SEBI prohibitory orders against two promoters over unpaid penalty dues
SecureKloud Technologies says it received information about two SEBI Recovery Officer prohibitory orders dated October 15, 2026 against promoters R S Ramani and Suresh Venkatachari.
By ScoutQuest · · 3 min read
- Recovery Certificate - R S Ramani
- No. 8709 of 2025; dues of ~Rs.2.58 crore plus interest and costs
- Recovery Certificate - Suresh Venkatachari
- No. 8710 of 2025; dues of ~Rs.3.87 crore plus interest and costs
- Prohibitory Order Date
- October 15, 2026
SecureKloud Technologies has informed the stock exchanges that it received information about two prohibitory orders dated October 15, 2026 issued by the Recovery Officer, Securities and Exchange Board of India (SEBI), Southern Regional Office, Chennai, in connection with default in payment of penalty dues by its promoters. The company says the orders were communicated to it on October 22, 2026.
Who the orders name
- Mr. R S Ramani, Promoter, under Recovery Certificate No. 8709 of 2025. The Notice of Demand was dated April 23, 2025 for ~Rs.2.58 crore plus further interest, costs, expenses and charges.
- Mr. Suresh Venkatachari, Promoter/Director, under Recovery Certificate No. 8710 of 2025. The Notice of Demand was dated April 23, 2025 for ~Rs.3.87 crore plus further interest, costs, expenses and charges.
What happened before the prohibitory orders
- A Notice of Demand dated April 23, 2025 asked each defaulter to pay within 15 days of receipt.
- By an Attachment Order dated March 10, 2026, the Recovery Officer attached all demat accounts, funds, folios and schemes held by the defaulter.
- By another Attachment Order of the same date, bank accounts including lockers, held singly or jointly, and amounts due or that may become due to the defaulter, were attached.
- By an Order dated April 21, 2026, banks were directed to remit the balances available in the defaulter's bank accounts to SEBI, and mutual funds were directed to redeem the units held in the defaulter's name and remit the amount to SEBI.
- As the amounts realised from bank accounts were not sufficient, the Recovery Officer prohibited the defaulters from disposing, transferring, alienating or charging their immovable and movable properties.
Properties listed in the order against R S Ramani
- Three plots of 1480 sq.ft each at Periyar Street, Ayappan Nagar, Keezhsathanur, Trichy.
- Plot No. 308, Moogambigai Nagar, Kovoor, Kunrathur, measuring 2760 sq.ft.
- Plot No. 309, Moogambigai Nagar, Kovoor, Kunrathur, measuring 3340 sq.ft.
Properties listed in the order against Suresh Venkatachari, all at Eldams Road, Teynampet, Chennai:
- A ground floor unit with 83.73 sq.ft undivided share of land (UDS) and 190 sq.ft built-up area.
- Several shops measuring 85.93 sq.ft each and one measuring 170 sq.ft.
- A larger block of shops with 11,856.54 sq.ft total UDS and 28,290 sq.ft total built-up area.
Other directions in the orders
- The defaulters must furnish complete details of all movable and immovable properties and charges, along with original title deeds, within two weeks.
- The orders are to be served on the Inspector General of Registration, Tamil Nadu, and the concerned District Registrars and Sub-Registrars, who are directed not to act on documents purporting to transfer, mortgage, charge, lease or create or alter any interest in these properties if presented for registration.
- All persons are prohibited from taking any benefit under such disposal, transfer, alienation or charge of the attached properties.
What this means for the listed company
- The orders are against the promoters in their individual capacity in recovery proceedings for penalty dues.
- In its own disclosure, the company states that the impact on the financial, operational or other activities of the listed entity, quantifiable in monetary terms, is "Not applicable".
- The restrictions in the orders relate to the personal assets named in them.
What a shareholder can watch going forward
- Any further communication from SEBI or the Recovery Officer in these recovery proceedings involving the promoters.
- Any update from the company on how these promoter-level proceedings develop.
Also from Securekloud Technologies
Default in regularizing cash credit account with Indian Bank; INR 811.42 Lakhs involved
16 Oct 2026
Default in repayment of interest on promoter's loan; interest of INR 3,14,26,183 involved
1 Oct 2026
More numbers
- Dues under Recovery Certificate No. 8709 of 2025 (R S Ramani)Rs.2,58,01,000/-
- Dues under Recovery Certificate No. 8710 of 2025 (Suresh Venkatachari)Rs.3,87,01,000/-
- Payment period allowed under the Notice of Demand15 days
- Plot area of each of the three Periyar Street, Trichy plots1480 sq.ft
- Plot area, Plot No. 309, Moogambigai Nagar, Kunrathur3340 sq.ft
- Total UDS area, Eldams Road, Teynampet properties11,856.54 sq.ft.
- Total built-up area, Eldams Road, Teynampet properties28,290 sq.ft.
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