SEBI finds insider trading in SecureKloud Technologies Ltd. shares

This order addresses SEBI's investigation into whether three individuals traded shares of SecureKloud Technologies Ltd. based on unpublished price-sensitive information (UPSI) regarding the company's financial misreporting. It details the findings on insider trading violations and the resulting penalties.

Mr. Suresh Venkatachari, Mr. R S Ramani, Mr. M V Bhaskar, and SecureKloud Technologies Ltd.

• 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.

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