Default in regularizing cash credit account with Indian Bank; INR 811.42 Lakhs involved
SecureKloud Technologies has intimated a default in regularizing its cash credit account with Indian Bank by remitting the required funds within the stipulated time.
By ScoutQuest · · 1 min read
- Amount Involved
- INR 811.42 Lakhs
- Time of Occurrence
- October 16, 2026
- Person(s) Involved
- Indian Bank
What was intimated
- SecureKloud Technologies has intimated a default in regularizing its cash credit account with Indian Bank, by remitting the required funds within the stipulated time.
- Time of occurrence: October 16, 2026.
- Person(s) involved: Indian Bank.
- Estimated amount involved: INR 811.42 Lakhs.
What a cash credit account is
A cash credit account is a short-term borrowing facility a company uses for its day-to-day working capital needs, normally against a sanctioned limit. Regularizing the account means bringing it back into order, in this case by remitting the funds required within the stipulated time.
Estimated impact as stated
- The update states the account may become irregular and liable for classification as a Non-performing Asset as per RBI guidelines.
- An account classified as a Non-performing Asset is treated differently by lenders, which is why such a default is intimated to the exchanges.
Disclosure route
- The intimation is made under Regulation 30 of SEBI (LODR) Regulations, 2015, read with Part A of Schedule III, and the stated Master Circular.
- On whether the default has been reported to appropriate authorities, the update states Not applicable.
- The letter is signed by Jayashree Vasudevan, Company Secretary and Compliance Officer.
The headline fact for investors
A default in regularizing a cash credit account of INR 811.42 Lakhs with Indian Bank has been intimated, with the company itself flagging a possible Non-performing Asset classification as the estimated impact.
Also from Securekloud Technologies
SEBI prohibitory orders against two promoters over unpaid penalty dues
23 Oct 2026
Default in repayment of interest on promoter's loan; interest of INR 3,14,26,183 involved
1 Oct 2026
More numbers
- Estimated amount involvedINR 811.42 Lakhs
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