The Board of Directors of SecureKloud Technologies Limited met on May 30, 2026, to approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The results indicate a significant financial downturn, largely driven by exceptional items amounting to Rs. 12,862.37 Lakhs, which include the impairment of investments in its bankrupt US subsidiary, SecureKloud Technologies, Inc., and the write-off of unrecoverable trade receivables. The company reported a standalone net loss of Rs. 425.77 Lakhs for the quarter ended March 31, 2026, compared to a net loss of Rs. 1,175.06 Lakhs in the corresponding quarter of the previous year and a net loss of Rs. 203.50 Lakhs in the preceding quarter.

SecureKloud Technologies Limited, formerly known as 8K Miles Ltd, is an enterprise cloud transformation services provider that offers digital transformation solutions, including managed services, cloud enablement, cyber security, and AI-powered data analytics. The company also provides advanced security services such as IDAM, MFA, and governance, risk, and statutory compliance for enterprises that have adopted cloud operations. In 2025, the company launched innovative solutions like the DocuGenie.AI™ Cloud Automation Data Platform and was recognized for “Best AI Innovation of the Year 2025” at the 9th Edition CIO Conclave.

The business has been dealing with operational constraints and severe financial distress, reflected in the bankruptcy of its US subsidiary and ongoing legal and regulatory proceedings initiated by authorities like SEBI, CBDT, and CBIC. As of March 31, 2026, the company’s current liabilities significantly exceeded its total assets, raising material uncertainty about its ability to continue as a going concern. However, the management has identified the next three quarters of the financial year 2026-27 as a critical period for operational and financial turnaround, with promoters committed to providing necessary financial support.

For the quarter ended March 31, 2026, SecureKloud reported a standalone revenue from operations of Rs. 255.48 Lakhs, compared to Rs. 1,170.44 Lakhs in the same quarter last year (a decrease of 78.17%) and Rs. 216.37 Lakhs in the previous quarter (an increase of 18.08%). The standalone net loss for the current quarter stood at Rs. 425.77 Lakhs, compared to a loss of Rs. 1,175.06 Lakhs in the corresponding quarter last year (a reduction of 63.77% in loss) and a loss of Rs. 203.50 Lakhs in the previous quarter (an increase of 109.22% in loss). The company’s major shareholder and promoter is Mr. Suresh Venkatachari, who held approximately 42.13% stake as of March 2026.

(Note: In the Net Profit row, a positive percentage change reflects a reduction in the reported loss, while a negative percentage change indicates an increase in the loss.)