Action(s) taken or orders passed

Ref: SK/CHN/2026-27/E18 August 1, 2026 National Stock Exchange of India Limited BSE Limited Capital Market – Listing, Exchange Plaza, 25th Floor, Phiroze Jeejeebhoy Towers 5th Floor, Plot No. C/1 G Block, Dalal Street, Fort Bandra – Kurla Complex, Bandra (E), Mumbai 400001 Mumbai 400 051 EQ-SECURKLOUD – ISIN – INE650K01021 Scrip code: 512161 – ISIN – INE650K01021 Subject: Disclosure under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Company has received information regarding an Order dated July 31, 2026 passed by the Quasi-Judicial Authority, Securities and Exchange Board of India (SEBI) in connection with proceedings initiated against certain Promoters of the Company. The details, as required under Regulation 30 of the aforesaid Regulations, are mentioned below: Mr. Suresh Venkatachari S.No Particulars Mr. R S Ramani (Promoter) (Promoter/ Director) 1. Name of the Authority Securities Exchange Board of India 2. Nature and details of the action(s) Order attached taken, initiated or order(s) passed 3. Date of receipt of direction or order, including ad-interim or interim orders, Date of receipt of order – July 31, 2026 or any other communication from the authority 4. Details of the violation(s) As mentioned in the enclosed order. contravention(s) committed or alleged to be committed 5. Impact on financial, operation or other Not applicable activities of the listed entity, quantifiable in monetary terms to the extent possible This is for your information and records. Thanking You For SecureKloud Technologies Limited Jayashree Vasudevan Company Secretary and Compliance Officer QJA/SS/IVD-2/ID9/32543/2026-27 SECURITIES AND EXCHANGE BOARD OF INDIA ORDER Under Sections 11(1), 11(4), 11(4A), 11B (1) and 11B (2) read with Section 15 G of the Securities and Exchange Board of India Act, 1992 read with Rule 4 of Securities and Exchange Board of India (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995. In respect of: Sr. No. Name PAN 1 Mr. Suresh Venkatachari ATNPS3289H 2 Mr. R S Ramani AHVPR9966J 3 Mr. M V Bhaskar AAHPV8843M Note: The above entities are hereinafter individually referred to as Noticee No. 1, 2 and 3, respectively, or by their respective names and are collectively referred to as ‘the Noticees’. In the matter of trading activities of certain entities in the scrip of SecureKloud Technologies Ltd. Contents Page No. Appeal before the Hon’ble Securities Appellate Tribunal…………………….……....…....5 C. Inspection/Replies and Hearing………………………………………………………............5 D. Consideration of the issues and findings……………………………………………….....…6 (i) Consideration of technical objections and findings…………………………....…… ….…6 (a) SCN is vitiated by inordinate delay and laches……………………………………….....6 (b) Subject matter already decided and in knowledge of SEBI before investigation…....9 Order in matter of trading activities of certain entities in the scrip of SecureKloud Technologies Limited. Page 1 of 55 Contents Page No. (ii)Consideration of merits and findings……………………………………….……. ………..11 (b) Unpublished price sensitive information / UPSI Period………………………….….18 (i) Actual impact on price; whether an essential ingredient for an information to be UPSI?..........................................................................................................19 (c) Whether pledging or invocation of pledge of shares amounts to trading………...23 Calculation of wrongful gain (by avoidance of loss) and disgorgement………….. 50 A. Introduction. 1. SecureKloud Technologies Ltd (“the Company/SecureKloud”), was incorporated on May 26, 1993, having its registered office at Chennai. SecureKloud was earlier known as 8K Miles Software Services Ltd. The shares of the Company are listed on National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”). Interim and Final Order. 2. Securities and Exchange Board of India (“SEBI”) passed an interim order dated August 04, 2022 (“interim order”) alleging inter alia- (a) financial mis-reporting/irregularities by promoters and management of and the resignation of the Company’s statutory auditor, viz. Deloitte Haskins and Sells (“Deloitte”), citing various corporate governance issues. Order in matter of trading activities of certain entities in the scrip of SecureKloud Technologies Limited. Page 2 of 55 (b) SecureKloud was inflating its sales since FY 2016-17 till FY 2018-19 by booking fictitious revenue with various entities namely, Ensys Technologies Inc, Idol Solutions Inc. and Intuit Micro Technologies LLC. These entities were controlled /managed by the Promoters / Directors of the Company, namely Noticee No. 1 and Noticee No. 2. (c) There were no actual sales to these entities and there were no actual payments received from these entities. The amounts shown as received by SecureKloud were funded by the Company itself. (d) The outstanding receivables shown from these three entities as on March 31, 2017, March 31, 2018 and March 31, 2019 were fictitious and the same were either written off or adjusted against one vendor, namely Nation Star IT Services Limited. 3. The interim order, inter alia made observations that the sale of shares by promoters of the Company during the investigation period when the financial statements were published, indicated possible violation of the provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (“the PIT Regulations”) as under: “26. I note that the sale of shares by two promoter Noticees during the investigation period when the inflated financial statements were published points towards possible violations of provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015. SEBI would separately examine this issue and would take appropriate action, including disgorgement of illegal gains, if any.” 4. The interim order culminated in a Final Order dated December 16, 2022 (‘Final Order”) passed by Whole Time Member, SEBI holding, inter alia, that: - (a) In light of the misrepresentation of financial statements of the Company, the consolidated revenue of the Company rose manifold within short span of time i.e. from Rs. 271.93 Crore in FY 2015-16 to Rs. 850.39 Crore in FY 2018-19. (b) Once the Company stopped booking fictitious revenue (from 2019-20 onwards), its revenue decreased to Rs. 386.43 crore during FY 2019-20. (c) Further, the Company also inflated its balance sheet size by capitalizing fictitious expenditure towards development of software, resulting in its balance sheet size increasing manifold Order in matter of trading activities of certain entities in the scrip of SecureKloud Technologies Limited. Page 3 of 55 within a short span of time i.e. from Rs.44.76 crore as on March 31, 2013 to Rs.997.99 crore as on March 31, 2019. (d) After impairment and other write offs, balance sheet size of the Company reduced from Rs. 997.99 crore to Rs. 242.82 crore i.e. in single financial year, Rs. 755.17 crore was wiped off from balance sheet of the Company. (e) Further, the statutory auditor of SecureKloud viz. Deloitte resigned as company’s statutory auditor citing various corporate governance issues including fraud relating to irregularities and inconsistencies in financial statements and books of accounts of the Company. (f) As observed from the corporate announcement on NSE by SecureKloud, a fraud report dated September 13, 2019 was also filed by the statutory auditor Deloitte to the Central Government under Section 143(12) of the Companies Act, 2013 (As stated at Para 54 of the Final Order). 5. Accordingly, the following directions were passed in the final order against the company SecureKloud, Noticee No. 1, Noticee No. 2 and Mr. Gurumurthi Jayaraman (Audit Committee, Chairman) along with monetary penalties: (a) SecureKloud, No [Showing first 8,000 characters — download PDF for full document]