SecureKloud Technologies Approves Audited Financial Results and Writes Off Subsidiary Investments

SecureKloud Technologies Approves Audited Financial Results and Writes Off Subsidiary Investments​

SecureKloud Technologies Limited announced that its Board of Directors held a meeting on May 30, 2026, approving the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The audited financials were supported by an unmodified opinion from M/s. K. Gopal Rao & Co., Chartered Accountants.

The Board meeting also included the approval for the write-off of investments held in SecureKloud Technologies Inc., a subsidiary, following its declaration of bankruptcy by the Court of Nevada, USA. Furthermore, K V Sudhakar, Chartered Accountants, was appointed as the Internal Auditor of the Company for the first half of the financial year 2026-27.

Financial Performance Summary​

The company reported significant financial activities in the period. For the year ended March 31, 2026, the audited standalone Balance Sheet showed Total Assets of 2,060.96 lakhs, compared to 15,240.94 lakhs at the end of March 31, 2025.

The consolidated financial results reflect the comprehensive performance of the group. The audited Consolidated Balance Sheet as at March 31, 2026, recorded Total Assets of 1,832.74 lakhs, down from 17,681.50 lakhs at the end of March 31, 2025.

Consolidated Balance Sheet Comparison (Amounts in lakhs)​

Write-off of Subsidiary Investments​

The Board of Directors approved the writing off of the entire investment of ₹ 10,112.19 lakhs held in the subsidiary, SecureKloud Technologies Inc. This write-off followed the subsidiary becoming bankrupt, a status formally declared by the Court of Nevada, USA.

The subsidiary previously contributed to the group's financials, accounting for 36.84% of the Consolidated Turnover and 77.39% of the Consolidated Networth based on the financials for the Fiscal Year 2024-25. The bankruptcy proceedings were finalized, with the last decree pronounced on January 14, 2026.

Exceptional Items from Write-off (Amounts in lakhs)​

Governance and Operations​

The company also announced the appointment of K V Sudhakar, Chartered Accountants, as the Internal Auditor for the first half of the Financial Year 2026-27.

The financial statements, which include results for the quarter and year ended March 31, 2026, detail the company's operational history, noting the following financial metrics in the statement of accounts:

Profit/Loss Before Tax (Annualized)​

Material Uncertainty Warning​

The auditors flagged a material uncertainty related to the company's ability to continue as a going concern. The review noted that the company's current liabilities exceeded its total assets by 1,567 lakhs (standalone) and 4,402 lakhs (consolidated) as of March 31, 2026.

The auditors pointed out that potential liabilities from legal and regulatory proceedings initiated by statutory authorities, including SEBI, CBDT, and CBIC, contribute to this uncertainty. The management has stated that the promoters will provide necessary financial support and that the ensuing three quarters of the financial year 2026-27 will serve as the critical period to evaluate operational and financial turnaround.

SECURKLOUD Stock Price Movement​

On Friday, SECUREKLOUD TECHNOLOGIES LIMITED shares edged higher to close at ₹20.82, marking a 2.44% gain for the session. The stock traded on a notable volume of 12,328 shares, reflecting positive momentum into the close.