SecureKloud Technologies Defaults on ₹8.11 Crore Cash Credit Facility with Indian Bank
SecureKloud Technologies Limited defaulted on its cash credit account with Indian Bank on October 15, 2026. The current default amount is ₹8.11 Crore. The total principal of the facility is ₹15 Crore, with an interest rate of 12.95%. Total borrowings stand at ₹18.35 Crore and overall indebtedness at ₹52.87 Crore.
A default on a bank facility can have significant repercussions on the company's financial standing, access to future credit, and investor confidence. This is considered a material event.
The company has reported a default on its debt obligations, which is a negative development impacting its financial health and creditworthiness.
SecureKloud Technologies Limited has officially intimated a default in regularizing its cash credit account with Indian Bank. The company failed to remit the required funds by the stipulated deadline, leading to this default.
The default pertains to an Open Cash Credit (OCC) facility with Indian Bank. The specific amount currently in default is ₹8.11 Crore, which includes principal and interest. This is in relation to a total principal amount of ₹15 Crore under the OCC facility. The interest rate for this facility is 12.95%, and it is a secured borrowing.
The company's total outstanding borrowings from banks and financial institutions currently stand at ₹18.35 Crore. The overall financial indebtedness of SecureKloud Technologies Limited, encompassing both short-term and long-term debt, amounts to ₹52.87 Crore as of November 14, 2026. The date of the default was recorded as October 15, 2026.
What to do with a filing like this
SECUREKLOUD TECHNOLOGIES LIMITED filed this with the NSE as a statutory disclosure, categorised under fraud/defaults disclosure. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by SECUREKLOUD TECHNOLOGIES LIMITED. Read the original for the full detail.