
Default16 Oct 2026, 06:20 pm
Securekloud Technologies Defaults on ₹8.11 Cr Cash Credit Account
AI Summary
Securekloud Technologies Ltd has disclosed a default on its cash credit account with Indian Bank. The company failed to remit the required funds to regularize the account by the stipulated deadline of October 16, 2026. This default involves an amount of INR 811.42 Lakhs (₹8.11 Crore). The estimated impact is that the account may become irregular and be classified as a Non-Performing Asset (NPA) as per RBI guidelines. The company has not reported this default to appropriate authorities as it is not applicable in this context.
Key Highlights
- Default on cash credit account with Indian Bank.
- Amount involved is ₹8.11 Crore (811.42 Lakhs).
- Risk of account becoming NPA.
- Default occurred on October 16, 2026.
Price Impact
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