SEBI finds insider trading in SecureKloud Technologies Ltd. shares

It details the findings on insider trading violations and the resulting penalties.

Who it concerns: Mr. Suresh Venkatachari, Mr. R S Ramani, Mr. M V Bhaskar, and SecureKloud Technologies Ltd.

What SEBI found or ordered

• SEBI found that the Noticees traded in the scrip of SecureKloud Technologies Ltd. based on UPSI during the period of April 1, 2017, to September 13, 2019.
• The order references a prior Final Order dated December 16, 2022, which restrained SecureKloud, Mr. Suresh Venkatachari, and Mr. R S Ramani from accessing the securities market for three years.
• The prior Final Order also prohibited these parties from being associated with the securities market in any manner, including as directors or Key Managerial Personnel.
• SEBI directed SecureKloud to recover Rs. 3.83 crore from Mr. Suresh Venkatachari within one year, a direction later set aside by the Securities Appellate Tribunal (SAT) in March 2026.
• The SAT confirmed the penalties imposed in the earlier adjudicating orders but found merit in SEBI's findings regarding the financial misrepresentation.

Also in the document

• The investigation period covered April 1, 2017, to September 13, 2019.
• The Show Cause Notice for this specific matter was issued on September 10, 2025.
• The Securities Appellate Tribunal (SAT) confirmed the penalties in its order dated March 6, 2026.
• The company's consolidated revenue rose from Rs. 271.93 Crore in FY 2015-16 to Rs. 850.39 Crore in FY 2018-19 due to inflated financial statements, as stated in the prior Final Order.