SecureKloud Technologies reported a consolidated net loss of ₹14,055.13 lakh for the financial year ended March 31, 2026 (FY26), a significant widening from the ₹1,974.69 lakh loss recorded in FY25.

The deterioration in profitability was primarily driven by exceptional items totaling ₹12,862.37 lakh, stemming from the bankruptcy filing of its US subsidiary, SecureKloud Technologies Inc., under Chapter 7 of the US Bankruptcy Code. This included an impairment loss of ₹10,112.19 lakh on investments and a write-off of ₹2,608.17 lakh in unrecoverable trade receivables.

Financial Performance

Consolidated revenue from operations declined by 63% year-on-year to ₹3,747.78 lakh in FY26, down from ₹10,208.41 lakh in FY25. The revenue contraction reflects the derecognition of the healthcare business subsidiary and the cessation of control over Healthcare Triangle Inc. following the US subsidiary's bankruptcy.

On a standalone basis, the company reported a net loss of ₹12,960.73 lakh for FY26, compared to ₹937.30 lakh in the previous year. Standalone revenue stood at ₹2,244.63 lakh, down from ₹4,683.01 lakh in FY25.

What the Numbers Show

The financial data reveals a stark divergence between operational performance and reported bottom-line results. Excluding the exceptional write-offs, the consolidated profit before tax was -₹1,138.31 lakh in FY26, an improvement over the -₹1,930.04 lakh loss before tax in FY25. This indicates that while the core operations faced headwinds due to revenue decline, they were less severe than the prior year's operational losses. The massive headline loss is entirely attributable to non-recurring impairment charges related to the US subsidiary's liquidation, rather than a collapse in the underlying Indian operations.

Balance Sheet and Going Concern

The company faces material uncertainty regarding its ability to continue as a going concern. As of March 31, 2026, consolidated current liabilities exceeded total assets by ₹4,402 lakh. Total equity turned negative at -₹7,800.60 lakh, down from positive equity of ₹4,130.36 lakh in FY25.

Management has identified the first three quarters of FY27 as a critical assessment period for operational turnaround. Promoters have undertaken to provide necessary financial support to meet obligations as they fall due. The statutory auditors have qualified their report with an emphasis on these going concern risks.

Strategic Developments

Despite the financial distress, the company highlighted progress in its AI and Cloud capabilities. Its platform, DocuGenie.AI™, achieved CERT-In certification and was listed on the Google Cloud Marketplace. The company also secured engagements with Aadhar Housing Finance Limited and NTC Logistics, signaling continued market traction in its lending and logistics verticals.

SecureKloud Technologies has scheduled its 41st Annual General Meeting for September 25, 2026. The meeting will focus on adopting financial statements for FY26 and approving significant related-party transactions involving its US operations.

The company will hold the meeting via video conferencing or other audio-visual means. Shareholders holding shares as of the cut-off date, September 18, 2026, are eligible to vote. Remote e-voting will be open from September 22 to September 24, 2026.

Key Agenda Items

The board has placed two special business resolutions before shareholders for approval as ordinary resolutions:

• Ratification of Securities Exchange Agreement: Approval for a securities exchange agreement with Healthcare Triangle Inc (HCTI), valued at up to ₹2,700 lakhs. This transaction involves the issuance of HCTI common stock to Blockedge Technologies Inc, a wholly-owned subsidiary of SecureKloud. The agreement aims to compensate for economic dilution resulting from reverse stock splits by HCTI, which previously reduced the value of SecureKloud’s investment following the bankruptcy of its US subsidiary, SecureKloud Technologies Inc.

• Approval of Material Related Party Transaction: Omnibus approval for transactions between Healthcare Triangle Private Limited (HTPL), a wholly-owned subsidiary, and HCTI for FY27. The aggregate value is capped at ₹2,500 lakhs. These transactions involve the sale of services and other business activities in the ordinary course of business at arm's length prices.

What the Numbers Show

The proposed transactions represent a significant portion of the group's recent turnover. The ₹2,700 lakh share swap with HCTI equals 72% of SecureKloud’s annual consolidated turnover for FY26. Similarly, the ₹2,500 lakh service agreement between HTPL and HCTI accounts for 66.71% of the listed entity's consolidated turnover for the same period. This indicates a high concentration of exposure to the Healthcare Triangle ecosystem in the upcoming fiscal year.

Director Reappointment

Mr. Vijaykumar Mayakesavan retires by rotation and offers himself for reappointment. He has attended all seven board meetings held during the year and does not hold any shares in the company. His remuneration remains nil, though he is entitled to sitting fees as per policy.

Voting Details

Shareholders can cast votes electronically through Central Depository Services (India) Limited. The facility for appointment of proxies is not available for this virtual meeting.