SecureKloud Technologies Inks Master Service Agreement with Subsidiary Healthcare Triangle

SecureKloud Technologies Limited , a prominent player in the technology sector, has entered into a strategic Master Service Agreement (MSA) with its subsidiary, Healthcare Triangle Private Limited. This development marks a significant step in the company's operational strategy.

Key Details of the Agreement

The Master Service Agreement, primarily focused on sharing of services, has been structured with the following key parameters:

Aspect	Details
Parties Involved	SecureKloud Technologies Limited and Healthcare Triangle Private Limited
Agreement Purpose	Sharing of services
Agreement Size	Not exceeding INR 5.00 crores
Shareholding	SecureKloud holds 99.99% shares in Healthcare Triangle Private Limited
Transaction Nature	Related party transaction conducted on an arm's length basis

Implications and Compliance

This agreement falls under the purview of related party transactions, a critical area of corporate governance. SecureKloud Technologies has affirmed that the transaction is being conducted on an arm's length basis, ensuring fairness and transparency in the deal.

The company has duly informed the National Stock Exchange of India Limited and BSE Limited about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This adherence to regulatory requirements underscores SecureKloud's commitment to maintaining transparency with its stakeholders.

Conclusion

The Master Service Agreement between SecureKloud Technologies and its subsidiary, Healthcare Triangle Private Limited, represents a strategic move to optimize service sharing within the corporate structure. As the agreement unfolds, stakeholders will likely keep a close watch on its impact on the company's operational efficiency and financial performance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.82%	-15.24%	-19.38%	-28.78%	-51.03%	-79.24%

SecureKloud Technologies Limited has announced a significant development involving its subsidiaries. Healthcare Triangle Private Limited and Healthcare Triangle Inc., both subsidiaries of SecureKloud Technologies, have entered into a Master Service Agreement for sharing services between the fellow subsidiaries.

Key Details of the Agreement

Aspect	Details
Agreement Type	Master Service Agreement
Parties Involved	Healthcare Triangle Private Limited and Healthcare Triangle Inc.
Maximum Value	INR 15 crores
Nature of Transaction	Related party transaction
Transaction Basis	Arm's length

Implications and Significance

The agreement, which allows for sharing of services between the two subsidiaries, has a maximum value not exceeding INR 15.00 crores. This move suggests a strategic alignment of resources within the SecureKloud Technologies group, potentially leading to improved operational efficiency and cost optimization.

It's important to note that the transaction has been classified as a related party transaction. However, the company has specified that it is being conducted on an arm's length basis, which implies that the terms of the agreement are similar to those that would have been agreed upon between unrelated parties.

This development could indicate SecureKloud Technologies' efforts to streamline operations across its subsidiaries and maximize synergies within the group. Investors and stakeholders may want to keep an eye on how this agreement impacts the company's financial performance and operational efficiency in the coming quarters.

As always, it's advisable for investors to consider such corporate actions in the broader context of the company's overall strategy and market conditions before making any investment decisions.