Description

SEBI issues a completion order for Recovery Certificate No. 6714 of 2023 against R Thyagarajan (PAN: ACDPT1217H) in the matter of Securekloud Technologies Limited, formally closing the recovery proceedings.

Summary

SEBI has issued a Completion Order for Recovery Certificate No. 6714 of 2023, which was issued against R Thyagarajan (PAN: ACDPT1217H) in the matter of Securekloud Technologies Limited. This order formally certifies that the recovery proceedings initiated under the said certificate have been fully completed and satisfied, marking the final administrative closure of this enforcement action.

Key Points

  • Completion order issued for Recovery Certificate No. 6714 of 2023
  • Recovery certificate was issued against R Thyagarajan (PAN: ACDPT1217H)
  • Matter pertains to Securekloud Technologies Limited
  • Completion indicates full satisfaction of recovery dues under the certificate
  • Order dated March 17, 2026
  • Companion to the Release Order (circular c5df0739d8a05e74) issued on the same date

Regulatory Changes

No new regulatory changes are introduced. This order represents the formal administrative completion of an existing enforcement action under SEBI’s recovery mechanism.

Compliance Requirements

  • No new compliance obligations are imposed on market participants by this order
  • The concerned defaulter (R Thyagarajan) has fulfilled obligations under Recovery Certificate No. 6714 of 2023
  • Recovery proceedings are formally concluded

Important Dates

  • Recovery Certificate No. 6714 of 2023: Originally issued in 2023
  • Completion Order Date: March 17, 2026

Impact Assessment

This is a routine administrative enforcement closure order with minimal broader market impact. The completion of Recovery Certificate No. 6714 of 2023 against R Thyagarajan in the Securekloud Technologies matter confirms that recovery dues have been fully satisfied. This is a positive administrative development indicating resolution of the enforcement matter, issued alongside a corresponding release order on the same date.

Impact Justification

Routine administrative closure confirming full completion of recovery proceedings; no new obligations imposed on market participants.