SecureKloud reports FY26 loss on subsidiary bankruptcy

securekloud technologies reported a consolidated net loss of ₹14,055.13 lakh for the financial year ended March 31, 2026, a significant decline from the previous year's loss of ₹1,974.69 lakh. The company's standalone financial results for the same period reflected a net loss of ₹12,960.73 lakh. These losses were primarily driven by exceptional items amounting to ₹12,862.37 lakh, largely stemming from the bankruptcy of its US subsidiary, SecureKloud Technologies Inc.

Exceptional Items and Subsidiary Write-off

The Board of Directors approved the write-off of the entire investment in SecureKloud Technologies Inc., which was declared bankrupt by the Court of Nevada, USA. The company recognized an impairment loss of ₹10,112.19 lakh on its investment and wrote off unrecoverable trade receivables amounting to ₹2,608.17 lakh. Additionally, the company recognized a provision of ₹142.01 lakh towards interest and recovery costs payable to the Securities and Exchange Board of India (SEBI) pursuant to attachment proceedings.

Financial Performance

For the year ended March 31, 2026, the company reported consolidated revenue from operations of ₹3,747.78 lakh, a decrease from ₹10,208.41 lakh in the previous year. Total consolidated income stood at ₹3,914.20 lakh. On a standalone basis, revenue from operations was ₹2,244.63 lakh, down from ₹4,683.01 lakh in FY25. The company's total expenses for the consolidated results were ₹5,052.51 lakh.

Key Financial Metrics (Consolidated, ₹ in lakhs)

Metric	Year Ended March 31, 2026	Year Ended March 31, 2025
Revenue from Operations	3,747.78	10,208.41
Total Income	3,914.20	10,385.94
Total Expenses	5,052.51	12,315.98
Net Profit/(Loss) for the period	(14,055.13)	(1,974.69)

Auditor's Report and Going Concern

M/s. K. Gopal Rao & Co., Chartered Accountants, issued an unmodified opinion on the audited financial results. However, the auditors drew attention to a material uncertainty related to the company's ability to continue as a going concern. As of March 31, 2026, the company's current liabilities exceeded its total assets by ₹4,402 lakh on a consolidated basis and ₹1,567 lakh on a standalone basis. The company faces constraints in meeting operational expenses and is exposed to potential liabilities from legal and regulatory proceedings initiated by SEBI, the Central Board of Direct Taxes (CBDT), and the Central Board of Indirect Taxes and Customs (CBIC).

The management stated that promoters will provide necessary financial support and identified the ensuing three quarters of FY27 as a critical period to evaluate operational and financial turnaround. Consequently, the financial statements have been prepared on a going concern basis.

Other Board Decisions

The Board appointed K V Sudhakar, Chartered Accountants, as the Internal Auditors of the company for the first half of the financial year 2026-27. The audited financial results will be published in a newspaper in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.80%	-7.12%	-13.79%	-16.48%	-19.07%	-75.65%

securekloud technologies has informed the stock exchanges that its promoters have received an attachment proceeding for the sale of securities from the Securities and Exchange Board of India (SEBI), Southern Regional Office. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The regulatory action pertains to Mr. Suresh Venkatachari, a Promoter and Director of the company. According to the filing, the attachment proceeding was initiated as the penalty payment referenced in an order passed by the Hon'ble Securities Appellate Tribunal (SAT) is due for settlement.

The notice from SEBI was received by the promoters on May 22, 2026. The communication cites the SAT order dated March 6, 2026, as the basis for the attachment proceedings regarding the sale of securities.

Details of the Regulatory Action

The company provided specific particulars regarding the communication received by the promoter. The table below outlines the key details of the attachment proceeding.

Particulars	Details
Name of the Authority	Securities Exchange Board of India, Southern Regional Office
Nature of Action	Attachment proceeding for sale of securities due to pending penalty payment
Date of SAT Order	March 6, 2026
Date of Notice	May 20, 2026
Date of Receipt	May 22, 2026
Impact on Company	NA

Impact Assessment

In the disclosure, SecureKloud Technologies Limited clarified that there is no impact on the financial, operational, or other activities of the listed entity that is quantifiable in monetary terms. The filing emphasized that the proceedings are directed specifically at the promoter regarding the settlement of penalties.