurement, and infrastructure. This move is part of the company's internal leadership restructuring to optimize operational support.

Mr. K. Murali designated as Senior Management Personnel effective February 12, 2026
Promoted to Associate Vice President, HR & Operations
Brings over 18 years of multifunctional experience in operations and process management
Expertise includes talent acquisition, procurement, finance & accounting, and IT infrastructure
Appointment approved by the Board of Directors on February 12, 2026

💡 This is a routine internal promotion and administrative designation. No immediate action is required as it does not signify a change in the company's core strategic direction or financial outlook.

SecureKloud Appoints Two Independent Directors for 5-Year Terms

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 12 Feb 2026, 01:03 PM

SecureKloud Technologies has appointed Mr. Duraiswamy Basuvaiah and Mrs. Annaganalaur Srimathi Venkata Narayanan as Additional Independent Directors effective February 12, 2026. Both directors have been appointed for a five-year term ending February 11, 2031, subject to shareholder approval. Mr. Basuvaiah brings over 30 years of experience in institutional leadership and governance, while Mrs. Narayanan offers 14+ years of expertise in academic governance and ESG-aligned initiatives. These appointments are aimed at strengthening the company's board oversight and strategic governance.

Appointment of two Additional Directors (Independent, Non-Executive) effective February 12, 2026.
Both directors appointed for a fixed tenure of 5 years until February 11, 2031.
Mr. Duraiswamy Basuvaiah brings 30+ years of experience in governance and regulatory compliance.
Mrs. Annaganalaur Srimathi Venkata Narayanan contributes 14+ years of leadership in academic governance and ESG.
Appointments are subject to the approval of the company's shareholders.

💡 No immediate action is required as these are routine independent director appointments to the board. Investors should monitor if these additions lead to improved corporate governance or strategic shifts.

SecureKloud Q3 Revenue Drops 80% YoY to ₹2.16 Cr; ₹127 Cr Write-off for US Subsidiary

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 12:54 PM

SecureKloud Technologies reported a dismal Q3 FY26 with standalone revenue falling 80.5% YoY to ₹2.16 crore. The company posted a net loss of ₹2.03 crore for the quarter, a sharp reversal from the ₹1.54 crore profit in the previous year's corresponding quarter. A major exceptional item of ₹127.20 crore was recorded in the nine-month period ending December 2025, representing a total write-off of investments and receivables from its bankrupt US subsidiary. The board also underwent a governance shuffle with the appointment of two new independent directors and committee reconstitutions.

Standalone revenue from operations fell to ₹2.16 crore in Q3 FY26 from ₹11.11 crore in Q3 FY25.
Net loss for the quarter stood at ₹2.03 crore against a profit of ₹1.54 crore in the same period last year.
Exceptional loss of ₹127.20 crore recognized in 9M FY26 due to the completion of bankruptcy proceedings of SecureKloud Technologies Inc. (USA).
Appointed Mr. Duraiswamy Basuvaiah and Mrs. Annaganalaur Srimathi Venkata Narayanan as Independent Directors for 5-year terms.
9M FY26 basic Earnings Per Share (EPS) stands at a negative ₹37.52 per share.

💡 The significant collapse in operational revenue and the massive capital wipeout from the US subsidiary are major red flags. Investors should exercise extreme caution and wait for management to demonstrate a viable path to recovery and new revenue streams.

SecureKloud Technologies Issues Correction to Director Panchi Samuthirakani's Resignation Letter

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 29 Jan 2026, 06:18 PM

SecureKloud Technologies has filed an addendum to the resignation letter of Director Mrs. Panchi Samuthirakani, which was originally submitted on December 31, 2025. The filing corrects a clerical error where the company name was erroneously stated as 'SecureKloud Technologies Private Limited' instead of 'SecureKloud Technologies Limited.' The resignation was effective from December 31, 2025, and the director cited personal reasons and other preoccupations for her departure. The company confirmed that there are no other material reasons for the resignation beyond those stated.

Director Mrs. Panchi Samuthirakani (DIN: 09205373) resigned effective December 31, 2025.
The addendum dated January 29, 2026, corrects the entity name in the original resignation document.
The resignation involves stepping down from the Board and all associated Committee positions.
The director confirmed no other material reasons exist for the resignation other than personal preoccupations.

💡 This is a routine administrative correction to a previously announced management change. No immediate action is required as it does not impact the company's operational fundamentals.

SecureKloud Technologies Files SEBI Reg 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jan 2026, 03:27 PM

SecureKloud Technologies Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Adroit Corporate Services Pvt. Ltd., confirms the processing of dematerialization requests for the quarter ended December 31, 2025. It verifies that security certificates were mutilated and cancelled within the mandated 15-day timeframe. This is a standard regulatory filing ensuring the integrity of the company's shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025.
Confirmation of dematerialization requests processed and accepted/rejected within 15 days.
Registrar and Transfer Agent (RTA) Adroit Corporate Services Pvt. Ltd. issued the confirmation.
Verification that securities comprised in the certificates are listed on the relevant stock exchanges.

💡 This is a routine administrative disclosure with no impact on company fundamentals; no specific action is required from investors.

SecureKloud Technologies Independent Director Mrs. Panchi Samuthirakani Resigns Effective Dec 31, 2025

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 31 Dec 2025, 09:03 PM

Mrs. Panchi Samuthirakani has resigned from her position as a Non-Executive Independent Director at SecureKloud Technologies Limited, effective December 31, 2025. The resignation is attributed to personal reasons and preoccupations, with a formal confirmation that no other material reasons exist. Consequently, she will also step down from her roles in three key board committees: Audit, Nomination & Remuneration, and Stakeholder Relationship. The company will need to appoint a successor to maintain the required board composition under SEBI regulations.

Resignation of Mrs. Panchi Samuthirakani effective from the close of business hours on December 31, 2025.
Cessation of membership in 3 board committees: Audit, Nomination & Remuneration, and Stakeholder Relationship.
Director confirmed there are no other material reasons for resignation other than personal preoccupations.
The outgoing director continues to hold a directorship and committee positions in Network People Services Technologies Limited.

💡 Investors should monitor the company's future filings for the appointment of a new independent director to ensure continued compliance with corporate governance standards. This is a routine management change and does not impact the company's business operations.

SecureKloud Technologies to Close Trading Window from January 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Dec 2025, 02:15 PM

SecureKloud Technologies Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This action is taken in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the upcoming financial results. The closure pertains to the audited standalone and consolidated financial results for the quarter ending December 31, 2025. The trading window will remain closed until 48 hours after the results are officially declared to the stock exchanges.

Trading window closure begins on Thursday, January 1, 2026.
Closure is for the purpose of approving audited financial results for the quarter ended December 31, 2025.
Restriction applies to all designated persons and connected persons of the company.
The window will reopen 48 hours after the financial results are declared.
The specific date for the Board Meeting to approve results will be announced in due course.

💡 This is a routine regulatory filing with no direct impact on retail investors; continue to monitor the company for the upcoming quarterly earnings announcement date.

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💰 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.