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Legal23 Oct 2026, 03:55 pm

SEBI Issues Prohibitory Order Against Secure Koud Promoters

AI Summary

Secure Koud Technologies Ltd has received a Prohibitory Order dated October 15, 2026, from the Recovery Officer of SEBI. This order is in response to the default in payment of penalty dues by the company's promoters, Mr. Suresh Venkatachari and Mr. R S Ramani. The order prohibits the defaulters from disposing, transferring, or alienating their immovable and movable properties to prevent obstruction of recovery proceedings. The total outstanding amount, including penalty, interest, costs, and expenses, is Rs. 2,58,01,000/-. The company has stated that the order has no quantifiable impact on its financial or operational activities.

Key Highlights

  • SEBI issued a prohibitory order against company promoters.
  • Order relates to default in payment of penalty dues.
  • Promoters are prohibited from disposing of assets.
  • Outstanding amount is Rs. 2,58,01,000 plus interest and costs.
  • No quantifiable impact on company's operations.