Description

SEBI issues a General Remittance Order dated April 21, 2026 under Recovery Certificate No. 8710 of 2025 directing recovery of dues from Venkatachari Suresh (PAN: ATNPS3289H) in connection with the matter of Securekloud Technologies Limited.

Summary

SEBI has issued a General Remittance Order dated April 21, 2026 pursuant to Recovery Certificate No. 8710 of 2025. The order is directed against Venkatachari Suresh (PAN: ATNPS3289H) in connection with the matter of Securekloud Technologies Limited. The order is part of SEBI’s enforcement mechanism to recover outstanding dues or penalties from the individual.

Key Points

  • Recovery Certificate (RC) No. 8710 of 2025 was previously issued against Venkatachari Suresh
  • General Remittance Order dated April 21, 2026 instructs banks and financial institutions to remit funds held in the named individual’s accounts towards recovery of dues
  • The underlying matter pertains to Securekloud Technologies Limited
  • PAN of the respondent: ATNPS3289H

Regulatory Changes

No new regulatory changes are introduced. This is an enforcement action pursuant to existing SEBI recovery powers under the SEBI Act and the SEBI (Recovery of Amounts) Rules.

Compliance Requirements

  • Banks and financial institutions holding accounts or assets in the name of Venkatachari Suresh (PAN: ATNPS3289H) are directed to comply with the remittance order
  • Institutions must remit the specified amount to SEBI as instructed under the Recovery Certificate mechanism
  • Non-compliance with a General Remittance Order can attract further regulatory action

Important Dates

  • Recovery Certificate issued: 2025 (RC No. 8710 of 2025)
  • General Remittance Order date: April 21, 2026

Impact Assessment

This order has a narrow, individual-level impact. It does not affect the general trading public, listed companies broadly, or introduce new compliance obligations for market participants. The action is specific to the enforcement of an existing penalty against a named individual in connection with Securekloud Technologies Limited (NSE: SECUREKLOU). Investors in Securekloud Technologies should note that SEBI continues to pursue enforcement actions related to this company’s historical matters.

Impact Justification

This is an individual-level enforcement recovery action against a named person related to Securekloud Technologies. It does not introduce new market-wide regulations or compliance obligations and has limited impact on broader market participants.