SecureKloud Technologies amends insider trading code

securekloud technologies approved amendments to its Code of Conduct for Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information on May 30, 2026. The board's decision ensures the company remains compliant with Regulation 8 of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The updated code is now available on the company's official website.

The amended code reinforces the framework for preventing the misuse of unpublished price sensitive information (UPSI). It defines designated persons, including promoters, directors, and key managerial personnel, and mandates that no insider trade while in possession of UPSI. The policy also outlines procedures for pre-clearance of trades, requiring designated persons to seek approval before executing transactions exceeding specified thresholds.

Key Provisions of the Amended Code

The code introduces strict restrictions on contra trades, prohibiting designated persons from executing opposite transactions within six months of a prior trade. Profits from inadvertent contra trades must be disgorged to the Investor Protection and Education Fund. Additionally, the policy mandates the maintenance of a structured digital database to track the sharing of UPSI, ensuring adequate internal controls and audit trails.

Trading Window and Disclosures

The trading window will remain closed when designated persons are expected to possess UPSI, reopening no earlier than 48 hours after the information becomes generally available. The code also specifies disclosure requirements for initial and continual holdings. Promoters, key managerial personnel, and directors must disclose their holdings within specific timeframes, and any transactions exceeding ₹10 lakh in a calendar quarter must be reported within two trading days.

Metric	Threshold
Pre-clearance requirement	Trades exceeding ₹10 lakh or 50,000 shares or 1% shareholding
n	Contra trade restriction
n	Disclosure of transactions
n	Trading window closure
n
The policy also establishes a procedure for inquiry in case of leaks or suspected leaks of UPSI, empowering the audit committee to oversee investigations. Sanctions for violations include wage freezes, suspension, and clawback of profits, in addition to reporting to stock exchanges.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.25%	-4.81%	-14.27%	-18.86%	-25.30%	-75.84%

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.